Efforts by eurozone countries to agree on how to recapitalise struggling banks appeared to be in disarray on Wednesday with conflicting interpretations of what was agreed by EU leaders at a summit barely three months ago.
Read more
The world's top banks need to step up efforts to raise cash or hold on to more profits after regulators estimated they would have had a shortfall of 374 billion euros.
Read more
US banks ignore Europe’s lesson on greed,Four years after Lehman Brothers, we are starting to see a few glimmers of hope
Read more
The level of bad debt at Spain's banks has risen to record levels, official data revealed Tuesday as investors continued to press the country's government to tap the European Central Bank's bond-buying program.
Read more
Ineffective governments with weak leadership are at the root of the problem
Read more
The euro zone's debt crisis is just the center of an "adjustment" which is affecting all advanced economies, former European Central Bank (ECB) President Jean-Claude Trichet told CNBC.
Read more
His loss to the ECB’s governing council was a battle he was never going to win
Read more
Germany's highest court paved the way Wednesday for the creation of Europe's €500 billion ($640 billion) rescue fund for indebted governments after it rejected calls to block it
Read more
Europe has cleared more key obstacles on the road to containing its sovereign debt crisis and stabilizing the euro zone after Germany's constitutional court allowed a permanent bailout fund to go ahead.
Read more
The euro zone debt crisis still has a long way to go before it ends and Europe needs to keep faith in the single currency, International Monetary Fund said on Tuesday. The euro zone enters a dangerous week after investors welcomed a European Central Bank plan to prevent a breakup of euro
Read more
ECB allows President Draghi unlimited purchases of sovereign bonds of the Eurozone countries in financial distress. Only one dissenting vote, that of the BundesBank, very critical especially on the limitlessness of the interventions put at risk by the possible rejection of the Germany Constitutional Court. Attention to the Beagle Boys !
Read more
Whether Mario Draghi can save the euro is unclear. The European Central Bank president Mario Draghi unveiled a package of measures to ease the strains in Europe's debt crisis saying that the ECB was ready to buy unlimited amounts of bonds of up to three-year maturity of countries that request a European bailout and fulfill strict policy conditions.
Read more
A collapsing order will do what it takes to retain power, no matter its abuse of law or decency. Writing in Die Zeit on August 29, 2012, European Central Bank president Mario Draghi wrote (in German): "[I]t should be understood that fulfilling our mandate sometimes requires us to go beyond standard monetary policy tools. When markets are fragmented or influenced by irrational fears, our monetary policy signals do not reach citizens evenly across the euro area.
Read more
Germany's conservative newspapers on Friday accused ECB chief Mario Draghi of writing a "blank cheque" to troubled euro zone states that could put the entire currency at risk, . The Italian president of the European Central Bank unveiled a new plan to lower the borrowing costs of euro zone states like Spain and Italy by buying their bonds
Read more
Markets rallied Thursday as investors cheered a package of measures from the European Central Bank that is designed to ease Europe's debt crisis and secure the future of the euro currency.
Read more
The euro rose on Wednesday after media reports suggested that the European Central Bank may buy unlimited amounts of short-term government debt to ease the region's financial crisis. Europe is approaching a "humanitarian crisis" as the region's debt crisis increase the rates of depression
Read more
During the G20 summit in Los Cabos, an indignant Jose Manuel Barroso declared that Europe had not come to Mexico get any tutoring in democracy from emerging states. The European Union, however, not only suffers from a democratic deficit, but lacks legitimacy in the eurocrisis. A look outside the box cannot hurt here, writes a Belgian editor.
Read more
Greece said Friday it will auction (EURO)3.125 billion ($3.83 billion) in short-term debt to help pay off a (EURO)3.2 billion bond repayment due on Aug.20.
Read more
The European Central Bank has broken new ground in the eurozone crisis with hints that it could start unlimited buying of stricken member states’ bonds to drive down their crippling borrowing costs
Read more
Disagreements within the 17-nation euro area are undermining the future of the European Union, said Italy’s Prime Minister Mario Monti as the stand-off on European Central Bank support for Italian and Spanish debt hardened.
Read more
Great expectation of the market to know the measures announced by mr. Draghi
Read more
Banks in the countries that use the euro held a record amount of money overnight...
Read more