Euro Zone

Italy’s UniCredit says it is among banks accused of running bond…

Italy’s UniCredit says it is among banks accused of running bond…

Published 11/04/2019

MILAN (Reuters) - Italy’s biggest lender UniCredit said it is among a group of banks accused of running a cartel in trading euro zone government [more…]

ECB’s Coeure says financial risks from no-deal Brexit are limited

ECB’s Coeure says financial risks from no-deal Brexit are limited

Published 05/04/2019

BUCHAREST (Reuters) - The European Central Bank considers that risks to the euro zone financial stability from a no-deal Brexit are “limited” and have been [more…]

Euro zone took steps to prepare for no-deal Brexit: Eurogroup’s…

Euro zone took steps to prepare for no-deal Brexit: Eurogroup’s…

Published 05/04/2019

BUCHAREST (Reuters) - Euro zone countries have taken steps to prepare for a no-deal Brexit but are still hoping that this scenario will not occur, [more…]

Slovak ruling party candidate Sefcovic concedes defeat in…

Slovak ruling party candidate Sefcovic concedes defeat in…

Published 30/03/2019

BRATISLAVA (Reuters) - Slovakia’s ruling party-backed candidate Maros Sefcovic conceded defeat in the euro zone country’s presidential election on Saturday. Sefcovic, a vice-president the European [more…]

With eye on Deutsche-Commerzbank, EU sends too big to fail warning

With eye on Deutsche-Commerzbank, EU sends too big to fail warning

Published 21/03/2019

BRUSSELS (Reuters) - Euro zone banking watchdogs said banks planning mergers should make sure they could be wound down in a crisis, a warning likely [more…]

Valid or voodoo? Monetary theory may appeal in Europe’s ‘age of rage’

Valid or voodoo? Monetary theory may appeal in Europe’s ‘age of rage’

Published 18/03/2019

LONDON (Reuters) - Having spent three years and more than 2.6 trillion euros ($3 trillion) trying to boost economic growth across the euro zone, the [more…]

ECB pushes out rate hike, offers cheap cash to banks

ECB pushes out rate hike, offers cheap cash to banks

Published 08/03/2019

FRANKFURT (Reuters) - The European Central Bank changed tack on its tightening plan on Thursday, pushing out the timing of its first post-crisis rate hike [more…]

ECB’s new bank loan scheme won’t cover mortgages: Vasiliauskas

ECB’s new bank loan scheme won’t cover mortgages: Vasiliauskas

Published 08/03/2019

VILNIUS (Reuters) - Euro zone banks will not be able to use a new longer-term lending facility from the European Central Bank to extend mortgages, [more…]

ECB statement following policy meeting

ECB statement following policy meeting

Published 07/03/2019

FRANKFURT (Reuters) - Following is the text of European Central Bank President Mario Draghi’s statement after the ECB’s policy meeting on Thursday: Based on our [more…]