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A collection of news and information related to European Central Bank published by this site and its partners.

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    Jun 14, 2013 |Story| Los Angeles Times

  1. Europe rethinks its pursuit of austerity

    LONDON — After years of unrelenting austerity, Europe seems to have turned a corner on its debt crisis — right into a dead-end street.
    LONDON — After years of unrelenting austerity, Europe seems to have turned a corner on its debt crisis — right into a dead-end street. Since the turmoil erupted in 2009, countries from Ireland to Greece have focused almost exclusively on...

    Tags: Finance, Berlin (Germany), Economy, Business and Finance, European Union, Central Bank

    2. Jun 3, 2013 |Story| Los Angeles Times

  2. European Central Bank chief sees 'very gradual' Eurozone recovery

    WASHINGTON -- The Eurozone, stuck in its longest-ever recession, is headed for a "very gradual recovery" later this year driven by stimulative monetary policy and increased demand for exports, the head of the European Central Bank said Monday.
    WASHINGTON -- The Eurozone, stuck in its longest-ever recession, is headed for a "very gradual recovery" later this year driven by stimulative monetary policy and increased demand for exports, the head of the European Central Bank said Monday. Central...
    3. May 31, 2013 |Story| Los Angeles Times

  3. Eurozone unemployment rate hits record 12.2%

    WASHINGTON — The unemployment rate in the Eurozone hit a record 12.2% last month as the region continues to battle a lengthy recession triggered by austerity measures and debt problems in some key nations.
    WASHINGTON — The unemployment rate in the Eurozone hit a record 12.2% last month as the region continues to battle a lengthy recession triggered by austerity measures and debt problems in some key nations. Joblessness has soared over the past...

    Tags: Labor Markets, Employment Opportunities, Unemployment, Money and Monetary Policy, Austria

    4. May 16, 2013 |Story| Los Angeles Times

  4. Eurozone recession continues

    WASHINGTON — Europe's recession stretched into the first three months of the year, making it the single-currency region's longest downturn and raising concerns about its effect on the U.S. recovery.
    WASHINGTON — Europe's recession stretched into the first three months of the year, making it the single-currency region's longest downturn and raising concerns about its effect on the U.S. recovery. The 17-nation Eurozone economy contracted 0.2%...

    Tags: Finance, Labor Markets, Money and Monetary Policy, Morgan Stanley Dean Witter & Company, Economy, Business and Finance

    5. May 15, 2013 |Story| Los Angeles Times

  5. Eurozone economy shrinks in first quarter, marking longest recession

    WASHINGTON -- The Eurozone economy contracted 0.2% in the first three months of the year compared with the previous quarter, marking the region's longest recession since its single currency was created in 1999.
    This post has been corrected. See the note below for details.
    WASHINGTON -- The Eurozone economy contracted 0.2% in the first three months of the year compared with the previous quarter, marking the region's longest recession since its single currency was created in 1999. The 17-nation Eurozone now has been in...

    Tags: Productivity, Money and Monetary Policy, Central Bank, Italy

    6. May 14, 2013 |Story| Los Angeles Times

  6. Bloomberg in damage-control mode over client snooping

    Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous on Wall Street.
    Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous...

    Tags: Finance, Federal Reserve, Investments, U.S. Securities and Exchange Commission, Economy, Business and Finance

    7. May 13, 2013 |Story| Los Angeles Times

  7. Europe could drop interest rate below zero on excess bank deposits

    WASHINGTON -- The European Central Bank could reduce the interest rate it pays on excess bank deposits to below zero to boost growth in the recession-plagued region, a top official said. The comments over the weekend by Italian Central Bank chief...

    Tags: CNBC (tv network), Finance, Federal Reserve, Money and Monetary Policy, Economy, Business and Finance

    8. Mar 24, 2013 |Story| Los Angeles Times

  8. Cyprus locked in tense talks with international lenders

    ATHENS -- Officials from Cyprus and international lenders were locked in long and tortuous talks Sunday, trying to strike a deal on a rescue plan that would keep the island’s failing banks from collapsing while maintaining membership in Europe’s single currency.
    ATHENS -- Officials from Cyprus and international lenders were locked in long and tortuous talks Sunday, trying to strike a deal on a rescue plan that would keep the island’s failing banks from collapsing while maintaining membership in Europe&...

    Tags: Finance, Same-Sex Marriage, Cyprus, Economy, Business and Finance, Central Bank

    9. Mar 21, 2013 |Story| Los Angeles Times

  9. Cyprus faces Monday deadline to find $7.5 billion

    ATHENS -- The clock began ticking for Cyprus on Thursday when the European Central Bank warned the beleaguered country that it had until Monday to find $7.5 billion needed to qualify for a financial bailout.
    ATHENS -- The clock began ticking for Cyprus on Thursday when the European Central Bank warned the beleaguered country that it had until Monday to find $7.5 billion needed to qualify for a financial bailout. The stern ultimatum that the European Central...

    Tags: Finance, Cypriot Banking Crisis (2013), Cyprus, Economy, Business and Finance, Central Bank

    10. Mar 24, 2013 |Story| Los Angeles Times

  10. Cyprus, creditors reach draft deal for avoiding economic collapse

    ATHENS — After hours of tortuous threats and talks, Cyprus reached a draft deal with its international lenders Monday to keep the island’s failing banks from collapsing and its economy anchored to Europe’s single currency.
    ATHENS — After hours of tortuous threats and talks, Cyprus reached a draft deal with its international lenders Monday to keep the island’s failing banks from collapsing and its economy anchored to Europe’s single currency....

    Tags: Cypriot Banking Crisis (2013), Cyprus, European Union, International Monetary Fund, Nicos Anastasiades

    11. Mar 22, 2013 |Story| Los Angeles Times

  11. Cyprus scrambles to put together bailout package

    ATHENS -- Racing against time and short on choices, Cyprus on Friday moved to vote on yet another bailout formula its government cobbled together to secure a $13-billion international lifeline that will keep its weak banks afloat and avert a devastating default.
    ATHENS -- Racing against time and short on choices, Cyprus on Friday moved to vote on yet another bailout formula its government cobbled together to secure a $13-billion international lifeline that will keep its weak banks afloat and avert a devastating...

    Tags: Finance, Elections, Christianity, Religion and Belief, Chinua Achebe

    12. May 2, 2013 |Story| Los Angeles Times

  12. European Central Bank cuts key interest rate to fight recession

    WASHINGTON -- The European Central Bank on Thursday lowered its key interest rate to a record low level in an effort to spur economic growth in the recession-plagued Eurozone.
    WASHINGTON -- The European Central Bank on Thursday lowered its key interest rate to a record low level in an effort to spur economic growth in the recession-plagued Eurozone. The central bank's policymakers lowered its main refinancing rate by 0.25...

    Tags: Finance, Labor Markets, Federal Reserve, Employment Opportunities, Money and Monetary Policy

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