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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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    May 16, 2013 |Story| Los Angeles Times

  1. 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: Labor Markets, Finance, Morgan Stanley Dean Witter & Company, Italy, Economy, Business and Finance

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

  2. 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, Central Bank, Italy, Money and Monetary Policy

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

  3. 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, Michael Bloomberg, Journalism, U.S. Securities and Exchange Commission, Federal Reserve

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

  4. 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: Banking, Finance, Central Bank, CNBC (tv network), Economy, Business and Finance

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

  5. 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: Labor Markets, Finance, Central Bank, Career and Workplace, Employment

    6. Apr 30, 2013 |Story| Los Angeles Times

  6. Eurozone's unemployment climbs to 12.1%, a fresh record high

    WASHINGTON -- The Eurozone's unemployment rate hit a record high of 12.1% in March as the region continued to struggle with recession, government officials said Tuesday. The seasonally adjusted jobless rate for the 17-nation group topped the previous...

    Tags: Labor Markets, Finance, Career and Workplace, Employment, Inflation and Deflation

    7. Apr 8, 2013 |Story| Los Angeles Times

  7. Greek bank stocks plunge after merger freeze

    ATHENS — Greek bank stocks plunged 30% on Monday, the maximum allowed in a day, after plans to merge the country's two biggest lenders were suddenly frozen.
    ATHENS — Greek bank stocks plunged 30% on Monday, the maximum allowed in a day, after plans to merge the country's two biggest lenders were suddenly frozen. The surprise freeze came amid testy talks between the government and international...

    Tags: Banking, Finance, International Monetary Fund, National Bank of Greece SA, Economy, Business and Finance

    8. Apr 8, 2013 |Story| Los Angeles Times

  8. Greek bank stocks plunge as merger is frozen

    ATHENS – Fears concerning Greece’s efforts to fix its faltering economy flared anew Monday as bank shares sank 30% -- the maximum allowed in a day -- after plans to merge the country’s two biggest lenders were suddenly frozen.
    ATHENS – Fears concerning Greece’s efforts to fix its faltering economy flared anew Monday as bank shares sank 30% -- the maximum allowed in a day -- after plans to merge the country’s two biggest lenders were suddenly frozen. Investors...

    Tags: International Monetary Fund, National Bank of Greece SA

    9. Mar 28, 2013 |Story| Los Angeles Times

  9. Cyprus bailout: How the tiny country got here

    As banks opened their doors Thursday for the first time in nearly two weeks in Cyprus, the odyssey over the nation's financial crisis and ensuing bailout took its newest turn. If you haven’t followed the economic drama in this Mediterranean island, here’s a recap of how Cyprus came to preoccupy the Eurozone.
    As banks opened their doors Thursday for the first time in nearly two weeks in Cyprus, the odyssey over the nation's financial crisis and ensuing bailout took its newest turn. If you haven’t followed the economic drama in this Mediterranean island,...

    Tags: Cyprus, European Union, Cypriot Banking Crisis (2013)

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

  10. 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: Same-Sex Marriage, Cyprus, Finance, International Monetary Fund, European Debt Crisis

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

  11. 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: Cyprus, Finance, Dmitry Medvedev, Central Bank, Nicosia (Cyprus)

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

  12. 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: Cyprus, International Monetary Fund, Nicosia (Cyprus), European Union, Nicos Anastasiades

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