No change in eurozone interest rates
www.euronews.com The European Central Bank left interest rates unchanged at a record low of one percent on Wednesday. Recent...
[LESS INFO] 0 VIEWS | ADDED 17:46:32 04/04/12
No change in eurozone interest rates
www.euronews.com The European Central Bank left interest rates unchanged at a record low of one percent on Wednesday. Recent grim economic indicators and renewed concerns about the public finances in Spain have fuelled worries that the eurozone is in a mild recession and that the sovereign debt crisis may flare up again. ECB President Mario Draghi said: "Downside risks to the economic outlook prevail, they relate in particular to a renewed intensification of tension in euro area debt markets, and their potential spillover to the euro area real economy." The ECB wants time for its support measures to take full effect and boost the region's fragile economic recovery. Sagging orders hit businesses in March, however a new business survey released on Wednesday showed companies more confident that better times lie ahead. Draghi dismissed a German-led push for the bank to start planning a retreat from emergency crisis-fighting, but stressed it was keeping a close eye on inflation. The ECB has pumped over one trillion euros into the financial system with the twin three year funding operations, or LTROs, to head off a credit crunch that late last year risked exacerbating the euro zone crisis and jeopardising the currency project. On the push to begin preparing an exit from the ECB's crisis mode, Draghi said: "Given the present conditions of output and unemployment, which is at historical high, any exit strategy talking for the time being is premature." He added bluntly: "I think ... From: Euronews Views: 151 0 ratings Time: 00:54 More in News & Politics
No change in eurozo...
0 Views 17:46:32 04/04/12
No change in eurozone interest rates
www.euronews.com The European Central Bank left interest rates unchanged at a record low of one percent on Wednesday. Recent...
[LESS INFO] 0 VIEWS | ADDED 17:46:32 04/04/12
No change in eurozone interest rates
www.euronews.com The European Central Bank left interest rates unchanged at a record low of one percent on Wednesday. Recent grim economic indicators and renewed concerns about the public finances in Spain have fuelled worries that the eurozone is in a mild recession and that the sovereign debt crisis may flare up again. ECB President Mario Draghi said: "Downside risks to the economic outlook prevail, they relate in particular to a renewed intensification of tension in euro area debt markets, and their potential spillover to the euro area real economy." The ECB wants time for its support measures to take full effect and boost the region's fragile economic recovery. Sagging orders hit businesses in March, however a new business survey released on Wednesday showed companies more confident that better times lie ahead. Draghi dismissed a German-led push for the bank to start planning a retreat from emergency crisis-fighting, but stressed it was keeping a close eye on inflation. The ECB has pumped over one trillion euros into the financial system with the twin three year funding operations, or LTROs, to head off a credit crunch that late last year risked exacerbating the euro zone crisis and jeopardising the currency project. On the push to begin preparing an exit from the ECB's crisis mode, Draghi said: "Given the present conditions of output and unemployment, which is at historical high, any exit strategy talking for the time being is premature." He added bluntly: "I think ... From: Euronews Views: 122 0 ratings Time: 00:54 More in News & Politics
ECB keeps eurozone ...
0 Views 13:43:46 04/04/12
ECB keeps eurozone rates unchanged
www.euronews.com The European Central Bank has left interest rates unchanged at a record low of one percent. Persistently high...
[LESS INFO] 0 VIEWS | ADDED 13:43:46 04/04/12
ECB keeps eurozone rates unchanged
www.euronews.com The European Central Bank has left interest rates unchanged at a record low of one percent. Persistently high inflation meant Bank policymakers decided not to cut the cost of borrowing to stimulate the eurozone's shaky economic recovery. Financial markets are now looking to a news conference by ECB President Mario Draghi for hints on how long the central bank is planning to keep its wait-and-see stance on interest rates. "After cutting interest rates only a few months ago, the ECB is now in wait-and-see mode, also to assess the impact of the three-year loans," Commerzbank economist Michael Schubert said. "It will take several months until this shows up in lending to the real economy." The ECB has pumped over one trillion euros into the financial system with twin three-year funding operations, known as LTROs, to head off a credit crunch that late last year risked exacerbating the euro zone crisis and jeopardising the currency project. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 97 0 ratings Time: 00:26 More in News & Politics
ECB keeps eurozone ...
0 Views 13:43:46 04/04/12
ECB keeps eurozone rates unchanged
www.euronews.com The European Central Bank has left interest rates unchanged at a record low of one percent. Persistently high...
[LESS INFO] 0 VIEWS | ADDED 13:43:46 04/04/12
ECB keeps eurozone rates unchanged
www.euronews.com The European Central Bank has left interest rates unchanged at a record low of one percent. Persistently high inflation meant Bank policymakers decided not to cut the cost of borrowing to stimulate the eurozone's shaky economic recovery. Financial markets are now looking to a news conference by ECB President Mario Draghi for hints on how long the central bank is planning to keep its wait-and-see stance on interest rates. "After cutting interest rates only a few months ago, the ECB is now in wait-and-see mode, also to assess the impact of the three-year loans," Commerzbank economist Michael Schubert said. "It will take several months until this shows up in lending to the real economy." The ECB has pumped over one trillion euros into the financial system with twin three-year funding operations, known as LTROs, to head off a credit crunch that late last year risked exacerbating the euro zone crisis and jeopardising the currency project. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 89 0 ratings Time: 00:26 More in News & Politics
Market Pulse: Bank ...
4 Views 12:00:00 02/29/12
Feb. 29 - European banks snap up a bigger than expected €530 bln in cheap ECB three-year loans.
[LESS INFO] 1 VIEWS | ADDED 12:00:00 02/29/12
Feb. 29 - European banks snap up a bigger than expected €530 bln in cheap ECB three-year loans.
Draghi: ECB cash av...
1 Views 18:10:00 01/27/12
Jan 27 - The European Central Bank's loans to banks have averted a major credit crunch, ECB President Mario Draghi has told the World Economic Forum in Davos. Soni...
[LESS INFO] 1 VIEWS | ADDED 18:10:00 01/27/12
Jan 27 - The European Central Bank's loans to banks have averted a major credit crunch, ECB President Mario Draghi has told the World Economic Forum in Davos. Sonia Legg reports from Davos.
Draghi: ECB cash av...
1 Views 18:10:00 01/27/12
Jan 27 - The European Central Bank's loans to banks have averted a major credit crunch, ECB President Mario Draghi has told the World Economic Forum in Davos. Soni...
[LESS INFO] 1 VIEWS | ADDED 18:10:00 01/27/12
Jan 27 - The European Central Bank's loans to banks have averted a major credit crunch, ECB President Mario Draghi has told the World Economic Forum in Davos. Sonia Legg reports from Davos.
Andy Parsons on the...
1 Views 18:45:46 01/20/12
Andy Parsons on the recession - Live at the Apollo - BBC
Comedian and Mock the Week regular Andy Parsons discusses how the credit crunch started in America. Grea...
[LESS INFO] 1 VIEWS | ADDED 18:45:46 01/20/12
Andy Parsons on the recession - Live at the Apollo - BBC
Comedian and Mock the Week regular Andy Parsons discusses how the credit crunch started in America. Great stand-up comedy from Live at the Apollo. Watch more high quality videos on the BBC Worldwide YouTube channel here: www.youtube.com From: BBCWorldwide Views: 3583 6 ratings Time: 01:35 More in Entertainment
HSBC Strategist Eva...
1 Views 07:18:42 01/06/12
HSBC Strategist Evans on Europe Credit Crunch
Dec. 22 (Bloomberg) -- Garry Evans, head of global equity strategy at HSBC Holdings Plc, talks about the impact of ...
[LESS INFO] 1 VIEWS | ADDED 07:18:42 01/06/12
HSBC Strategist Evans on Europe Credit Crunch
Dec. 22 (Bloomberg) -- Garry Evans, head of global equity strategy at HSBC Holdings Plc, talks about the impact of the European debt crisis on the US economy. He speaks with Erik Schatzker on Bloomberg Television's "Inside Track." (Source: Bloomberg) From: Bloomberg Views: 31 0 ratings Time: 05:53 More in Entertainment
Inside the News: EC...
12 Views 08:00:00 12/21/11
Dec. 21 - The ECB's first ever three-year loan offer is expected to ease credit crunch fears and bolster bond and money markets.
[LESS INFO] 12 VIEWS | ADDED 08:00:00 12/21/11
Dec. 21 - The ECB's first ever three-year loan offer is expected to ease credit crunch fears and bolster bond and money markets.
Inside the News: EC...
2 Views 08:00:00 12/21/11
Dec. 21 - The ECB's first ever three-year loan offer is expected to ease credit crunch fears and bolster bond and money markets.
[LESS INFO] 2 VIEWS | ADDED 08:00:00 12/21/11
Dec. 21 - The ECB's first ever three-year loan offer is expected to ease credit crunch fears and bolster bond and money markets.
Europe day ahead: E...
1 Views 16:30:00 12/20/11
Dec. 20 - Attention turns to the ECB on Wednesday with the bank set to offer commercial banks cheap cash for three years in its latest ploy to support the banking ...
[LESS INFO] 1 VIEWS | ADDED 16:30:00 12/20/11
Dec. 20 - Attention turns to the ECB on Wednesday with the bank set to offer commercial banks cheap cash for three years in its latest ploy to support the banking system and stave off a full-blown credit crunch
Europe day ahead: E...
11 Views 16:30:00 12/20/11
Dec. 20 - Attention turns to the ECB on Wednesday with the bank set to offer commercial banks cheap cash for three years in its latest ploy to support the banking ...
[LESS INFO] 11 VIEWS | ADDED 16:30:00 12/20/11
Dec. 20 - Attention turns to the ECB on Wednesday with the bank set to offer commercial banks cheap cash for three years in its latest ploy to support the banking system and stave off a full-blown credit crunch