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ECB's Lagarde says 'we've probably passed lowest point' of economic crisis

Jun 26, 2020 - 11:40 PM

'We probably have passed the lowest point. I say that with some trepidation because of course there could be a severe second wave,' says European Central Bank chief Christine Lagarde

UNDER FIRE. Christine Lagarde, president of the European Central Bank, addresses a news conference in Frankfurt am Main, Germany, on January 23, 2020. File photo by Daniel Roland/AFP

ECB ramps up eurozone support as pandemic persists

Jun 04, 2020 - 11:00 PM

The European Central Bank announces 600 billion euros ($674 billion) more of emergency bond-buying and the scheme's extension until June 2021

ECB. The European Central Bank, based in Germany. Photo from Shutterstock

ECB warns virus response could renew fears of euro breakup

May 26, 2020 - 11:25 PM

The European Central Bank reiterates that more joint action at the European level could keep government debt sustainable for individual nations

ECB. The headquarters of the European Central Bank is pictured in Frankfurt am Main, Germany, on March 12, 2020. Photo by Daniel Roland/AFP

ECB stands firm after shock German ruling on bond buying

May 06, 2020 - 7:50 AM

In a shock ruling, Germany's Constitutional Court gives the European Central Bank 3 months to clarify key elements of its support to the eurozone

ECB. The headquarters of the European Central Bank is pictured in Frankfurt am Main, Germany, on March 12, 2020. Photo by Daniel Roland/AFP

European Central Bank ready to reload as 'unprecedented' slump hits

Apr 30, 2020 - 11:00 PM

'The euro area is facing an economic contraction of a magnitude and speed that are unprecedented in peacetime,' says European Central Bank chief Christine Lagarde

(FILES) In this file photo taken on March 12, 2020,, the headquarters of the European Central Bank (ECB, R) on the banks of the river Main and the banking district (in background) are pictured in Frankfurt am Main, western Germany. - The European Central Bank could reiterate on April 30, 2020 its power to do more still to cushion the eurozone economy from the impact of the novel coronavirus, analysts said, while maintaining pressure on governments to agree a joint response. (Photo by Daniel ROLAND / AFP)

Euro banknotes safe to touch despite coronavirus – ECB

Apr 28, 2020 - 8:30 PM

'Banknotes do not represent a particularly significant risk of infection' compared with other surfaces, says the European Central Bank's Fabio Panetta

Image from Shutterstock

ECB eases bank risk capital requirements to calm markets

Apr 17, 2020 - 1:30 AM

The European Central Bank says it is 'responding to the extraordinary levels of volatility recorded in financial markets since the outbreak of the coronavirus'

ECB. The European Central Bank, based in Germany. Photo from Shutterstock

ECB eases bank funding rules in 'unprecedented' step

Apr 08, 2020 - 8:30 AM

This is the European Central Bank's latest move to keep cash flowing through the financial system as the coronavirus pandemic batters the global economy

ECB. The headquarters of the European Central Bank is pictured in Frankfurt am Main, Germany, on March 12, 2020. Photo by Daniel Roland/AFP

ECB asks banks to halt dividends over virus crisis

Mar 28, 2020 - 9:20 AM

The European Central Bank urges banks to lend to households and businesses during the coronavirus pandemic

ECB. The headquarters of the European Central Bank is pictured in Frankfurt am Main, Germany, on March 12, 2020. Photo by Daniel Roland/AFP

ECB says banks now have extra 1.8 trillion euros to lend in virus fight

Mar 21, 2020 - 8:30 AM

The European Central Bank eases rules to free up more funds that financial institutions can use for loans to households and corporate customers

ECB. The European Central Bank, based in Germany. Photo from Shutterstock

ECB brings 750-billion-euro bazooka to virus fightback

Mar 19, 2020 - 9:30 AM

The European Central Bank's Pandemic Emergency Purchase Program involves buying government and corporate bonds to keep liquidity flowing

(FILES) In this file photo taken on March 12, 2020 The headquarters of the European Central Bank (ECB) is pictured in Frankfurt am Main, western Germany, on March 12, 2020. - The European Central Bank on Wednesday announced a surprise 750-billion-euro scheme to purchase government and corporate bonds, as it joined other central banks in stepping up efforts to contain the economic damage from the coronavirus. (Photo by Daniel ROLAND / AFP)

ECB rushes to clear up Lagarde stumble on virus response

Mar 13, 2020 - 11:30 PM

Christine Lagarde, president of the European Central Bank, comes under fire for the ECB's response to the novel coronavirus

WHAT'S AHEAD? Christine Lagarde, president of the European Central Bank, addresses a news conference in Frankfurt am Main, Germany, on January 23, 2020. Photo by Daniel Roland/AFP

Chiding governments, European Central Bank brings big guns to virus fight

Mar 13, 2020 - 12:50 AM

The European Central Bank launches a flurry of measures to cushion the impact of the coronavirus, including increased bond purchases and cheap loans to banks

CORONAVIRUS IN EUROPE. Tourists wearing protective masks visit Venice on February 25, 2020, during the usual period of the Carnival festivities which have been canceled following an outbreak of the COVID-19 novel coronavirus in northern Italy. Photo by Andrea Pattaro/AFP

Out of ammo? European Central Bank on the spot in coronavirus fightback

Mar 06, 2020 - 2:30 AM

Critics question how much more the European Central Bank can do to deal with the economic impact of the novel coronavirus

Christine Lagarde, President of the European Central Bank (ECB) addresses a news conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on January 23, 2020. - ECB chief Christine Lagarde said risks to the eurozone economy had become "less pronounced" in the wake of a US-China trade truce. (Photo by Daniel ROLAND / AFP)

Coronavirus is 'new layer of uncertainty' for European economy

Feb 06, 2020 - 2:10 AM

European Central Bank chief Christine Lagarde's remarks place the novel coronavirus on the same level of menace to growth as trade tensions and geopolitical flashpoints

A military personnel (Front) sits in coach transporting Italian citizens (Rear) repatriated from the coronavirus hot-zone of Wuhan, leaves the Mario De Bernardi military airport in Pratica di Mare, south of Rome, on February 3, 2020 after landing from China, to be placed in quarantine at the nearby Cecchignola center. (Photo by Andreas SOLARO / AFP)

'Never give up,' ECB's Draghi says on monetary policy legacy

Oct 24, 2019 - 11:53 PM

'Certainly this experience has been very intense, profound and fascinating, I take this with me,' says outgoing European Central Bank chief Mario Draghi

OUTGOING. Mario Draghi, president of the European Central Bank, leaves a press conference following the meeting of the Governing Council in Frankfurt am Main, western Germany, on October 24, 2019. Photo by Daniel Roland/AFP

Rupiah hari ini: Menguat karena investor asing tingkatkan kepemilikan saham dan obligasi

Oct 23, 2015 - 7:07 PM

Ada arus masuk modal yang memberikan dukungan bagi rupiah di tengah asumsi kenaikan suku bunga acuan AS yang belum pasti

RUPIAH MENGUAT. Tumpukan uang pecahan Rp 50.000 di salah satu tempat penukaran uang di Jakarta, 25 Agustus 2015. Foto oleh Mast Irham/EPA

ECB speculation sends Asia stocks surging, euro sinks

Oct 23, 2015 - 5:09 PM

Regional investors were set to end another week on a positive note extending an October rally that has been fueled by hopes for more monetary easing from key central banks

ASIA STOCKS SOAR. The European Central Bank's hint at fresh stimulus measures sent Asia stock markets and emerging currencies surging. Photo by EPA

Germany skeptical over Greek bailout deal backing despite Tsipras confidence

Aug 13, 2015 - 10:31 AM

As eurozone ministers prepared to examine the accord in Brussels on Friday August 14 Tsipras says he is confident the 400 page document will be approved

'A LOT WORSE BEFORE IT GETS BETTER.' Luca Paolini, Pictet Asset Management’s chief strategist in London, says 'there are still critical risks to be resolved'

Greece reaches deal on third bailout with creditors

Aug 11, 2015 - 4:07 PM

Finance Minister Euclid Tsakalotos: We are very close There are a couple of very small details remaining on prior actions

IN TATTERS. A ripped off Greek national flag flutters in central Athens on July 22, 2015. Louisa Gouliamaki/AFP

Greek PM calls party congress on bailout in September

Jul 30, 2015 - 11:36 PM

Tsipras is under pressure from a sizeable minority of Syriza members who say the agreement signed with international creditors goes against the government s anti austerity promises

Greece prepares to reopen Athens stock market

Jul 29, 2015 - 2:31 AM

The aim was to protect the banking sector which is seen huge withdrawals over the past six months

GREEK ECONOMY. A boy holds a Greek national flag as people celebrate in front of the parliament on July 5, 2015 in Athens. AFP file photo

A frosty welcome for Greece's hated creditors

Jul 27, 2015 - 1:13 PM

The IMF EU and ECB became a widely loathed emblem of the painful austerity demanded by Greece s creditors in return for two previous bailouts cuts many say brought the country s economy to its knees

IN TATTERS. A ripped off Greek national flag flutters in central Athens on July 22, 2015. Louisa Gouliamaki/AFP

Greece asks for fresh IMF aid in step closer to bailout

Jul 25, 2015 - 8:42 AM

In his letter to IMF Finance Minister Euclid Tsakalotos notes that Greek parliament has passed two laws enshrining a series of tough reforms demanded by the creditors including tax rises and a pensions overhaul

HELP. A file photo dated 18 May 2011 showing the sign of the International Monetary Fund at the entrance of the Headquarters of the IMF, also known as building HQ2, in Washington, DC, USA. File photo by Jim Lo Scalzo/EPA

Greece passes second crucial bailout bill

Jul 23, 2015 - 8:25 AM

UPDATED The bill passes by a resounding 230 votes out of the 298 members of parliament present after a marathon debate stretching into the early hours that nonetheless exposed deep divisions in the governing Syriza party

APPEAL. Greek Prime Minister Alexis Tsipras delivers his speech during a parliamentary session in Athens, Greece July 22, 2015. Yannis Kolesidis/EPA

Greece to vote on second bailout bill in test for Tsipras

Jul 22, 2015 - 1:05 PM

Analysts say it will nonetheless prove a test of whether Tsipras can avoid a split within Syriza that could fell his fragile coalition government

CALM. People sit outside the Greek parliament in Athens on July 21, 2015. Louisa Gouliamaki/AFP

Financial reboot: Banks reopen in Greece after 3-week shutdown

Jul 20, 2015 - 3:42 PM

UPDATED The head of the Greek bank association urges citizens to bring their savings back to the banks

OPEN FOR BUSINESS. People enter a bank in central Athens on July 20, 2015.Louisa Gouliamaki/AFP

EU approves emergency loan to Greece

Jul 17, 2015 - 10:55 PM

The EU approves a short term loan of 7 16 billion euros to Greece allowing it to meet a huge payment to the ECB and repay the IMF while a new bailout is still being ratified

WAITING. A pensioner leans against the gate of the National Bank of Greece as he waits to withdraw money, with a maximum of 120 euros, in Athens July 7, 2015. Photo by Angelos Tzortzinis / AFP

ECB, Eurogroup give Greece breathing space after Athens vote

Jul 17, 2015 - 12:29 AM

Athens fails to make a key debt repayment to the International Monetary Fund and its next debt deadline is a 4 2 billion euro payment to the ECB on July 20

epa04573327 A picture taken with a wiping effect shows the 'Euro' sign shines bright in Frankfurt, Germany, 20 January 2015. Financial experts are eagerly expecting the announcement of the European Central Bank (ECB) to acquire state bonds on a large scale after an†ECB meeting to be held on 22 January. EPA/BORIS†ROESSLER

Asian markets slip on Greece vote, Shanghai volatile again

Jul 06, 2015 - 8:42 PM

‘The euro was created based on this great dream of a unified Europe and if they withdraw from the euro then the whole system is going to come into question ’ analyst says

Greece makes progress but warns of cash crunch

May 12, 2015 - 12:45 PM

Greek Finance Minister Yanis Varoufakis admits Athens faces an imminent crisis

An illustration photo of an artpiece made of cut out Greek euro coins, in Frankfurt/Main, Germany, February 23, 2015. Boris Roessler/EPA

Cyprus banks to stay shut as world markets take fright

Mar 26, 2013 - 8:29 AM

Finance Minister Michael Sarris had made the decision ensure the smooth functioning of the entire banking system

A man withdraws money from an ATM in the Cypriot capital of Nicosia on March 16, 2013. AFP PHOTO/YIANNIS KOUTOGLOU

Cyprus sacrifices top banks to resurrect EU bailout

Mar 25, 2013 - 8:26 AM

Fierce negotiations to resurrect a deal for the EU and the IMF to bail out Cyprus appeared to be bearing fruit early on Monday says Cyprus president

Cyprus bailout talks go to wire as deadline looms

Mar 24, 2013 - 4:04 PM

Cypriot leaders face a make or break meeting of eurozone finance ministers on Sunday evening their last chance to get a deal

Cyprus seeks Russia's help after deposit tax fails

Mar 20, 2013 - 2:43 PM

Cypriot Finance Minister Michalis Sarris will seek Russian assistance after his island s parliament rejected the terms of an EU IMF bailout that slapped an unprecedented levy on bank accounts

Furious Cyprus MPs reject controversial bank tax

Mar 20, 2013 - 9:04 AM

Angry MPs on Tuesday March 19 rejected a divisive levy on bank accounts as part of a bailout aimed at saving Cyprus from bankruptcy

Eurozone to Cyprus: ditch tax on smallest accounts

Mar 19, 2013 - 10:15 AM

The statement came after Cyprus baulked at putting the EU bailout to a vote in parliament as the crippling terms sparked a public outcry and mounting talk of a rethink by eurozone creditors

People withdraw money from a cash-point machine in the Cypriot capital Nicosia on March 17, 2013. AFP PHOTO BARBARA LABORDE

Bank levy 'least painful' option for Cyprus: president

Mar 18, 2013 - 7:39 AM

President Nicos Anastasiades: I chose the least painful option and I bear the political cost for this in order to limit as much as possible the consequences for the economy and for our fellow Cypriots

People withdraw money from a cash-point machine in the Cypriot capital Nicosia on March 17, 2013. AFP PHOTO BARBARA LABORDE

Spanish leader says no need for bailout for now

Oct 29, 2012 - 10:45 PM

Spanish PM Mariano Rajoy said a bailout is not essential to defend the interests of the Spanish people

Spanish Prime Minister Mariano Rajoy (L) and his Italian counterpart Mario Monti (R) gather for a family picture during a Spain and Italy summit at the Moncloa Palace in Madrid on October 29, 2012. AFP PHOTO/ JAVIER SORIANO

Greece to start crunch talks with 'troika' creditors

Oct 01, 2012 - 4:06 PM

Greece s international creditors are are to decide whether the cuts are sufficient to unlock 31 5 billion euros 40 5 billion in frozen loans under the country s bailout

'Worst is over' in eurozone debt crisis: ECB chief

Mar 22, 2012 - 4:53 PM

The worst is over in the eurozone debt crisis but risks remain and it is up to governments to resolve them says European Central Bank chief Mario Draghi