Mario Draghi: Structural reforms needed as growth is “too low everywhere” May 22, 2015 European governments must increase efforts to adopt structural reform if “lasting stability and prosperity” is to return to the Eurozone, Mario Draghi has said today. Reforms were needed to avoid future shocks to the system, making resilience “part of our common DNA”, he said in a speech at the start of the ECB’s annual [...]
Euro falls below 1.2 against the dollar as ECB hints it will ramp up QE May 19, 2015 The euro fell back below $1.12 today, after a European Central Bank (ECB) policymaker hinted that the Bank is preparing to ramp up its bond-buying programme before the summer. By mid-afternoon in New York, the currency had fallen 1.42 per cent to $1.1154 – the first time it has dropped below the $1.12 mark since [...]
ECB Executive Board Member Yves Mersch says QE stimulus won’t end early May 16, 2015 European Central Bank executive board member Yves Mersch has said it won't be ending its government bond buying programme prematurely, echoing comments made by boss Mario Draghi earlier this week. Mersch further dampened speculation the central bank's €1.1 trillion stimulus package would end early, saying this would cast doubts on its growth forecasts for the euro [...]
Kevin Pietersen could sue over ECB row, say lawyers May 15, 2015 Controversial batsman Kevin Pietersen could take legal action against the England and Wales Cricket Board (ECB) over claims that he was misled regarding his chances of earning an international recall, according to leading sports lawyers. Pietersen has alleged that he was “deceived” by incoming ECB chairman Colin Graves, arguing that he was told there [...]
Mario Draghi: Beware risks from surge in money printing May 14, 2015 Printing money can cause turbulence in financial markets, and could cause wealth inequalities to rise, European Central Bank (ECB) boss Mario Draghi warned yesterday. But the ECB President said that failing to act could be even more dangerous, and promised to carry on with ultra-low interest rates and quantitative easing “as long as needed for [...]
Pietersen slams ECB betrayal May 12, 2015 ■ Batsman said to have lost £250,000 ■ Strauss offered him ODI adviser role ENGLAND exile Kevin Pietersen last night accused cricket bosses of betrayal after the maverick batsman was told he will not be considered for an international recall this summer. Pietersen believes he was promised a route back into the England reckoning if [...]
ECB raises emergency loan limit to £57bn for Greek banks May 12, 2015 The European Central Bank (ECB) has raised its emergency loan limit for Greek banks by €1.1bn (£0.8). The Emergency Liquidity Assistance lifeline, which is provided by the Bank of Greece, is now worth €80bn (£57bn). The decision to raise the level was passed by the ECB's governing council today, and comes a day [...]
Super Mario Draghi: Age of unwinding? – CNBC Comment May 4, 2015 THE PAST few years have seen central banks invested with almost super hero-like powers. Super Mario Draghi might not be one of the characters in Avengers: Age of Ultron, but his powers are almost as impressive as Iron Man’s. And has Iron Man ever pumped so much money into the Eurozone’s financial system that he [...]
Greek debt deadline: Mario Draghi urges Greece to hurry as default looms April 20, 2015 European Central Bank chief Mario Draghi has said the Greek government needs to do more work and do it urgently to conclude a deal on extra bailout cash. “More work, much more work is needed now and it’s urgent,” he said at the International Monetary Fund (IMF)-World Bank spring meetings in Washington. “We all want [...]
ECB President Mario Draghi warns Greek bailout deal is “urgent” April 19, 2015 European Central Bank (ECB) president Mario Draghi has warned the negotiations around Greece's €240bn (£181bn) bailout program are "urgent" and a default by the cash-strapped country would push the region into "uncharted territory". "Much more work is needed now, and it's urgent," he said at the International Monetary Fund – World Bank spring meeting in Washington. [...]