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Analysis: America to Europe: Stronger banking union would help boost growth

By Jason Lange BERLIN (Reuters) - The United States has a message for Europe: If you want to help your ailing economy, consider pledging taxpayer money from across the euro zone to help troubled banks. Washington dispatched Treasury Secretary Jack Lew this week to Paris, Berlin and Lisbon in part to convey concerns about the euro zone's need to revitalize banks crippled by a debt crisis.

European Central Bank chief sees improvement in Europe, says he faced 'perverse' German angst

BERLIN - The European Central Bank's president says Europe's economy is showing encouraging signs though the crisis isn't yet over — and he says he has faced "perverse angst" among Germans, whose country is the eurozone's most powerful member. The 17-nation eurozone is gradually recovering from recession. With inflation low, the ECB's benchmark interest rate is a record-low 0.25 per cent.

Germany confirms Lautenschlaeger for ECB board seat

BERLIN (Reuters) - Germany wants Bundesbank Vice President Sabine Lautenschlaeger to fill the seat on the European Central Bank's (ECB) executive board that is being vacated by Joerg Asmussen, a German government spokesman confirmed on Tuesday. (Reporting by Andreas Rinke; Writing by Noah Barkin)

ECB says Nouy appointed as head of banking supervisor

FRANKFURT (Reuters) - Daniele Nouy has been appointed to head the euro zone's new banking watchdog at the European Central Bank, the ECB said on Monday, in a step towards closer financial integration in the bloc. Nouy will head the new institution being set up as part of a push for banking union which also requires a single mechanism to wind down non-viable banks to strengthen the financial system so it can weather potential future crises.

Asmussen takes job as deputy Labour Minister in new German government

By Annika Breidthardt BERLIN (Reuters) - Joerg Asmussen said on Sunday that he would quit his job as an executive board member of the European Central Bank in Frankfurt to accept a Deputy Labour Ministry job in the new German government for "purely private family reasons". Asmussen, a member of the centre-left Social Democrats (SPD), was a highly regarded deputy Finance Minister in Berlin between 2008 and 2011 before being appointed to the ECB Executive Board by Chancellor Angela Merkel in 2012.

ECB's Jazbec finds negative rates 'difficult concept'

By Laura Noonan and Matt Robinson LJUBLJANA (Reuters) - Charging banks to deposit money at the central bank is a "very difficult concept" and any move in that direction is "very far away", European Central Bank Governing Council member Bostjan Jazbec said on Friday. Jazbec, who also runs the Slovenian central bank, also said in a Reuters interview that there was no reason right now to take extreme measures.

Loan repayments surge, put pressure on ECB

FRANKFURT (Reuters) - Banks will return a massive 22.65 billion euros ($31.15 billion) of crisis loans early to the European Central Bank next week, the ECB said on Friday, putting pressure on money-market rates and on the ECB to ease its policy. The amount is the highest weekly repayment since February, when banks had the first chance to pay back funds from the second 3-year loan. It will result in less money sloshing in the system, as banks are getting get into shape for an upcoming balance sheet review.

New ECB loans must reach real economy

The European Central Bank must make sure that any new liquidity it pumps into the financial system really reaches businesses, ECB chief Mario Draghi said on Thursday. Small and medium-sized enterprises (SMEs) in the euro area "are struggling," Draghi told a plenary session of the European Parliament in Strasbourg, broadcast live on the Internet. "They don't have credit and don't ask for credit," he said. In a bid to rev up still sluggish recovery in the euro area, the ECB has cut its interest rates to a new all-time low of 0.25 percent.

EU nations agree rules on bank bailouts

EU nations agreed new rules for bank bailouts or "bail-ins" late Wednesday, to save taxpayers from paying for the rescue of ailing financial institutions.

European Union set to fast-track rules hitting bank creditors

By John O'Donnell BRUSSELS (Reuters) - Bondholders and large depositors in a failing European bank face losses from the start of 2016, European Union negotiators agreed on Wednesday, in a deal to spare taxpayers from further bailouts. The law, if approved by EU ministers, will make losses for senior bondholders and large savers a permanent feature of the bloc's response to banking crises and mark another milestone in the reform of an industry that triggered economic turmoil.
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