Connect to share and comment

Draghi says wants ECB minutes published: paper

FRANKFURT (Reuters) - European Central Bank President Mario Draghi said he wants to begin publishing the minutes of ECB Governing Council meetings, which until now have been kept secret, a German newspaper said on Tuesday. "I regard that as a necessary next step," Draghi told the Sueddeutsche Zeitung, which posted its story in its online edition. "Therefore the ECB Executive Board will present a corresponding proposal to the ECB Governing Council for discussion and a decision."

Report: top European Central Bank officials argue that bank should publish minutes of meetings

FRANKFURT - Two top European Central Bank officials are arguing that the bank should join peers such as the U.S. Federal Reserve and the Bank of England in publishing minutes of its policy-setting meetings. ECB executive board member Benoit Coeure said in an interview published Monday by German daily Sueddeutsche Zeitung and France's Le Figaro that he favours publishing minutes because people want transparency and accountability.

European stocks edge higher after strong rally

Europe's main stock markets edged higher in opening deals on Friday, after surging the previous day as the European Central Bank and the Bank of England both signalled they would keep interest rates low for an extended period. Investors were also on tenterhooks ahead of crucial non-farm payrolls data in the United States, which is the world's biggest economy. In opening trade, London's benchmark FTSE 100 index firmed 0.06 percent to 6,425.38 points, Frankfurt's DAX 30 rose 0.20 percent to 8,010.44 points and in Paris the CAC 40 added 0.04 percent to reach 3,810.73 points.

Portugal 'is in safe hands": ECB's Draghi

Portugal has made "outstanding" progress with reforms and is currently "in safe hands", after the resignation of finance minister Vitor Gaspar, European Central Bank chief Mario Draghi said on Thursday. The results achieved have been "quite significant, remarkable, if not outstanding," Draghi told a news conference. The ECB was "assured by the new minister" Maria Luis Albuquerque and "Portugal is in safe hands," Draghi said. spm/fz/hd

European stocks slump as Portugal rocked by crisis

European stock markets fell sharply on Wednesday, with shares in Portugal collapsing by almost seven percent as the debt-plagued nation was gripped by a political crisis. In afternoon trade, Lisbon's key PSI 20 index of leading shares plunged 5.45 percent to 5,168.20 points, following the resignation of two ministers over austerity policies. In neighbouring Spain, Madrid's IBEX 35 index nosedived more than three percent before recovering some ground to a 1.81-percent fall to 7,743.80 points.

European stocks slump as Portugal rocked by crisis

European stock markets fell sharply on Wednesday, with shares in Portugal collapsing by almost seven percent as the debt-plagued nation was gripped by a political crisis. In morning trade, Lisbon's key PSI 20 index of leading shares plunged 6.55 percent to 5,168.20 points, following the resignation of two ministers over austerity policies. In neighbouring Spain, Madrid's IBEX 35 index nosedived 3.15 percent to 7,638.2.

Italian Treasury denies public finances are at risk from derivatives deals signed years ago

MILAN - The Italian Treasury said Wednesday that derivatives contracts it signed years ago pose no threat to state finances, a response to news reports claiming it risks losing 8 billion euros ($10.5 billion). Italian financial authorities also denied that Italy had used the potentially risky financial instruments at the end of the 1990s to help the country meet criteria for admission to the euro currency union.

ECB's Draghi says sees gradual, but fragile, recovery

PARIS (Reuters) - The European Central Bank President Mario Draghi is expecting the euro zone recovery to be gradual, yet fragile, he said on Wednesday, pointing to continued downside risks to growth. Draghi stuck to the ECB's mantra that the euro zone economy would start to improve in the second part of the year. "We see a gradually recovery picking up by the year end and continuing next year... The risks are still on the downside," Draghi told committees in the French lower house of parliament.

ECB chief defends controversial bond purchase scheme

European Central Bank chief Mario Draghi defended one of his key anti-crisis measures on Monday, saying it did not overstep the bank's mandate. Speaking on German television a day before Germany's highest court was scheduled to examine the controversial OMT bond purchase programme, Draghi rejected concerns that the scheme was effectively a way of printing money to pay for government debts. "It will only come into action if confidence in the euro fails, not to finance states," Draghi told ZDF public television.

Draghi says high debt countries must not row back on budget goals

ROME (Reuters) - The euro zone must keep control of its public finances and high debt countries in particular must not reverse budget reforms, European Central Bank President Mario Draghi said on Monday. In a speech delivered in Rome, Draghi addressed growing concern among governments and policymakers at the social strains appearing in many countries as efforts to contain the bloc's sovereign debt crisis crush economic growth. But he said there could be no prospect of sustainable growth without sound public finances.
Syndicate content