Germany's Bundesbank head says that the ECB cannot solve the current Eurozone crisis. According to Bundesbank Chief Jens Weidmann, the European Central Bank cannot solve the current Euro Zone crisis.
Tags: European Central Bank
A look at inside Germany's trillion euro banking blind spot
The banking system of Germany had increased the need for reforms that are seen to be very difficult to accomplish by any new government.
ECB supervision to be operational by January 2014 according to Mersch
Yves Mersch, ECB board member, projected the completion of the staff complement for the regulatory authority by late 2014.
World share prices rise; central banks' recovery-friendly policies seen to remain
Prices of world shares and commodities rose Thursday, suggesting recovery in the global economy. Prices of world shares and commodities rose Thursday, suggesting recovery in the global economy.
Praet: ECB's rates to remain low while inflation is moderate
ECB's executive board member said that the bank's interest rates would remain the same as long as inflation stays moderate.
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Asian stock became cautious while the European Central Bank held a summit and US payrolls report loomed.
Asian stocks were swept up by Europe's rally while Euro continued to sulk. On Friday, Asian stocks increased as Euro tended its losses. This transpired after Europe's two most influential banks assured venture capitalists.
Spain is planning to sell 15 year syndicated debt in light of the low yields of previous issues. Spain, in a bid to increase its liquidity, is planning to issue a 15 year bond sale through chosen banks this year.
Company earnings, because of ECB actions, is not a true test of viability. Company earnings was once a useful barometer as to a firm's European share price performance as more and more classes break up.
ECB cuts interest rates to nearly zero to help bank liquidity amidst the current Eurozone recession.
Lloyds pay back Eur3.5 billion of LTRO received from ECB. Lloyds Banking Group had announced that by next week, it would be paying the remaining Eur3. 5 billion or US$4.
Different bonds from Euro countries registered different results, but overall ECB stands to help region recover.
