European Central Bank (ECB)
Eurozone cbs well prepared for financial crisis
The European Central Bank said Monday 6 November a series of "stress testing" exercises have shown that eurozone central banks are well prepared to cope with a financial crisis.
EU's Almunia says Cyprus, Malta meet euro criteria
EU economic and monetary affairs commissioner Joaquin Almunia said Monday 6 November after the publication of a report that Cyprus and Malta will be ready to join the eurozone by 2008.
Financial integration of new EU Member States
The ECB Working Paper "Financial integration of new EU Member States" assesses the degree of financial integration for a selected number of new EU member states between themselves and with the euro zone.
Trichet maintains expectations of rate hike
Speaking at the post-meeting press conference on Thursday 2 November European Central Bank president Jean-Claude Trichet endorsed market expectations of a further ECB interest rate hike at its December meeting.
ECB's Bini Smaghi on monetary, financial stability
In the speech 'Monetary and financial stability: Challenges in South-Eastern Europe' given on 30 October Lorenzo Bini Smaghi of the ECB said financial sector reforms in China and other emerging Asian economies can play a key role in reducing their large…
ECB's Gonzalez-Paramo on statistical challenges
In the speech 'Statistical challenges raised by globalisation' given on 24 October Jose Manuel Gonzalez-Paramo of the ECB said globalisation clearly requires an intensification of the cooperation between statistics compilers.
Central banks facing effects of money glut
According to this article published Monday 30 October by Bloomberg News, central bankers may have new asset bubbles and inflation risks on their hands without further tightening.
Gonzalez-Paramo on Europe's monetary union
In the speech 'Europe's monetary union in practice' given on 27 October Jose Manuel Gonzalez-Paramo of the ECB said monetary policy cannot offset short-term changes in inflation from shocks to the economy such as changes in oil prices.
ECB's Stark concerned over govts' fiscal targets
European Central Bank board member Juergen Stark said in a speech on Thursday 26 October that the ECB is worried that some eurozone countries will miss their fiscal targets this year.
ECB's Bini Smaghi on monetary tightening
In the speech 'Three questions on monetary tightening' given on 26 October Lorenzo Bini Smaghi of the ECB said central banks face a difficult task in deciding when to stop tightening monetary policy.
Trichet on the ECB's Annual Report 2005
In a presentation of the ECB's Annual Report 2005 to the European Parliament on 26 October Jean-Claude Trichet of the ECB said reiterated that further tightening of ECB monetary policy will be warranted if the eurozone recovery continues in line with its…
ECB report on EU banking structures
The European Central Bank (ECB) published its annual report on EU banking structures on Thursday 26 October. The report, which has been published each year since 2002, reviews the main structural developments in the EU banking sector in 2005 and until…
ECB report on supervisory structures
The European Central Bank's "Recent developments in supervisory structures in EU and acceding countries" report finds that at EU level, the period 2003-06 was characterised by an intensified effort to strengthen cooperation among supervisory authorities.
France's Breton hopes for ECB rate pause
French finance minister Thierry Breton said in an interview published Wednesday 25 October he hopes for a halt to interest rate hikes by the European Central Bank next year.
Labour productivity developments in the euro area
This European Central Bank Occasional Paper provides a description and a discussion of some important aspects relating to recent productivity developments in the euro area.
ECB paper on public sector procurement legislation
The ECB Working Paper "National central banks and Community public sector procurement legislation: a critical overview" finds that an examination of the Public Sector Procurement Directive reveals no substantive grounds on which to argue that NCBs should…
Tumpel-Gugerell on Europe's financial sector
In the speech 'Building the future - Integrating Europe's financial sector' given on 23 October Gertrude Tumpel-Gugerell of the ECB said the ECB will only pursue plans for its own securities settlement system if it can offer much lower settlement fees…
ECB's Wellink says rates still 'very low'
European Central Bank council member Nout Wellink said in an interview published Monday 23 October interest rates in the euro region are ``very low'' and the speed of economic growth could risk fueling inflation.
ECB should not look far ahead on rates - IMF
IMF chief economist Raghuram Rajan warned the European Central Bank on Wednesday 18 October not to have a predetermined plan for further increases in eurozone rates but to base decisions on economic data.
ECB 'attentive' to inflation risk- Gonzalez-Paramo
ECB board member Jose Manuel Gonzalez-Paramo refused to contradict market expectations of another eurozone rate hike in December, Expansion reported on Thursday 19 October.