European Central Bank (ECB)
ECB statement on Wim Duisenberg's death
The European Central Bank released a statement on Sunday 31 July following news of the death of former ECB president Wim Duisenberg.
Former ECB president found dead
Wim Duisenberg, former president of the European Central Bank, was found dead on Sunday 31 July at his villa in the south of France.
Systemic risk in alternative payment system design
This European Central Bank Working Paper analyses the consequences of an isolated, sudden and unexpected failure of a bank in alternative interbank payment system designs.
Germany's Clement says ECB rate cut overdue
German Economy Minister Wolfgang Clement has criticised the European Central Bank for failing to give the region's economy a boost by cutting rates at a time when conditions would have been more easily able to cope with relaxation of monetary policy.
ECB paper on rules for a currency union
The ECB Working Paper "Fiscal and monetary rules for a currency union" published on Thursday 21 July addresses the question of the joint conduct of fiscal and monetary policy in a currency union.
ECB's Paramo says Q2 growth likely below Q1
European Central Bank Executive Board Member Jose Manuel Gonzalez-Paramo said in an interview published on Monday 25 July that the eurozone economy probably grew slightly less in the second quarter of this year than in the first, but longer term it…
Luxembourg's Mersch indicates unchanged ECB rate
European Central Bank Governing Council member and Luxembourg central bank president Yves Mersch indicated in an interview the ECB will keep its key rates unchanged despite higher oil prices.
Trichet on the financial services policy 2005-2010
In the speech 'Financial services policy 2005-2010: the ECB's view' given on 18 July, Jean-Claude Trichet of the ECB said that international agreement would be needed before regulations are imposed on the hedge fund industry.
Austria's Grasser says ECB criticism unhelpful
Austrian Finance Minister Karl-Heinz Grasser said in an interview that criticism of the European Central Bank by some eurozone countries is diverting attention away from Europe's real economic problems.
Gonzalez-Paramo on outlook for financial stability
In the speech 'The outlook for financial stability in the euro area' given on 14 July, Jose Manuel Gonzalez-Paramo of the ECB said there is still a risk of a disruptive correction of the large US current account deficit.
ECB Monthly Bulletin, July 2005
The European Central Bank published its July 2005 Monthly Bulletin on Thursday 14 July. The report said there is not yet any sign that a sustained economic recovery has started in the euro zone.
ECB's Gonzalez-Paramo on European Monetary Union
In the speech 'European Monetary Union. Where do we stand?' given on 13 July Jose Manuel Gonzalez-Paramo of the ECB said judging from the experience to date, the euro currency has been an unquestionable success - euro area price stability being the best…
Trichet's deep sympathy at London bomb blasts
European Central Bank president Jean-Claude Trichet said on Thursday 7 July that he does not expect the multiple bomb blasts in London to have any significant impact on the euro zone or UK economies.
ECB Paper on GCC regional monetary integration
The Gulf Cooperation Council (GCC) plans to introduce a single currency by 2010 in its six member states. This paper focuses on selected macroeconomic and institutional issues and key policy choices which are likely to arise during the process of…
ECB's Trichet on the eurozone economy
In a speech to the European Parliament given on 4 July Jean-Claude Trichet of the ECB said the bank projects inflation to be between 1.8 per cent and 2.2 per cent this year and between 0.9 per cent and 2.1 per cent in 2006, adding that "upside risks to…
Bank of Spain chief rejects ECB rate criticism
Bank of Spain governor and ECB board member Jaime Caruana denied criticism that current interest rates in Europe represent an obstacle for economic growth, Expansion reported, citing an interview with Caruana.
Trichet calls for consensus on hedge funds
European Central Bank president Jean-Claude Trichet said in a speech on Wednesday 6 July that the EU and US need to reach a consensus on the regulation of hedge funds before additional regulations are introduced.
EU Parliament rejects ECB report over rate stance
MEPs rejected a report praising the European Central Bank's interest rate policy on Tuesday, saying the ECB was focusing too narrowly on stability and ignoring the need for growth.
ECB's Gonzalez-Paramo on monetary policy
In the speech 'The European Central Bank's monetary policy in an international context: principles and challenges' given on 23 June, Jose Manuel Gonzalez-Paramo of the ECB said there is no doubt in his mind that a monetary policy strategy based on a…
ECB's Trichet on monetary policy in EMU
In the speech 'Monetary policy in EMU - views and challenges' given on 24 June Jean-Claude Trichet of the ECB said slow growth rates in some euro zone countries may reflect poor competitiveness and economic rigidities, rather than the normal divergences…
ECB's Trichet on international financial system
In the speech 'Reflections on the international financial system' given on 21 June, Jean-Claude Trichet of the ECB said that the widening current account deficit in the United States posed a big threat to global growth.
ECB policy not enough to spur growth says Garganas
Bank of Greece governor Nicholas Garganas said on Friday 24 June that European Central Bank monetary policy has performed well but is not enough to spark growth.
ECB's Trichet on EMU and member countries
In closing remarks at the ECB Workshop "What effects is EMU having on the euro area and its member countries" on 17 June ECB president Jean-Claude Trichet stressed the importance of a more competitive economy in the eurozone, reminding member states of…
Opening remarks to the ECB's Workshop
In introductory remarks to the ECB's Workshop given on 17 June Gertrude Tumpel-Gugerell of the ECB said more cross-border mergers in the financial sector are likely to take place in Europe in the future, partly driven by the limits reached in domestic…