European Central Bank president Mario Draghi tells European Parliament ball lies “squarely” in Greece’s court June 15, 2015 European Central Bank chief Mario Draghi said today that the ball lies in Greece's court, during a testimony before the European Parliament's Economic and Monetary Affairs Committee, after talks stalled last night. "While all actors will now need to go the extra mile, the ball lies squarely in the camp of the Greek government to take [...]
S&P: Greek non-payment to ECB “wouldn’t mean default” June 15, 2015 If Greece fails to repay €6.7bn (£4.8bn) worth of bonds held by the European Central Bank (ECB) at the end of July, this will not constitute a default, at least under criteria from credit ratings agency Standard & Poor's (S&P). Read more: With no deal on the cards, would the Eurozone be able to contain contagion from Greek [...]
Bonds rocked again after Mario Draghi’s volatility warning June 4, 2015 European traders faced extraordinary levels of volatility yesterday, just a day after European Central Bank (ECB) chief Mario Draghi’s warning that markets should “get used to it”. The volatility of the German bund, an interest-paying IOU from the German government, was the biggest surprise, given that it is one of the more stable bonds. The [...]
Mario Draghi: Structural reforms needed as growth is “too low everywhere” May 22, 2015 European governments must increase efforts to adopt structural reform if “lasting stability and prosperity” is to return to the Eurozone, Mario Draghi has said today. Reforms were needed to avoid future shocks to the system, making resilience “part of our common DNA”, he said in a speech at the start of the ECB’s annual [...]
Euro falls below 1.2 against the dollar as ECB hints it will ramp up QE May 19, 2015 The euro fell back below $1.12 today, after a European Central Bank (ECB) policymaker hinted that the Bank is preparing to ramp up its bond-buying programme before the summer. By mid-afternoon in New York, the currency had fallen 1.42 per cent to $1.1154 – the first time it has dropped below the $1.12 mark since [...]
ECB Executive Board Member Yves Mersch says QE stimulus won’t end early May 16, 2015 European Central Bank executive board member Yves Mersch has said it won't be ending its government bond buying programme prematurely, echoing comments made by boss Mario Draghi earlier this week. Mersch further dampened speculation the central bank's €1.1 trillion stimulus package would end early, saying this would cast doubts on its growth forecasts for the euro [...]
Kevin Pietersen could sue over ECB row, say lawyers May 15, 2015 Controversial batsman Kevin Pietersen could take legal action against the England and Wales Cricket Board (ECB) over claims that he was misled regarding his chances of earning an international recall, according to leading sports lawyers. Pietersen has alleged that he was “deceived” by incoming ECB chairman Colin Graves, arguing that he was told there [...]
Mario Draghi: Beware risks from surge in money printing May 14, 2015 Printing money can cause turbulence in financial markets, and could cause wealth inequalities to rise, European Central Bank (ECB) boss Mario Draghi warned yesterday. But the ECB President said that failing to act could be even more dangerous, and promised to carry on with ultra-low interest rates and quantitative easing “as long as needed for [...]
Pietersen slams ECB betrayal May 12, 2015 ■ Batsman said to have lost £250,000 ■ Strauss offered him ODI adviser role ENGLAND exile Kevin Pietersen last night accused cricket bosses of betrayal after the maverick batsman was told he will not be considered for an international recall this summer. Pietersen believes he was promised a route back into the England reckoning if [...]
ECB raises emergency loan limit to £57bn for Greek banks May 12, 2015 The European Central Bank (ECB) has raised its emergency loan limit for Greek banks by €1.1bn (£0.8). The Emergency Liquidity Assistance lifeline, which is provided by the Bank of Greece, is now worth €80bn (£57bn). The decision to raise the level was passed by the ECB's governing council today, and comes a day [...]