EUROPEAN CENTRAL BANK

France Wants EU Growth Package Worth ?120B This Year

French President Francois Hollande gestures during a news conference with Italian Prime Minister Mario Monti at the Chigi palace in Rome
With French President Francois Hollande's Socialist Party appearing likely to cement its hold on the country's government in elections on Sunday, the Journal du Dimanche has reported that France wants the European Union to agree on growth-boosting measures worth ?120 billion ($151 billion) this year.
More news
Rajoy

Spain Becomes Fourth Bailed-Out Country In 17-Nation Euro Zone

Spanish officials appeared hesitant to recognize the reality of their country's situation on Saturday as the nation agreed to accept as much as ?100 billion ($125 billion) in a bailout of its cash-strapped financials sector by one or both of the euro zone's rescue funds.
The Bank of Italy building is seen downtown Milan

Italian Banks Primed To Blow Up

Italian banks appear close to joining Spanish banks as the euro zone's latest contribution to the financial world's endangered species list.
IBTimes Logo

Hong Kong Shares Gain On Easing Hopes, China Down

Hong Kong shares advanced Thursday, following solid gains on Wall Street overnight on hopes that major central banks including the US Federal Reserve might act to tackle deteriorating global economic conditions.
An investor reads a newspaper with a magnifying glass in front of an electronic board showing stock information at a brokerage house in Huaibei, Anhui province April 5, 2012.

Asian Markets Rise On US, European Stimulus Hopes

Asian markets rose Thursday amid hopes that the U.S. Fed would announce another round of monetary easing and European policy makers would take concrete measures to tackle the debt crisis looming over the euro zone.
IBTimes Logo

Spain Plans High-Stakes Bond Sale

Spain will attempt Thursday to sell as much as 2 billion euros ($2.5 billion) of bonds at interest rates expected to be dangerously high.
IBTimes Logo

ECB Leaves Interest Rate Steady

The European Central Bank on Wednesday left its benchmark interest rate steady for the sixth consecutive month, keeping pressure on European politicians to more forcefully address the continent's deteriorating finances.
IBTimes Logo

Asian Shares Edge Up; All Eyes On Europe

Asian shares nudged up Wednesday but were capped by concerns that Europe's financial strains could intensify without a global response, as Spain warned that it was being shut out of credit markets.
IBTimes Logo

ECB To Keep Pressure On Governments, Could Signal Rate Cut

The European Central Bank is expected to hold back from policy moves when it meets on Wednesday, instead urging governments to address the euro zone's crisis, but it could indicate a readiness to cut interest rates as early as next month given a weakening economy and Spain's banking troubles.
ecb_hq.jpg

Euro Zone To Fall Into Recession In 2Q, But Will ECB Ride To Rescue?

The euro zone avoided recession with zero growth in the first quarter, but it seems to have run out of luck. Recent data out of the single currency bloc has led economists to conclude with confidence that a recession is looming and the European Central Bank may not act Wednesday.
Prime Minister Mariano Rajoy

Spain's PM: Fiscal Union + Monetary Union = New Euro Zone

Spanish Prime Minister Mariano Rajoy proposed on Saturday that the 17 countries in the euro zone create a common fiscal authority, with each surrendering a significant amount of its national sovereignty to send a signal to financial markets about the certainty of their single-currency experiment.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.