Correspondent, Brussels
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Dec 4, 2014

Draghi says will not allow dissenters to block possible ECB action

FRANKFURT/BERLIN (Reuters) – The European Central Bank will decide early next year whether to take further action to revive the euro zone’s economy, its president said on Thursday, signalling that he would not allow opposition from Germany or anyone else to stop it.

In his clearest language yet, Mario Draghi underlined the central bank’s commitment to supporting the ailing economy of the 18-country bloc, and argued the case for printing fresh money to buy assets such as state bonds.

Dec 4, 2014

ECB weighs further action as economic picture darkens

FRANKFURT (Reuters) – The European Central Bank will spell out the scale of economic malaise facing the euro zone after it meets on Thursday under growing pressure to take dramatic action to prevent the bloc going into reverse.

With recovery stalled across much of the 18-country euro area, ECB President Mario Draghi will present updated forecasts from the bank’s staff for growth in output as well as inflation.

Nov 21, 2014

ECB’s Draghi throws door to quantitative easing wide open

FRANKFURT (Reuters) – European Central Bank President Mario Draghi threw the door wide open on Friday for more dramatic action to rescue the euro zone economy, saying “excessively low” inflation had to be raised quickly by whatever means necessary.

Draghi said there was now no sign of economic improvement in the months ahead and that the ECB would expand and step up its programme to pump more money into the currency bloc if its current measures fell short of lifting inflation.

Nov 21, 2014

Draghi throws door to QE wide open as recovery wanes

FRANKFURT (Reuters) – European Central Bank President Mario Draghi threw the door wide open on Friday for more dramatic action to rescue the euro zone economy, saying “excessively low” inflation had to be raised quickly by whatever means necessary.

Draghi said there was now no sign of economic improvement in the months ahead and said the ECB would expand and step up its program to pump more money into the currency bloc if its current measures fell short of lifting inflation.

Nov 20, 2014

ECB dips toe into dead sea of rebundled debt

FRANKFURT (Reuters) – The European Central Bank is set to embark this week on a scheme to buy the kind of rebundled debt that sparked the global economic crash.

With sparse investor interest its efforts could fall short.

Asset backed securities (ABS), reparcelled debt that mixes high-risk loans with safer credit, gained notoriety when rebundled home loans in the United States unraveled to spark financial turmoil.

Nov 16, 2014

Spotlight falls on Europe’s stuttering economy

FRANKFURT (Reuters) – As large parts of Europe’s economy grind almost to a halt, attention will focus this week on the latest assessments of business confidence in the euro zone and Germany, which has just narrowly avoided a recession.

While the United States economy has accelerated and China holds a slower but steady course, euro zone countries have remained sluggish, with overall growth in output slowing to a trickle.

Nov 16, 2014

Global Economy Weekahead: Spotlight falls on Europe’s stuttering economy

FRANKFURT (Reuters) – As large parts of Europe’s economy grind almost to a halt, attention will focus this week on the latest assessments of business confidence in the euro zone and Germany, which has just narrowly avoided a recession.

While the United States economy has accelerated and China holds a slower but steady course, euro zone countries have remained sluggish, with overall growth in output slowing to a trickle.

Nov 13, 2014

ECB warned euro zone inflation, growth to be lower than expected

FRANKFURT (Reuters) – Professional forecasters have cut their outlook for euro zone inflation and growth, underlining a trend that could prompt the European Central Bank to take more action to kick-start the region’s flagging economy.

The 61 economists, academics and others surveyed by the ECB expect euro zone inflation of 1.0 percent next year and 1.4 percent in 2016, data released on Thursday showed — down from earlier forecasts of 1.2 percent and 1.5 percent respectively.

Oct 29, 2014

Banks see upswing in loan demand across euro zone

FRANKFURT (Reuters) – Around one in five banks across the euro zone expect companies to approach them for more credit as the year draws to a close, with those in Germany and France most optimistic, the European Central Bank said on Wednesday.

The upbeat forecast bodes well for an improvement in the bloc, where economic growth has been grinding to a virtual halt. Much of the blame for the slowdown has been blamed on a dearth of credit to firms to expand their businesses.

Oct 27, 2014

ECB stimulus may lack desired scale, QE an option: sources

FRANKFURT (Reuters) – The European Central Bank’s plan to buy private sector assets may fall short of its goal and pressure is likely to build for bolder action early next year, with government bond purchases an option, ECB sources said.

The euro zone’s central bank started buying covered bonds last week and plans to buy asset-backed securities (ABS), or bundled loans, later this year — both with a view to fostering lending to businesses and thereby supporting the bloc’s economy.

    • About John

      "I am a Reuters correspondent in Brussels, writing about the European Union. I moved here last year from Germany, where I had reported about the financial crisis, turning up numerous scoops and even winning a prestigious business reporting award. Beforehand, I worked with The Sunday Times in London."
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