Correspondent, Brussels
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Dec 8, 2014

ECB’s Nowotny warns of ‘massive’ economic weakness

FRANKFURT, Dec 8 (Reuters) – The euro zone’s economy is
weakening ‘massively’, one of the European Central Bank’s
policymakers warned on Monday, saying that printing fresh money
to buy state bonds could help to stop the slide.

Speaking in Germany, the head of neighbouring Austria’s
central bank advocated a more ambitious course for the European
Central Bank, distancing himself from Germany, where many
politicians and its central bank oppose such money printing.

Dec 5, 2014

Germans resist ECB money-printing move, but Draghi gets key support

FRANKFURT/VIENNA, Dec 5 (Reuters) – European Central Bank
policymaker Ewald Nowotny on Friday backed ECB President Mario
Draghi on steps to revive the euro zone economy with new
stimulus, while Germany firmly maintained its opposition to
buying sovereign bonds.

The support of Nowotny, Austria’s central bank chief, may
prove crucial for Draghi as he seeks to expand the scale of ECB
action next year, most likely including quantitative easing
(QE), the printing money to buy government bonds.

Dec 5, 2014

Germany warns ECB against copying U.S.-style money printing

FRANKFURT, Dec 5 (Reuters) – The head of Germany’s
Bundesbank warned the European Central Bank on Friday against
copying the money printing used in the United States and Japan,
saying that it would not have the same impact in Europe.

Speaking a day after ECB President Mario Draghi signalled
further action to shore up the euro zone economy as soon as
early next year, Jens Weidmann cautioned that so-called
quantitative easing may not work in Europe.

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.

    • 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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