Correspondent, Brussels
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Apr 16, 2015

ECB survey of experts paints brighter euro zone outlook

FRANKFURT (Reuters) – Economists and other experts surveyed by the European Central Bank pared back their predictions on Thursday for inflation to just above zero for this year as oil prices stay low, but expect it will pick up strongly in 2016 and beyond thanks to fresh money printing.

The closely watched Survey of Professional Forecasters upgraded forecasts for economic growth in the coming three years, although economists see only a modest improvement in unemployment in the years to 2017.

Apr 15, 2015

ECB committed to full QE programme, sees stronger recovery

FRANKFURT (Reuters) – The European Central Bank has no plans to curb or curtail its money-printing programme although it expects euro zone economic recovery to broaden and strengthen.

Last month the ECB embarked on an asset-buying programme with 60 billion euros (£43.17 billion) a month of news money, which it has said will last until at least September 2016.

Apr 14, 2015

EU expert group for Greece set for overhaul after Athens’ protest: sources

FRANKFURT/ATHENS (Reuters) – A group of European Union experts helping Greece to improve administration and draw more European funding is set to be all but dismantled after the new leftist government refused to cooperate with them, officials have told Reuters.

Such a concession to Prime Minister Alexis Tsipras’ government by the European Commission could dismay countries which have grown frustrated with Athens’ push to abandon reforms as it rejects what many in Greece see as European interference.

Apr 13, 2015

Greece casts shadow as ECB money printing buoys euro zone

FRANKFURT (Reuters) – European Central Bank policymakers gathering on Wednesday will examine possible further emergency funding for Greece’s banks as they take stock of a wider economic picture showing early signs of improvement.

With falling prices in the euro zone beginning to stabilize, ECB President Mario Draghi will be able to claim an early success for the quantitative easing scheme — money printing to buy chiefly government bonds — launched by the bank in March.

Apr 12, 2015

United States loses sparkle as Europe shows signs of hope

FRANKFURT (Reuters) – Investors will cast a wary eye on the latest gauges of the United States’ economic health this week, while troubled Europe shows early signs of turning the corner.

As finance ministers and central bankers from the Group of 20 top economies gather in Washington, on the sidelines of the International Monetary Fund’s Spring meeting, they view a subdued global landscape where even the United States’ prospects seem tarnished.

Mar 31, 2015

Analysis – How Grexit bill could dig deep into ECB pockets

FRANKFURT (Reuters) – A Greek departure from the euro could expose the European Central Bank to losses on tens of billions of credit, a hole Germany and other euro members may have to fill.

As political wrangling with Athens freezes the country’s access to loans from euro zone states, Greece has been drawing heavily on the ECB, running up an ever larger tab.

Mar 31, 2015

How Grexit bill could dig deep into ECB pockets

FRANKFURT, March 31 (Reuters) – A Greek departure from the
euro could expose the European Central Bank to losses on tens of
billions of credit, a hole Germany and other euro members may
have to fill.

As political wrangling with Athens freezes the country’s
access to loans from euro zone states, Greece has been drawing
heavily on the ECB, running up an ever larger tab.

Mar 19, 2015

Banks load up on cheap ECB loans in positive sign for economy

FRANKFURT, March 19 (Reuters) – Banks took more than twice
the expected amount of long-term loans from the European Central
Bank on Thursday, loading up on the cheap credit in a fresh sign
that a nascent euro zone recovery is spurring lending.

Banks took 97.8 billion euros ($104.50 billion) in the
so-called TLTROs, which are tied to lending to the mostly
smaller firms that are the euro zone’s economic backbone. A
Reuters poll had pointed to take-up of 40 billion euros.

Mar 18, 2015

Protesters, police clash near new European bank HQ in Frankfurt

FRANKFURT, March 18 (Reuters) – Anti-capitalist protesters
clashed with riot police near the new headquarters of the
European Central Bank (ECB) in Frankfurt on Wednesday and set
fire to barricades and cars, casting a pall over the ceremonial
opening of the billion-euro skyscraper.

Nearly 90 police were injured by stones and unidentified
liquids hurled by a violent minority from within the
thousands-strong protest, police said. Some protesters said they
were injured when police used pepper spray.

Mar 18, 2015

Protesters clash with police near new European bank HQ in Frankfurt

FRANKFURT (Reuters) – Thousands of anti-capitalist protesters clashed with riot police near the new headquarters of the European Central Bank (ECB) in Frankfurt on Wednesday, hours before the ceremonial opening of the 1.3-billion-euro ($1.4-billion) building.

Several cars were set on fire and streets were blocked by burning stacks of tires and rubbish bins. At least one police officer was injured, police said.

    • 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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