Sakari's Feed
Apr 16, 2013

German investor morale erodes on euro zone, global fears

MANNHEIM, Germany, April 16 (Reuters) – German analyst and
investor sentiment fell sharply in April, hit by fears that a
deterioration of the euro zone crisis and a global slowdown, led
by a weakening China, could take a heavy toll on Europe’s
biggest economy.

The Mannheim-based ZEW think tank said on Tuesday its
monthly poll of economic sentiment fell to 36.3 points from 48.5
in March. The reading undershot a Reuters poll forecast of 42.0
and sent the euro down against the dollar.

Apr 4, 2013
via MacroScope

Draghi teaches journalists manners

Photo

European Central Bank President Mario Draghi, in addition to conveying a dovish yet somewhat obtuse message on the bank’s future policy, taught journalists telephone etiquette.

He was asked about his phone conversation with Italian President Giorgio Napolitano, he declined to say anything about the content of the call.

Apr 4, 2013

ECB “ready to act” to help languishing economy

FRANKFURT, April 4 (Reuters) – European Central Bank
President Mario Draghi opened the door on Thursday to an
interest rate cut as soon as next month, saying his bank stands
“ready to act” to boost the recession-hit euro zone economy.

Speaking at news conference after the ECB held rates at a
record low 0.75 percent, the highest level among the world’s
major central banks, Draghi said discussion at the monthly
meeting had been extensive and the consensus was to hold fire.

Apr 4, 2013

Cyprus to blame for bailout turmoil, Draghi says

FRANKFURT (Reuters) – The European Central Bank put the blame for initial market turmoil over Cyprus’s bailout squarely on the island’s government on Thursday and pledged that taxing depositors would not become normal procedure.

ECB President Mario Draghi said Cyprus’s bailout was “no template”, a statement designed to ease market fears that bank deposits would in future be fair game for international lenders seeking to help struggling euro zone countries.

Apr 4, 2013

ECB “ready to act” on rates as economy languishes

FRANKFURT, April 4 (Reuters) – The European Central Bank
expects a gradual economic recovery later this year but will
monitor incoming data very closely and is ready to cut interest
rates if necessary, its president said on Thursday.

Addressing a news conference after the ECB held rates at a
record low 0.75 percent, the highest level among the world’s
major central banks, Mario Draghi said discussion at the monthly
meeting had been extensive and the consensus was to hold fire.

Mar 14, 2013

ECB’s Demetriades: Irish bond auction an important step

NICOSIA, March 14 (Reuters) – Ireland’s issuance of its
first long-term bond since being bailed out is an important step
towards qualifying for help from the ECB’s bond-buying
programme, European Central Bank Governing Council member
Panicos Demetriades said.

In an interview with Reuters, conducted on Wednesday, the
Cyprus central bank governor said euro zone economic recovery
was holding to its projected path and the Italian election
stalemate had not increased risks to growth.

Mar 7, 2013

ECB offers no helping hand for Italy, holds course

FRANKFURT, March 7 (Reuters) – Markets have settled after
Italy’s fractured election result and any threat of contagion to
other euro members has been muted, European Central Bank
President Mario Draghi said on Thursday, suggesting the bank is
in no mood to act.

The 17-country bloc’s central bank discussed cutting
interest rates, but decided to keep them on hold, citing
positive economic survey indicators, which in turn suggest the
ECB is ready to keep rates at 0.75 percent barring the economy
taking another turn for the worse.

Mar 7, 2013

ECB holds rates, to stand firm on bond buys

FRANKFURT (Reuters) – The European Central Bank kept interest rates steady on Thursday and is likely to eschew dramatic action to help Italy or other euro zone countries, despite the threat of political turmoil in Rome reigniting the bloc’s debt crisis.

At its monthly policy meeting, the ECB held its main refinancing rate at a record-low 0.75 percent, in line with what the majority of economists in a Reuters poll had expected. The attention turns now to a 1330 GMT news conference, held by ECB President Mario Draghi, himself an Italian.

Mar 7, 2013

ECB to hold line on bond buys, keep rates at 0.75 pct

FRANKFURT, March 7 (Reuters) – The European Central Bank
will eschew dramatic action on Thursday to help Italy or other
euro zone countries caught up in its backwash, despite the
threat of political turmoil in Rome reigniting the bloc’s debt
crisis.

The ECB is expected to hold its interest rates at a
record-low 0.75 percent and keep its growth and inflation
forecasts largely unchanged at its monthly meeting.

Feb 27, 2013

ECB nowhere near exit from crisis measures: Draghi

MUNICH (Reuters) – The European Central Bank is not about to remove the crisis measures it deployed to help the ailing euro zone economy, the central bank’s chief said on Wednesday.

“Our monetary policy remains accommodative,” ECB President Mario Draghi said in the question-and-answer session after a speech at the Catholic Academy of Bavaria.

    • About Sakari

      "I am part of the Reuters team covering the European Central Bank. Before moving to Frankfurt in early 2009, I was based in Helsinki, where I wrote about the Finnish economy and paper industry."
      Hometown:
      Helsinki
      Joined Reuters:
      2006
      Languages:
      Finnish, English, German, Swedish
    • Contact Sakari

    • Follow Sakari