Greece – Lost in translation?
Northern Europeans are increasingly frustrated with their southern counterparts, claiming that they are more interested in dodging taxes and avoiding work than paying back their debts, and pin the blame on such factors as culture and politics.
But Yale University Professor Keith Chen – who has previously written about how Capuchin monkeys take bigger risks to avoid losses than when seeking gains - says language might have an impact on how responsible people are with their finances and how they plan ahead.
ECB to face Greece questions, hold rates
FRANKFURT, Feb 9 (Reuters) – All eyes will be on what
the European Central Bank is willing to do to help Greece when
it holds its monthly policy meeting on Thursday, with interest
rates expected to stay on hold ahead of a major funding
operation later this month.
ECB President Mario Draghi may be tight-lipped on the
matter, however, with the Greek situation still unresolved.
ECB to face Greece grilling, hold rates
FRANKFURT, Feb 9 (Reuters) – All eyes will be on what
the European Central Bank is willing to do to help Greece when
it holds its monthly policy meeting on Thursday, with interest
rates expected to stay on hold ahead of a major funding
operation later this month.
ECB President Mario Draghi may be tight-lipped on the
matter, however, with the Greek situation still unresolved.
ECB liquidity may ease impact of tighter bank loans
FRANKFURT, Feb 1 (Reuters) – A quarter of euro zone
banks expect to make it harder for firms to get loans in the
future, the European Central Bank said on Wednesday, although
the bank’s recent massive cash injection has eased the chance of
a full-blown credit crunch.
With the sovereign debt crisis wreaking havoc across the
common currency bloc, analysts have feared that banks might turn
off the credit taps, causing further damage to the economy, and
the ECB’s latest quarterly Bank Lending Survey indicates the
threat is real.
Ireland spurs bailout cost cut drive with ECB meeting
FRANKFURT (Reuters) – Ireland’s finance minister met the president of the European Central Bank on Tuesday as part of a campaign to win European approval for a reduction in the cost of Dublin’s 63 billion euros bank rescue package.
Ireland wants to take advantage of changes to the euro zone’s rescue fund, the EFSF, to ease the burden of shoring up the country’s banks and improve its prospects of exiting an EU-IMF bailout next year.
ECB holds rates while policy package takes effect
FRANKFURT (Reuters) – The European Central Bank left interest rates on hold on Thursday, pausing to assess the impact of back-to-back cuts and a slew of other measures it unleashed late last year that are showing some signs of helping fight the euro zone debt crisis.
The ECB, holding its first policy meeting of this year, held its benchmark rate at 1.0 percent, matching the lowest level ever. The decision was in line with market expectations.
ECB to hold rates as policy cocktail kicks in
FRANKFURT, Jan 12 (Reuters) – The European Central
Bank will take a breather this month after unleashing
back-to-back interest rate cuts and a slew of other measures,
pausing to assess the impact of the crisis-fighting steps it
took in the final two months of 2011.
The euro zone central bank is widely expected to keep rates
at 1.0 percent at its meeting on Thursday, which starts at 0800
GMT and is the first for two new policymakers – Germany’s Joerg
Asmussen and Frenchman Benoit Coeure.
year tender could ease credit crunch fears
FRANKFURT, Dec 21 (Reuters) – The European Central
Bank’s first ever offer of three-year loans is expected to draw
high demand from banks on Wednesday, easing fears of an
impending credit crunch and possibly bolstering bond and money
markets.
The ECB has said the economy could tip into recession if
banks do not lend to firms and private consumers, and that it
would do everything it can to avoid a liquidity squeeze.
ECB growing more skeptical of bond-buys: Weidmann
FRANKFURT (Reuters) – European Central Bank policymaker Jens Weidmann delivered a blow to hopes of more decisive ECB intervention to quell the euro zone crisis, saying his peers at the bank were growing skeptical of its bond-buy program, which he openly opposes.
Weidmann was witheringly critical of appeals for the ECB to do more to help debt-choked governments, comparing them to alcoholics pleading to be given a bottle, and said his Bundesbank would only provide fresh funds for the IMF to help fight the euro zone crisis if countries beyond Europe do so too.
ECB’s Weidmann opposes bond-buy boost, coy on IMF
FRANKFURT, Dec 14 (Reuters) – European Central Bank
policymaker Jens Weidmann reiterated his opposition to the ECB
ramping up its bond purchases and said his Bundesbank would only
provide fresh funds for the IMF to help fight the euro zone
crisis if countries beyond Europe do so too.
Weidmann was witheringly critical of appeals for the
European Central Bank to do more to help debt-choked
governments, comparing them to alcoholics pleading to be given a
bottle.
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