Aug 2, 2012 The head of the European Central Bank, Mario Draghi, is holding a press conference right now in Frankfurt. And global markets are hanging on his every word. That's because he said last week he'll do whatever it takes to save the euro, and today is the day we find out what that means.
Aug 2, 2012 The Fed announced yesterday that it is prepared to act if the economy gets worse -- But for now, nada. Which brings us to the European Central Bank, which is holding a meeting today in Frankfurt and might have a little something up its sleeve for the global economy.
Jul 26, 2012 What can the European Central Bank really do to help the euro and what obstacles might be in its way?
Jul 11, 2012 In Spain today, the government announced new austerity measures to meet the terms of the bank bailout early this month: $80 billion worth of tax increases and pay and benefit cuts.
Jun 21, 2012 The U.S. Federal Reserve says it will continue holding interest rates down the rest of the year through its "Operation Twist" -- swapping short-term securities for long-term ones. But the economic crisis is global, and ours is not the only central bank that's worried about stoking economic growth.
Jun 7, 2012 Spain raised $2.6 billion in a bond sale this morning, but the higher interest rate of 6.1 percent shows that investors are still concerned that Spain has not wiped their hands clean of the financial mess just yet.
Jun 8, 2012 Spain's government raised $2.6 billion at a bond auction this morning, but their financial crisis still looms with the banking system and government propping each other up.
Jun 6, 2012 There's been more and more talk of the world economy slowing down. Still, the European Central Bank isn't changing its interest rate, and the Federal Reserve hasn't budged yet.
Jun 6, 2012 There was no cut in interest rates from the European Central Bank today, but some would like the ECB to take action soon.