European Central Bank

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Has the ECB action helped avert a banking crisis?

Dec 22, 2011
The European Central Bank yesterday printed $640 billion worth of euros, almost the same amount of money as the TARP program used by the U.S. government during the financial crisis in 2008.
Posted In: Europe debt crisis, European Central Bank, banking

PODCAST: A mobile Super Bowl, ECB plan exceeds expectations

Dec 21, 2011
As Spain gears up for new leadership, the European Union wants airlines to reduce emissions or pay for permits allowing them to pollute. During the holidays, consumers generate as much as 25 percent more waste from packaging, unused holiday cards and wrapping paper, and other seasonal items. In some Atlanta neighborhoods, houses are selling for under 10,000 -- less than the price of many used cars.
Posted In: European Central Bank, NFL, Super Bowl

European banks' overwhelming response to ECB plan

Dec 21, 2011
The news that more banks than expected are putting a hand out for help from the European Central Bank had markets on a roller coaster today.
Posted In: Europe debt crisis, European Central Bank

European Central Bank bails out Europe’s banks

Dec 21, 2011
The ECB has given about 490 billion euros in cheap loans to European banks, reflecting the crisis in Europe’s banking system.
Posted In: European Central Bank

Lender of last resort

Dec 21, 2011
The ECB offers a historic $639 billion to 500 European banks.
Posted In: European Central Bank, lending

Ex-Bank of England member: Central bank action an ominous sign

Dec 9, 2011
Markets breathed a sigh of relief last week as central banks around the world agreed to joint action to fight the European debt crisis. But according to someone on the front lines in 2008, this could mean things are worse than we know.
Posted In: European Central Bank, Bank of England, Europe debt crisis

ECB drops interest rates to 1 %

Dec 8, 2011
Economist Adolfo Laurenti discusses the rate cut and the role of the European Central Bank in Europe's future.
Posted In: interest rates, Europe, European Central Bank

All I want from for Christmas? A bazooka, please

Dec 8, 2011
Markets today were like a huffy kid who stomps off because Santa only brought him two out of the three of the gifts on his list. Santa is the European Central Bank.
Posted In: European Central Bank

Why does the EU want U.S. dollars?

Dec 2, 2011
Marketplace Money Senior Producer Paddy Hirsch explains why Europe needs dollars instead of euros as the EU tries to sort out its financial problems.
Posted In: EU, Eurozone, dollar, Europe debt crisis, European Central Bank, whiteboard

ECB actions similar to the Fed's in 2008

Dec 1, 2011
There is an ongoing effort to get the euro back to normal, and the crisis is looking more and more like the sub-prime mortgage crisis here in the U.S.
Posted In: European Central Bank, Europe debt crisis, subprime

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