Tag: ECB
#Eurozone economy to shrink between 8% and 12% in 2020: Lagarde
The eurozone economy is likely to shrink between 8% and 12% this year as it struggles to overcome the impact of the coronavirus pandemic, European Central Bank President Christine Lagarde (pictured) said on Wednesday (27 May), writes Balazs Koranyi. The ECB earlier said the economy could shrink by between 5% and 12%, but speaking in […]
#ECB – Lagarde cheers Franco-German EU recovery fund plan
A Franco-German proposal for a 500 billion euro ($546bn) coronavirus recovery fund would bring essential relief to the bloc’s worst-hit nations and demonstrate solidarity, European Central Bank President Christine Lagarde (pictured) said on Monday (18 May), write Laurence Frost, Leigh Thomas and Balazs Koranyi. Closing in on a deal after two months of often bitter […]
#ECB Lane: Eurozone economy won’t hit pre-crisis level until 2021 at earliest
The coronavirus-hit eurozone economy probably will not return to its pre-pandemic levels until next year at the earliest, the European Central Bank’s chief economist told El Pais newspaper, adding that the ECB was prepared to tweak its tools if needed, writes Michelle Martin. “From today’s perspective, it looks in any case unlikely that economic activity […]
EU could open legal case against #Germany over #ECB bond-purchases ruling: Commission
The European Commission could open a legal case against Germany over a ruling by the country’s constitutional court that the European Central Bank had overstepped its mandate with bond purchases, the EU executive arm said on Sunday (10 May). writes Gabriela Baczynska. The German court in Karlsruhe last Tuesday (5 May) gave the ECB three […]
ECB’s Rehn: EU leaders must show solidarity with #Coronavirus package
European Central Bank policymaker Olli Rehn on Wednesday (22 April) said the European Union must agree a package to address the economic impact of the new coronavirus, especially for weaker nations, adding the bloc’s future as a political community was at stake, writes Anne Kauranen. EU heads of state will meet by video-conference on Thursday […]
Europe needs at least €500 billion from EU institutions for #Coronavirus recovery – ESM
Europe will need at least another €500 billion from European Union institutions to finance its economic recovery after the coronavirus pandemic, on top of the agreed half-a-trillion package, the head of the eurozone bailout fund said, writes Jan Strupczewski. In an interview with Italy’s Corriere della Sera paper, published on Sunday (19 April), European Stability […]
#ECB ready to offer more #Coronavirus support if needed, Makhlouf says
The European Central Bank’s (ECB) actions so far to help cushion the economic fallout from the coronavirus pandemic shows it is ready to do more if needed, governing council member Gabriel Makhlouf said on Wednesday (15 April), writes Padraic Halpin. Makhlouf, the governor of Ireland’s central bank, expressed scepticism about the prospects of a sharp […]
