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European Central Bank

Central bank for the euro

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European Central Bank: Central bank for the euro
The European Central Bank (ECB) is the central bank for the euro and administers monetary policy within the Eurozone, which comprises 19 member states of the European Union and is one of the largest monetary areas in the world. Established by the Treaty of Amsterdam, the ECB is one of the world's most important central banks and serves as one of seven institutions of the European Union, being enshrined in the Treaty on European Union (TEU). The bank's capital stock is owned by all 27 central banks of each EU member state. The current President of the ECB is Christine Lagarde. Headquartered in Frankfurt, Germany, the bank formerly occupied the Eurotower prior to the construction of its new seat.

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ECB says economy still needs major stimulus [Video]

ECB says economy still needs major stimulus

The ECB held policy steady on Thursday, but bank President Christine Lagarde said the region's fragile economy still needs ample stimulus.

Credit: Reuters Studio     Duration: 01:46Published
Andrew Strauss praises Ben Stokes’ 'cricket intelligence' ahead of West Indies Test [Video]

Andrew Strauss praises Ben Stokes’ 'cricket intelligence' ahead of West Indies Test

Former England captain and Director of Cricket for the ECB Sir Andrew Strauss, has backed Ben Stokes as interim England captain ahead of the return of international Test cricket in England.

Credit: PA - Press Association STUDIO     Duration: 01:46Published
ECB prepares 'bad bank' for wave of toxic debt - sources [Video]

ECB prepares 'bad bank' for wave of toxic debt - sources

Reuters sources say the ECB is preparing a 'bad bank' to cope with the expected wave of unpaid debts sparked by the economic crisis. Julian Satterthwaite reports.

Credit: Reuters Studio     Duration: 01:22Published
Global stocks and euro gain ahead of U.S. jobs report [Video]

Global stocks and euro gain ahead of U.S. jobs report

World stocks held their ground near three-month highs as the euro hit its highest level since March 10, thanks to Europe's stimulus boost, fueling hopes for a global rebound. Ciara Lee reports

Credit: Reuters Studio     Duration: 01:35Published
ECB nearly doubles stimulus programme to fight coronavirus economic crisis [Video]

ECB nearly doubles stimulus programme to fight coronavirus economic crisis

ECB nearly doubles stimulus programme to fight coronavirus economic crisis

Credit: Euronews English     Duration: 01:39Published

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Fire strikes house of former ECB chief Draghi in Italy's Umbria region: local media

A fire struck the house of former European Central Bank President Mario Draghi in the small town of Citta della Pieve, in the central Italian region of Umbria, local media said on Tuesday.
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Help in coronavirus crisis should come from European level: ECB

Help to euro zone members struggling under the weight of the coronavirus crisis should come from the European level, European Central Bank board member atold Greek newspaper To Vima in an interview.
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Stocks set to extend losses despite further central bank support

Stocks were poised for more losses Thursday even as the Federal Reserve and the European Central Bank both rolled out measures to support markets.
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Bavarian leader: Germany must think in 'Draghi dimensions' to avoid deep crisis

Bavarian leader Markus Soeder said on Thursday Germany must do everything it can to avoid an economic crisis caused by the coronavirus, adding that policymakers should take a leaf out of the book of..
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Italy's economy minister hopes ECB will support Rome's anti-coronavirus measures

Economy Minister Roberto Gualtieri on Wednesday said he expected the European Central Bank to support Italy as the government prepared a raft of measures to counter the impact of the coronavirus on..
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ECB asks some staff to work from home after employee diagnosed with coronavirus

A European Central Bank employee has been diagnosed with coronavirus and the bank has asked around 100 of its employees who work in the proximity of the affected staff member to work from home, it said..
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Germany CDU leadership candidate Merz says critical of ECB policy

Germany's Friedrich Merz, a candidate for the leadership of Angela Merkel's conservative Christian Democrats (CDU), said on Tuesday he viewed European Central Bank policy as worthy of criticism.
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ECB's Enria blames legislative 'mess' for dos Santos fiasco

The euro zone's top bank supervisor blamed a "mess" of diverging laws across the bloc on Tuesday for the European Central Bank's failure to stop Angolan billionaire Isabel dos Santos, who is suspected..
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Germany's Schaeuble calls on Lagarde to respect ECB's 'limited mandate'

Former German finance minister Wolfgang Schaeuble told Reuters in an interview he expects new European Central Bank President Christine Lagarde to implement a "very sensible" monetary policy that..
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Christine Lagarde: The "60 Minutes" interview

As she leaves her position as head of the International Monetary Fund to run the European Central Bank, Christine Lagarde tells John Dickerson about the possible signs of a global recession.
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ECB must dispel impression of arrogance: Lautenschlaeger

The European Central Bank needs to simplify its message and take it directly to the people to dispel a growing perception that it is part of an arrogant elite, outgoing board member Sabine..
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Christine Lagarde on President Trump's tweets

"Market stability should not be the subject of a tweet here or a tweet there." Christine Lagarde, incoming head of the European Central Bank, on what she would say to President Trump about the global..
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President Trump’s “tweet here, or a tweet there” is no way to treat financial markets says Christine Lagarde

“Market stability should not be the subject of a tweet here or a tweet there.” Christine Lagarde, incoming head of the European Central Bank, on what she would say to President Trump about the..
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EU leaders confirm Christine Lagarde's appointment as head of ECB

European Union leaders confirmed on Friday the appointment of Christine Lagarde as the new chief of the European Central Bank, replacing Mario Draghi from November 1.
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Brexit turmoil has quietened other countries' calls to quit EU: ECB's Villeroy

Britain's turbulent experience divorcing from the European Union means there are no longer questions about other countries trying to leave the bloc, ECB policymaker Francois Villeroy de Galhau said on..
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Lagarde wins EU lawmakers' approval to lead ECB

The European Parliament backed Christine Lagarde on Tuesday as the next president of the European Central Bank, paving the way for her to become the first woman to hold the post.
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Finland's central banker Rehn pulls out from IMF chief vote

Finnish central bank governor Olli Rehn, an European Central Bank's board member, on Friday pulled out from the vote between EU leaders to choose a European candidate to lead the International Monetary..
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No technocrat, Lagarde brings listening, diplomacy to ECB table

Christine Lagarde will raise the profile of the European Central Bank, making it a more politically-savvy institution that takes its message directly to the people. However policy innovation, the..
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Lagarde's ECB nomination thrusts IMF into early succession race

The nomination of Christine Lagarde as European Central Bank president on Tuesday has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war..
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EU leaders choose France's Lagarde for ECB after marathon summit

European Union leaders agreed on Tuesday to name France's Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling the EU's other top four jobs after marathon talks..
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PM Conte says Italy will receive competition portfolio in next EU Commission

Prime Minister Giuseppe Conte said on Tuesday Italy would receive the influential competition portfolio in the next European Commission, adding he was confident his nation would also obtain a post on..
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Lagarde to rely on political skill to overcome shortcomings at ECB

A shrewd negotiator who has run the IMF but has little monetary policy experience, Christine Lagarde will face the challenge as the European Central Bank's new chief of having to revive the euro zone..
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EU leaders agree on France's Lagarde to lead ECB

European Union leaders agreed on Tuesday to name Frenchwoman Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling the other four top jobs in the bloc after..
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Lagarde to relinquish IMF duties during ECB nomination period

International Monetary Fund Managing Director Christine Lagarde said on Tuesday she is "honored" to be nominated for the European Central Bank presidency and will temporarily relinquish her IMF..
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EU leaders' tentative deal on top jobs hits opposition in parliament

French President Emmanuel Macron sought to break a deadlock over the EU's top jobs on Tuesday by proposing France's Christine Lagarde, now head of the International Monetary Fund (IMF), to lead the..
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Lagarde seen in pole position to replace ECB's Draghi

A shrewd negotiator who has run the IMF but has little monetary policy experience, Christine Lagarde would face the challenge as the European Central Bank's new chief of having to revive the euro zone..
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Macron proposes Lagarde to head ECB in push to end EU jobs deadlock

President Emmanuel Macron sought to break a deadlock on Tuesday over assigning the EU's top jobs by proposing France's Christine Lagarde, now head of the International Monetary Fund (IMF), to lead the..
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France and Germany eye Lagarde for ECB and Von der Leyen for EC president: sources

German defense minister Ursula von der Leyen may end up as European Commission President while IMF head Christine Lagarde may become new president of the European Central Bank following an agreement..
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Timmermans faces Eastern resistance for top EU job; search for ECB head postponed

Dutch socialist Frans Timmermans has emerged as the favorite to be named the EU's next chief executive, diplomats and officials said on Sunday ahead of a summit in Brussels, but faces resistance from..
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France's Macron sees three EU posts decided at Summit, ECB later

French President Emmanuel Macron said that three of the European Union's top positions should be decided at a meeting of EU leaders on Sunday, with a decision on the next head of the European Central..
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Factbox: First woman to head the ECB? Not likely now, but here are some who could

The head of the European Central Bank, Mario Draghi, steps down at the end of October and the 19 euro zone countries are now looking for his replacement. The shortlists of likely candidates are almost..
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Euro zone bank profitability may weaken on slowdown: ECB

Profitability across the euro zone bank sector is low and weakening growth could further dampen the sector's prospects, European Central Bank Vice President Luis de Guindos said on Tuesday.
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Macron derides Weidmann's 'belated' support for ECB's bond program

French President Emmanuel Macron derided Bundesbank President Jens Weidmann's "belated" support for a European Central Bank program of government bond purchases, amid talk of the German running to..
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