As Nicolas Sarkozy tries to get Berlin to commit to bold decisions at Sunday’s crucial EU summit, a credit warning by Moody’s undermines France’s bargaining position. François Picard's panel argues over the relative weight of credit rating agencies.
As Nicolas Sarkozy tries to get Berlin to commit to bold decisions at Sunday’s crucial EU summit, a credit warning by Moody’s undermines France’s bargaining position. François Picard's panel argues over the relative weight of credit rating agencies.
The European Central Bank is set to help eurozone banks with liquidity as well as offering "longer-term refinancing options," ECB head Jean-Claude Trichet announced Thursday. Many European banks are exposed to Greek debt.
It's no big surprise - the European Central Bank did raise its benchmark rate to 1.25%. Was it the right move to make? And what impact will it have on countries such as Portugal and Greece? Find out more with our business editor Stéphane Marchand.
The ECB bought government bonds on Thursday in a major intervention in the markets since end of May. The euro has risen in value after ECB President Jean-Claude Trichet confirmed the Central Bank will keep buying European government bonds. He also said that the ECB would continue its support to struggling banks within the eurozone. Find out more with our specialist, Stéphane Marchand.
Stéphane Marchand discusses the results of the "stress tests" taken by European banks; ECB president Jean-Claude Trichet's call for austerity; and Apple's healthy finances, despite problems with the iPhone 4.
The European Central Bank as well as the Bank of England kept interest rates at record lows Thursday. The ECB has maintained its main lending rate at 1%, while the BoE rate stayed at 0.50 percent.
