European Central Bank president Jean-Claude Trichet tells FRANCE 24 that Europe needs to find its own solutions, and that to follow the US example would be naïve.
European Central Bank policymaker and Bundesbank chief Jens Weidemann warned Francois Hollande on Saturday against meddling with the EU's fiscal pact. France’s president-elect had vowed to renegotiate the treaty as one of his pre-election promises.
With recession spreading across the continent, will the French presidential candidates make good on their pledge to get Germany to put more of the accent on growth? François Picard's panel looks at the groundswell against austerity.
With recession spreading across the continent, will the French presidential candidates make good on their pledge to get Germany to put more of the accent on growth? François Picard's panel looks at the groundswell against austerity.
The worst of the eurozone debt crisis is over despite lingering risks, ECB chief Mario Draghi said in an interview Thursday. Draghi said key indicators, including inflation and budget deficits, are now better than those of the United States.
The European Central Bank released a record 530 billion euros on Wednesday, with hundreds of banks borrowing big on the low-interest loans. The cash injection is spurring hopes it will lead to lower borrowing costs across Europe.
A meeting with finance chiefs from eurozone countries to discuss Greece’s second multibillion-dollar bailout was cancelled Tuesday after Athens failed to deliver on several demands made by its partners in the currency union.
Greece continues to be under pressure from the EU despite lawmakers Sunday approving another tough round of austerity measures. An estimated 100,000 people protested the move outside the Greek parliament in Athens.
An estimated 80,000 people protested outside the Greek parliament building Sunday in Athens, where lawmakers were voting on whether to pass another round of tough austerity measures. Approval would secure the country 130 billion euros in aid.
More than 100,000 people demonstrated in Lisbon's Palace Square on Saturday against the harsh austerity measures in place. The protest came amid growing concerns of international lenders that Portugal will require more bailout funds.
