EU Leaks of Draghi Comments Threaten Future Meets: Chairwoman
Sharon Bowles, chairwoman of the EU assembly’s economic and monetary affairs committee, berated fellow committee members after comments made by ECB President Mario Draghi in a confidential meeting were leaked to the media.
Spain Risks ECB Wrath With Unemployment Extension
Calling the move “just” in a country with unemployment near 25%, Prime Minister Mariano Rajoy also said that he was still considering asking for help from Europe to combat cripplingly high bond yields.
Europe Tries Sticks, Carrots in Battling Crisis
The eurozone is trying to combine rewards with punishments as it seeks to thwart a stubborn debt crisis that has embroiled the region for the past few years.
ECB Cuts Rates to 0.75%, Deposit Rates to Zero
The European Central Bank (ECB) cut its benchmark rate from an already-low 1% to a new record of 0.75%, in the hope that it would kickstart an economy on the skids.