Brussels 18.04.2024 Recalling its conclusions from 21-22 March 2024, the European Council reiterated its full and unwavering support for Ukraine, its people and its independence, sovereignty and territorial integrity within its internationally recognised borders. In this regard, EU leaders: strongly condemned Russia’s continued air and missile attacks against Ukrainian civilians and critical infrastructure, including the…
Tag: ECB
President Michel invites for EU Summit
Brussels 20.03.2024 Over the course of 21-22 March summit, the EU leaders will discuss continued support for Ukraine in the face of Russia’s war of aggression, security and defence issues, the unfolding situation in the Middle East, enlargement, external relations, migration, agriculture and the European Semester. Invitation letter by President Charles Michel (pictured) to the…
ECB: ECJ versus German judges
The European Court of Justice found itself in utmost controvericial situation in its 68-year history created by the German judges. Germany’s constitutional court has accused the ECJ of “overstepping its powers” by backing the ECB’s quantitative easing program. “This is a declaration of war on the ECJ, an invitation for other countries to ignore decisions…
MEPs endorsed Lagarde for EBC chair
Christine Lagarde (France) obtained Parliament’s approval to be the European Central Bank (ECB) next president, in a plenary vote on September 17. In the secret vote, MEPs casted 394 ballots in favour, 206 against and 49 abstentions to recommend Lagarde to head up the European Central Bank. Christine Lagarde gets👍from MEPs to be the ECB’s…
Merkel excluded debt releif for Italy
German Chancellor Angela Merkel has excluded debt relief for Italy, explaining in a newspaper interview published on Sunday (3/06/2017) that the principle of solidarity among eurozone member states should not turn the single currency bloc into a debt-sharing union. German Chancellor Angela Merkel dismissed the Italian government's calls to the European Central Bank for debt…
Luis de Guindos to head ECB
Eurozone finance ministers on Monday (19/02/2017) have endorsed Spanish Economy Minister Luis de Guindos to succeed European Central Bank (ECB) vice president Vitor Constancio in May, the choice will enlarge the chances of a German becoming head of the ECB next year. #Eurogroup gives its support to the candidacy of @LdeGuindos for the position of #ECB…
Greece in lethargy of recession
Greece and its international lenders made clear progress towards bridging differences over its fiscal path in coming years, moving closer to a deal that would secure new loan disbursements and save the country from default. “We made substantial progress today and are close to common ground for the (lenders’) mission to return to Athens the…
#Draghi: Asset purchases go on
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council, which was also attended by the Commission Vice-President, Mr Dombrovskis. Based on our regular economic and monetary analyses, we today conducted a comprehensive assessment of…
ECB: changes coming
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council continues to expect the key ECB interest rates to remain at…
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