Jeff Black

Yesterday, European Central Bank President Mario Draghi sent the euro falling and eyebrows rising when he suggested he was ready and willing to begin charging banks to park cash in a deposit facility in Frankfurt. A negative deposit rate, as...

The euro area has just come as close as it ever has to learning that what the European Central Bank gives, it can also take away. Before euro-area ministers agreed a last-ditch bailout in the small hours of Monday morning,...

Mario Draghi says the currency war is phoney. According to the European Central Bank president, there’s been too much “chatter” in the past two weeks about fluctuations in global currencies, set off by a decision by Japan’s central bank to...

It’s not going to be easy for Mario Draghi today. The President of the European Central Bank is often lauded as a straight talker. He might have to be just the opposite when he gives a press conference at 14:30...

As Europe’s political celebrities pack warm for the World Economic Forum in Davos next week, expectations of what they’ll achieve there are about as low as their economies’ growth rates. The Swiss mountain-resort pow-wow is shaping up to be a...

For Mario Draghi the last cut could be the deepest. Unlike the Federal Reserve and the Bank of England, the European Central Bank is perceived to still have room left with traditional measures to reduce the cost of borrowing. With...

This was supposed to be the easy part. But installing the ECB as the chief supervisor for all 6,071 banks in Europe by Jan. 1, 2013, just seems to keep getting more difficult. Even though a paragraph in the EU’s...

Paul Volcker once remarked that in order to stand up to the Germans, you have to be subservient to them, in monetary matters at least. Accordingly, Mario Draghi travels to Berlin tomorrow to face the German Bundestag and tell them...