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...
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Photograph by Ralph Orlowski/Bloomberg
Draghi Deposit Rate U-Turn Gets Negative Review
Photograph by American Images Inc
Draghi Dismisses Currency Spat as More Jaw Than War
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...
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In Snowy Berlin, Merkel and Hollande Claim There’s a Spark
If nothing else, Angela Merkel and Francois Hollande say they have chemistry. The two leaders may not have reenacted the 1963 embrace between West German Chancellor Konrad Adenauer and French President Charles de Gaulle at the Elysee Palace. But they...
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Foodie Finn Fishes for British EU Chips
Britishers contemplating an exit from the European Union got some food for thought from Finland today. “The EU without Britain is pretty much the same as fish without chips,” Finnish Prime Minister Jyrki Katainen told a group of Brussels reporters....
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Photograph by Hannelore Foerster/Bloomberg
Draghi Could Dodge Deposit-Rate Dilemma as Europe Cheers Up
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...
Read more »Today in Euro Crisis History: Opera Buffa
January 4, 2001 Greece Euro Entry Good News for Bond Investors: Rates of Return Bonus quote: “Greece is the best bond market in the euro zone,” said Andrew Snowball, who helps oversee about $5 billion at Julius Baer Investments Ltd,...
Read more »Today in Euro Crisis History: In the Beginning…
January 3, 1999 ECB Says Conversion to the Euro Was ‘Successful’ Europe’s debt crisis only seems like it has gone on forever. This series of blog posts looks at headlines from this date in previous years that highlight the roots,...
Read more »Today in Euro Crisis History: Cassandra & Co.
January 2, 2012 Euro Will Lose a Country in 2012 as Breakup Begins, CEBR Says At least one country will pull out of the euro area this year as the breakup of the single currency begins, according to the Centre...
Read more »Today in Euro Crisis History: Kryptonite
December 31, 2008 and January 1, 2009 Cyprus’s Economy ‘Shielded’ by Euro Switch, Orphanides Says Slovakia Adopts Euro, Shielding Economy From Crisis Slovakia became the 16th nation to join the euro region, after record advances in economic growth and the...
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Photograph by Siegfried Layda
Today in Euro Crisis History: May the Odds Be Forever in Your Favor
December 28, 2011 InTrade: 45% Chance of Euro Breakup by Dec. 31, 2013 Europe’s debt crisis only seems like it has gone on forever. This series of blog posts looks at headlines from this date in previous years that highlight...
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