European Central Bank

The elephant in the room is actually being talked about. Or the elephant in the china shop, if you want to take the German metaphor invoked today by one jurist at the Constitutional Court in Karlsruhe, where the country’s top...

The words “grave economic catastrophe” aren’t commonly among the crafted Swabian pronouncements of German Finance Minister Wolfgang Schaeuble when he discusses the European debt crisis. But they did emerge Tuesday evening in Berlin as he fielded questions from Christian Democratic...

If you want to send a clear message to the German public, the place to do it is apparently Shanghai. As in Shanghai, China. A week before Bundesbank President Jens Weidmann gives his views on Mario Draghi’s euro-saving OMT program...

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...

Former Prime Minister Silvio Berlusconi has cut the lead of front-runner Pier Luigi Bersani to 5 percentage points in the countdown to Italian parliamentary elections Feb. 24-25. Berlusconi is tapping into public anger over a banking scandal at Banca Monte...

Revelations that Banca Monte Paschi hid details of structured finance deals that may produce hundreds of millions of euros in losses is embroiling everyone from Italian Prime Minister Mario Monti to European Central Bank President Mario Draghi, while providing fodder...