ECB’s Draghi faces risks in talking up stimulus prospects
FRANKFURT—European Central Bank President Mario Draghi over the past week has repeatedly talked up the prospects of additional stimulus for the eurozone, doubling down on his unexpected pledge to review the bank’s €1.5 trillion [...]
Results of the Q1 2016 ECB Survey of Professional Forecasters (SPF)
SPF inflation expectations have been revised downwards for 2016 from 1.0 to 0.7 percent Real GDP growth expectations are unchanged in the 1.7-1.8% range Unemployment rate forecasts have been revised downward and remain on [...]
China worries weigh ahead of European Central Bank policy decision
FRANKFURT—European Central Bank policy makers here are accustomed to looking south for economic trouble spots. In the past, weakness in Greece and southern Europe has hindered growth in the 19-country currency bloc. But when [...]
Sanctions confusion leaves European banks wary of Iran business
European banks will be wary about conducting new business in Iran even after many international sanctions are lifted, European executives and officials have warned — potentially limiting the economic benefits Iran will receive from [...]
ECB under fire as Portugal hits Novo Banco bondholders
Investors have cried foul, threatening legal action and claiming Portugal is discriminating between holders of the same class of bonds and thus breaching the pari passu principle of equal treatment to protect domestic bondholders. [...]
Single resolution mechanism to come into effect for the Banking Union
The Single Resolution Mechanism (SRM) will become fully operational on 1 January 2016. The SRM implements the EU-wide Bank Recovery and Resolution Directive (BRRD) in the euro area. The full resolution powers of the [...]