Latest European Central Bank News

A man walks by the Euro sculpture in front of the old the European Central Bank in Frankfurt, Germany, Tuesday, May 5, 2020. Germany's Constitutional Court has ruled that the country's central bank must stop participating in a key European Central Bank stimulus program but gave the ECB time to demonstrate that the stimulus program is needed and appropriate. (AP Photo/Michael Probst)

Croatia, Bulgaria take big step toward joining the euro

Jul. 10, 2020 6:39 PM EDT

FRANKFURT, Germany (AP) — Croatia and Bulgaria took a big step toward joining the shared euro currency Friday, underlining the currency bloc's attraction despite its 2010-2015 debt crisis and the continuing debate about how to strengthen it against possible future trouble. Finance ministers of the 19...

German President Frank-Walter Steinmeier, left, and the former President of the European Central Bank (ECB), Mario Draghi, right, pose for the media at the Bellevue Palace in Berlin, Germany, Friday, Jan. 31, 2020. Mario Draghi has been awarded Germany's highest honor. It was a recognition of his central role in helping preserve Europe's single currency that has met with some criticism in the eurozone's biggest economy.  (Britta Pedersen/dpa via AP)

Pope names Draghi, ex-head of European Central Bank to panel

Jul. 10, 2020 9:48 AM EDT

VATICAN CITY (AP) — Mario Draghi, the former head of the European Central Bank, has been appointed by Pope Francis to a Vatican advisory panel, the Holy See said on Friday. The pontiff named Draghi, 72, as a member of the Pontifical Academy of Social Sciences. An economist who received his doctorate from...

FILE - In this file photo dated Friday, May 1, 2020,  the European Central Bank is shadowed by heavy clouds in Frankfurt, Germany.  The central bank for the 19 countries that use the euro said Thursday June 18, 2020, That it has handed out more than a trillion euros in cheap loans to banks as part of its effort to get the economy through the virus outbreak.  (AP Photo/Michael Probst, FILE)

European Central Bank hands out 1.3 trillion euros in loans

Jun. 18, 2020 11:31 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank has handed out 1.31 trillion euros ($1.46 trillion) in long-term, ultra-cheap credit to hundreds of banks as part of its emergency support aimed at cushioning the impact of the coronavirus pandemic on businesses and workers. The three-year loans are...

A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, June 5, 2020. Asian markets are mostly lower after Wall Street rally takes a breather, as investors parse unemployment data. (AP Photo/Eugene Hoshiko)

Wall Street's rally zooms higher after surprise gain in jobs

Jun. 5, 2020 4:54 PM EDT

For weeks, critics said Wall Street’s big rally made no sense when the economy seemed set for only more despair. On Friday, it got a bit of validation. The S&P 500 jumped another 2.6% after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the worst of the...

A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, June 5, 2020. Asian markets are mostly lower after Wall Street rally takes a breather, as investors parse unemployment data. (AP Photo/Eugene Hoshiko)

Asian shares higher after jobless data snaps Wall St rally

Jun. 5, 2020 12:50 AM EDT

Shares were mostly higher in Asia on Friday after U.S. unemployment data gave the S&P 500 its first loss in five days. Tokyo's Nikkei 225 index gained 0.4% to 22,790.65 after opening lower. The Hang Seng in Hong Kong edged 0.1% higher, to 24,371.38. India's Sensex rose 0.8% to 34,265.86 and the Kospi in...

FILE -- In this Thursday, March 12, 2020 file photo the President of European Central Bank Christine Lagarde looks up prior to a press conference following a meeting of the ECB governing council in Frankfurt, Germany. The European Central Bank has boosted its pandemic emergency support program by 600 billion euros to 1.35 trillion euros ($1.5 trillion) in an effort to keep affordable credit flowing to the economy during the steep downturn caused by the virus outbreak. (AP Photo/Michael Probst, file)

European Central Bank nearly doubles pandemic support scheme

Jun. 4, 2020 2:10 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600 billion euros to 1.35 trillion euros ($1.5 trillion), adding to efforts in Europe and around the world to help the economy weather the steep downturn caused by the virus...

European Central Bank says eurozone economy to shrink by 8.7% this year due to coronavirus pandemic

Jun. 4, 2020 8:44 AM EDT
FRANKFURT, Germany (AP) — European Central Bank says eurozone economy to shrink by 8.7% this year due to coronavirus pandemic.

European Central Bank boosts pandemic support program by 600 billion euros ($670 billion) to 1.35 trillion euros

Jun. 4, 2020 7:48 AM EDT
FRANKFURT, Germany (AP) — European Central Bank boosts pandemic support program by 600 billion euros ($670 billion) to 1.35 trillion euros.
Students wearing face masks to help protect against the spread of the new coronavirus stand in a line to have their body temperatures checked before entering their classrooms at a high school in Ulsan, South Korea, Wednesday, Jun 3, 2020. (Bae Byung-soo/Newsis via AP)

The Latest: New Zealand on verge of eradicating virus

Jun. 3, 2020 10:02 PM EDT

The Latest on the coronavirus pandemic. COVID-19 causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. ___ WELLINGTON, New Zealand - New Zealand is on the verge of eradicating the virus from its...

The buildings of the banking district are seen in Frankfurt, Germany, at dawn on early Sunday, May 31, 2020. (AP Photo/Michael Probst)

With Italy at risk, Europe Central Bank could boost stimulus

Jun. 2, 2020 2:28 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank could soon expand its anti-pandemic stimulus program to more than a trillion euros, giving it more firepower to keep the virus crisis from sliding into a new financial crisis for the 19 countries that use the euro. Analysts say that the ECB's 25-member...