ECB agrees to more emergency loans for Greek banks

The Greek bank rescue mission is finally underway, but it is coming slowly. In a surprise announcement on Thursday, European Central Bank president Mario Draghi announced that the Greek banks would receive an additional €900-million ($1.27-billion) in emergency liquidity assistance (ELA) loans over one week.

What Crisis? Stronger Banks, Economies Ease Fear Over Greece

The prospect of a Greek crackup isn't so terrifying anymore.

The ECB's in a Tight Spot Over Greece

European Central Bank policy makers will discuss Greek bank aid on Wednesday in a chore that is getting more uncomfortable every week.

Varoufakis refuses any bailout plan that would send Greece into ‘death spiral’

Greece’s embattled finance minister, Yanis Varoufakis, stepped up his war of words with eurozone policymakers on Thursday, saying he wished his country still had the drachma, and would not sign up to any bailout plan that would send his country into a “death spiral”.

European Central Bank Squeezes Greek Banks, Tightening Access to Loans

As Greece scrambles to secure a financing deal with Europe before running out of cash, the European Central Bank is tightening the vise on the country’s ailing banks by curtailing access to desperately needed emergency loans.

ECB deflation fears sparked QE launch

Fears of continued deflation in the euro zone spurred the European Central Bank's (ECB) Governing Council to launch its controversial quantitative easing program in January, minutes of the key policy meeting revealed.

Dollar Gains for Fifth Month as U.S. Economy Diverges From World

The dollar advanced for a fifth consecutive month as the U.S. moves closer to its first interest-rate increase since 2006, while policy makers from Japan, the euro-area and China pledge further stimulus to support growth.

Eurozone survey rise does not ease recession fears

LONDON (AP) - A stronger than anticipated economic survey Thursday failed to inspire much optimism that the recovery in the 18-country eurozone and of France in particular would be anything but muted.

Draghi’s ‘Whatever It Takes’ Plan Faces Trial at EU Court

European Central Bank President Mario Draghi’s pledge to do “whatever it takes” with a bond-buying plan to save the euro-area goes on trial before the European Union’s top judges today.

Draghi's ECB surprise puts off bigger quantitative easing for now

(Reuters) - The European Central Bank's surprise interest rate cut and new schemes to bolster lending have allowed its president to swerve a thorny debate over full-scale money printing in the hope that such a move may never be needed.

About-face for ECB's Draghi as he seeks to jolt euro zone into life

(Reuters) - Prodding governments to do more to boost demand and hinting at European Central Bank action to go along with it marks a major shift in ECB chief Mario Draghi's euro zone policy away from a focus on austerity toward reviving growth.

Eurozone woes deepen as Spain's industry slumps

Hopes for a recovery in the eurozone suffered another blow on Wednesday with figures showing industrial output fell for a second successive month.

Euro zone recovery uneven, rates to stay low: ECB's Draghi

(Reuters) - European Central Bank President Mario Draghi said on Thursday that an uneven economic recovery in the euro zone and the bloc's inflation outlook meant interest rates would stay low for an extended period.

Spanish Notes Climb Amid Speculation ECB Loans Will Extend Rally

Spanish two-year notes rose for a second week, with yields dropping to a record, as details of the European Central Bank’s targeted-loans program boosted bets this year’s rally in fixed-income assets can extend.

ECB says measures will push inflation up, but money-printing still possible

(Reuters) - A raft of policy measures introduced last month will help lift inflation and support bank lending but the European Central Bank stands ready to create money in future if required, President Mario Draghi said on Thursday.

Euro zone has correct fiscal stance to cut debt, help growth: IMF

(Reuters) - The euro zone's fiscal stance strikes the right balance between reducing debt and bolstering demand, the International Monetary Fund said in a statement on Thursday.

ECB set for growth-boosting interest rate cut

Expectations are running high that the European Central Bank (ECB) will loosen its monetary policy at its meeting on Thursday.

ECB Says Search for Yield May Harm Financial Stability in Europe

The European Central Bank said that financial stability in the euro area is at risk as investors step up their search for higher returns and weak economic growth weighs on banks’ balance sheets.

Mario Draghi's pillow talk keeps the euro below $1.40

That Mario Draghi, he's such a tease. Rarely has there been a central banker who can string along financial markets by talk alone and the president of the European Central Bank was at it again on Thursday.Be patient, Draghi said.

ECB keeps interest rates on hold at 0.25%

The European Central Bank (ECB) has kept its benchmark interest rate at a record low of 0.25%. It comes despite the fact that inflation in the currency bloc fell to a five year low in March.