EMM News Explorer: European Central Bank

Juncker [-told]: The ECB must look, within the framework of its independence, what sort of contribution it can make to the debt reduction of Greece,

bloomberg 10-FEB-12

Juncker [-said]: The ECB must look, within the framework of its independence, what sort of contribution it can make,

bloomberg 10-FEB-12

Draghi [-said]: If the ECB gives money to governments, that's monetary financing. If the ECB distributes part of its profits to its member countries as part of the capital key, that's not monetary financing,

reuters 09-FEB-12

Draghi [-said]: All this talk about the ECB sharing the losses (is) unfounded,

eubusiness 09-FEB-12

Draghi [-said]: I haven’t said yet what the ECB is going to do about Greece, so it’s just a very difficult question to answer,

bloomberg 09-FEB-12

Draghi [-insists]: The ECB has probably entered wait-and-see mode.

france24 09-FEB-12

Jörg Krämer [ said]: The probability of the ECB selling bonds to the EFSF at the purchase price has risen dramatically,

wsj 09-FEB-12

Draghi [ explained]: Based on our regular economic and monetary analysis we decided to keep the key ECB interest rates unchanged,[*]the information that has become available since January, broadly confirms our previous assessment. Inflation is likely to stay above 2 percent for several months to come before declining to below 2%. Available survey indicators confirms some tentative signs of stabilization in economic activity at low level around the turn of the year. The economic outlook remains subject to high uncertainty and do

voanews 09-FEB-12

Draghi [-said]: If the ECB distributes part of its profits to its member countries as part of the capital key, that's not monetary financing,

reuters 09-FEB-12

Ethan Harris [ said]: The ECB has bought some room to breathe for Europe, but a recession is a matter of time, in our view,

thestar 06-FEB-12

Holger Schmieding [ said]: The ECB could promise to sell their holdings of Greek sovereign bonds upon maturity to the Bank of Greece at their original purchase prices,

bloomberg 02-FEB-12

Venizelos [-told]: In parallel with negotiations with private creditors, there must be negotiations for the official sector involvement. This means that the ECB must be mobilized, and we must resolve issues pertaining to national central banks,

reuters 02-FEB-12

Michael Schubert [ said]: It’s possible that the ECB is already working on a compromise behind closed doors,

bloomberg 02-FEB-12

Beltratti [ said]: But while the ECB help is very useful, it's not normal, and in the long run will help only if European governments are able to achieve the necessary fiscal adjustments within the next three years,

wsj 01-FEB-12

Christian Schulz [ said]: I don't see why the ECB should [forgo] a profit on Greek bonds but then make a profit on Portuguese bonds,

wsj 01-FEB-12

Christian Schulz [ said]: The ECB will stay put in February and wait for the impact on staff projections in March, before they cut rates again,

ibtimes 01-FEB-12

Schulz [ said]: The ECB could say is it's up to the shareholders on what to do with the profits,

wsj 31-JAN-12

Monti [-said]: The treaty should give markets the reassurance that there is an institutional infrastructure within which we now operate. It should also give governments, institutions including the ECB, reassurance that Europe is now strong and single member states have constitutionalized fiscal discipline,

xinhuanet_en 31-JAN-12

Christian Schulz [ said]: I don't see why the ECB should (forgo) a profit on Greek bonds but then make a profit on Portuguese bonds,

wsj 31-JAN-12

Sarkozy [ said]: >EU summit saw the Czech Republic become the second state to pull out of the budget discipline pact. But with the European Central Bank's mint working flat out, the EU crisis is still deepening, says analyst Johan Van Overtveldt. The first EU summit of 2012, which yet again focused on the financial crisis in the region, gave the crucial go-ahead to for German fiscal rule to limit the size of member countries’ spending. The UK had already bowed out of the pact in December. In a surprise move, the Czech R

rt 31-JAN-12

Zoellick [-said]: I’m really glad the ECB took these actions, but let’s not be complacent,

bloomberg 29-JAN-12

Asmussen [-told]: As you know, the abbreviation stands for private sector involvement. The ECB and the euro system are clearly not private,

reuters 27-JAN-12

Geithner [-said]: You have three new governments doing some very tough things. You have an ECB doing what central banks have to do. You see them move to try to strengthen the financial sector.

news 27-JAN-12

Michael Noonan [said:]: All along we have been told by the ECB the consequences would be serious if we did not pay.

RTERadio 25-JAN-12

Draghi [ added]: By and large, the banks that have borrowed the money from the ECB are not the same that are re-depositing the money with the ECB,

thenews 24-JAN-12

Draghi [ added]: By and large, the banks that have borrowed the money from the ECB are not the same that are redepositing the money with the ECB,

nation 23-JAN-12

McDonald [said that:]: the IMF has always taken a different position than the ECB. On this matter the IMF take a more rational view because as you know, they are not against the private sector taking a hit and bondholders taking their medicine,

RTERadio 23-JAN-12

Prodi [-said]: Greece's exit from the euro or a default would be an particularly negative development for all the Eurozone member-states. I am deeply convinced that the entire Eurozone needs the issue of eurobonds and the immediate, substantial strengthening of the European Central Bank. As long as there is not a strong central bank as in the United States, speculators will continue to attack our countries,

hri 20-JAN-12

Osborne [-said]: It is still a crisis and given what we expect to come down the pike -- more credit problems, a deep recession and more aggressive European Central Bank easing -- we still think the underlying euro trend is lower,

bloomberg 19-JAN-12

Asmussen [said:]: I will not comment on possible discussions on the Board of governers. The talks are confidential...The ECB has a whole series of further unconventional measures, for example the liquidity operations.

irishtimes 19-JAN-12

Osborne [-said]: The eurozone has made progress in recent months, in particular the provision of liquidity to banks by the ECB,

khaleejtimes 18-JAN-12

Jörg Krämer [ says]: The ECB is increasingly assuming the role of a provider of public-sector finance and is helping out by printing money,

spiegel 16-JAN-12

Osborne [-said]: The euro zone has made progress in recent months, in particular the provision of liquidity to banks by the ECB,

news 16-JAN-12

Hewson [said:]: it would appear that last month's actions by the European Central Bank to try and break the logjam in the European banking system in the form of three-year loans appear to be meeting with some success in bringing these yields lower.

france24 13-JAN-12

Draghi [-said]: The ECB is extremely careful about signs of pressure being put on decision-making bodies, by the decision-making bodies of any member state on their NCB (national central bank),

euronews 13-JAN-12

Schulz [-also promised]: If elected president, I will fight this. Parliament's negotiators are the only ones who have been eliminated from the eurozone crisis talks but parliament should be an equal partner alongside the ECB, commission and council. I do not want it to be left out in the cold.

theparliament 12-JAN-12

Draghi [ said]: I also have to say that the ethical code that we have in place at the ECB — which is, by the way, public — prevents any such happening,

AP 12-JAN-12

Draghi [ said]: I also have to say that the ethical code that we have in place at the ECB which is, by the way, public prevents any such happening,

news 12-JAN-12

Loynes [-added]: The key message from the January 12th meeting and subsequent press conference looks likely to be that the ECB is still not prepared to ride to the rescue of indebted euro-zone governments,

finanznachrichten 12-JAN-12

Rehn [-said]: We work together with ECB (European Central Bank) and IMF in order to negotiate with the Greek government a second programme that will ensure sustainability of finances,

focus 10-JAN-12

Schubert [concluded that:]: looking ahead... the ECB is likely to keep the door open to all options.

nation 09-JAN-12

Archer [-said]: indicates that the ECB will probably be reluctant to trim interest rates again as soon as in January,

nation 09-JAN-12

Orban [-said]: We have adopted 13 and a half of 15 recommendations by the European Central Bank, which could easily be a European record, and we continue to be cooperative,

eubusiness 06-JAN-12

Asmussen [-told]: I think that (ECB chief) Mario Draghi has been clear on the fact that these purchases of government bonds are compatible with the ECB's mandate,

eubusiness 06-JAN-12

Howard Archer [ said]: Consequently, we expect the ECB to respond to likely euro zone contraction in the fourth quarter of 2011 and the early months of 2012 by cutting interest rates further,

ibtimes 04-JAN-12

Howard Archer [ said]: Consequently, we expect the ECB to respond to likely Euro zone GDP contraction in the fourth quarter of 2011 and the early months of 2012 by cutting interest rates further,

indiatimes 04-JAN-12

Howard Archer [ said]: Consequently, we expect the ECB to respond to likely euro zone GDP contraction in the fourth quarter of 2011 and the early months of 2012 by cutting interest rates further,

theglobeandmail 04-JAN-12

Howard Archer [ said]: We believe that the generally dire euro zone purchasing manufacturers surveys provide significant support to the case for the ECB to cut interest rates again in the early months of 2012, especially as they show essentially muted inflationary pressures,

economictimes 02-JAN-12

Weidmann [-said]: We can only maintain the necessary pressure on politicians when the ECB limits itself to its primary aim of keeping inflation under control and doesn’t jump into the breach for fiscal policy... we must set clear boundaries,

theglobeandmail 01-JAN-12

Weidmann [-said]: We can only maintain the necessary pressure on politicians when the ECB limits itself to its primary aim of keeping inflation under control and doesn't jump into the breach for fiscal policy... we must set clear boundaries,

news 01-JAN-12

Howard Archer [ said]: The sharp slowdown in euro-zone money supply growth in November reinforces belief that underlying euro-zone inflationary pressures are easing and that the ECB has ample scope to cut interest rates again in the early months of 2012,

wsj 29-DEC-11

Audrey Childe-Freeman [ said]: The euro remains biased towards the downside, not just from a debt crisis perspective, but also from a fundamental perspective, with the European Central Bank expected to move towards more aggressive quantitative easing,

theglobeandmail 29-DEC-11

Neil MacKinnon [ said]: Italian debt accounts for a significant portion of total eurozone funding in the first quarter, and the ECB will have to step up its bond purchases,

france24 28-DEC-11

Hunter [-added]: None of the themes have changed - the European situation is still moving ahead very slowly. Obviously the ECB loans news yesterday is a mild positive, but in terms of accelerating growth in the euro zone and sorting out the sovereign debt position, that's still a work in progress,

ibtimes 22-DEC-11

Philip Shaw [ said]: Yesterday wasn't a great day with all the headlines about the ECB. The markets have now had an opportunity to assess yesterday's trading and are saying the gloom was perhaps overdone,

wsj 22-DEC-11

Andrey Kryuchenkov [ said]: As much as the market was quite positive yesterday about the ECB first long term auction being oversubscribed, and the hope that the money can filter through to the commercial banks, recapitalising Europe, this euphoria dissipated very quickly,

iol 22-DEC-11

Michael Hewson [ said]: >European Central Bank's first ever offer of three-year loans to banks raised hopes the euro zone would avert a liquidity crisis and head towards economic recovery. The supply of limit-free and ultra-cheap cash boosted sentiment across financial markets after banks took up a greater-than-expected 489 billion euros. The ECB's successful tender added to optimism after US housing starts and building permits were shown to have jumped to a 1-1/2 year high in November. Brent crude was up 22 cents to $106.93 a bar

kuwaittimes 22-DEC-11

Schubert [-said]: But there's a second argument, which is to do carry trades by borrowing on the cheap at the ECB and buying sovereign bonds. We don't know what the banks are using the money for,

chinadaily 22-DEC-11

Michael Schubert [ said]: What the ECB wants is that the funds be used by banks to keep handing out loans,

chinadaily 22-DEC-11

Michael Hewson [ said]: Cheap funding from the ECB has boosted equity markets,

dailytimesPK 21-DEC-11

Christian Schulz [ said]: The number (489 billion euros) beats the previous record of 442 billion euros (the ECB allotted) in June 2009,

news 21-DEC-11

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