According to
European Central Bank's data, funding from ECB to Cypriot banks rose in August 2013 to 1.58 billion Euros from 354 million Euros the previous months.
Thus, unanimous recommendations by the Basel Committee are superior to majority decisions of the
European Central Bank.
Mario Draghi caused a powerful market sell-off at the end of the week, after his comments that the
European Central Bank is facing opposition with Germany's Bundesbank, leaving the biggest economy in Europe in a difficult negotiating position.
Three letters from the then president of the
European Central Bank, Jean-Claude Trichet, to the late Finance Minister Brian Lenihan culminated in an insistence that Ireland apply for a bailout or risk being cut off from support.
President of the
European Central Bank Mario Draghi faces a challenge to stimulate a weakening eurozone economy
The
European Central Bank said it was making it cheaper for banks to get US dollar liquidity when they need it, starting next Monday.
The joint move by the five including the
European Central Bank, the Bank of England and the Swiss National Bank is apparently aimed at addressing possible dollar shortages faced by the European financial institutions amid the sovereign debt crisis in the region.
Italy's Mario Draghi has become a hot favourite to take over from Jean-Claude Trichet at the head of the
European Central Bank (ECB) in October after Germany's Chancellor Angela Merkel finally gave him her backing.
A top
European Central Bank (ECB) official has said that interest rate decisions at the central bank could be affected by the crisis in Japan.
Answering a question on the
European Central Bank, Babacan said that Turkey respected the independence of the
European Central Bank.
BRUSSELS: A collapse of wage restraint in Germany would cause the
European Central Bank problems in its fight against inflation, ECB Governing Council member Guy Quaden said yesterday.