Greek talks must yield imminent agreement, says European Central Bank

Mario Draghi, the president of the European Central Bank, has warned that time is rapidly running out to resolve the Greek debt crisis, as financial markets took fright at the prospect of a looming default.

ECB starts buying covered bonds in fight to revive euro zone economy

(Reuters) - The European Central Bank has started buying covered bonds, an ECB spokesman said on Monday, opening a new front in its battle to revive the euro zone economy and keep deflation at bay.

France to miss EU budget deficit target

France has admitted it will overshoot the EU's 3% budget deficit target this year, putting the eurozone's second-biggest economy on a collision course with Brussels.

ECB cuts rates to ward off euro zone deflation threat

(Reuters) - The European Central Bank cut interest rates to new record lows on Thursday, unexpectedly lowering borrowing costs to try to lift inflation from rock-bottom levels and support the stagnating euro zone economy.

Draghi Safety Net Becomes Blindfold to Risk as Bonds Soar

Two years since European Central Bank President Mario Draghi’s historic promise to defend his currency bloc, there are signs bond investors are growing too complacent under his protection.

Greece Resists Troika on Third Bailout as Draghi Protests Delays

Greece fought off calls to consider a third bailout as European Central Bank President Mario Draghi warned that the pace of economic fixes is slowing, officials said after euro-area finance ministers met yesterday.

ECB’s Noyer says seems deflation risk has been avoided

(Reuters) - European Central Bank (ECB) policymaker Christian Noyer said on Saturday it seemed that the risk of deflation had been avoided in euro currency zone, even if inflation remained too low.

ECB's long-term loans to see strong demand, won't boost interbank lending: poll

(Reuters) - Demand for the European Central Bank's newly announced long-term loans will be strong, traders polled by Reuters said, but they will do little to boost interbank lending.

Bundesbank Cuts Prices Forecast as ECB Fights Low Inflation

The Bundesbank cut its inflation forecast for Germany this year, reflecting the euro area’s battle with subdued price pressures.

BOJ's Sato warns euro area of Japan-style deflation risk

Japan, June 5 (Reuters) - The euro area may face a prolonged period of disinflation that risks harming long-term price expectations, a Bank of Japan policymaker said, warning that the region should not take lightly the potential danger of slipping into a Japan-style deflationary period.

Euro Factory Surveys Rise as Price Weakness Persists

Euro-area services and manufacturing expanded faster than economists forecast in April, indicating the economy continued to strengthen at the start of the second quarter.

German Economy Strengthens as Industry Survey Beats Estimate

German manufacturing and services strengthened more than economists forecast this month, adding to signs that the euro area’s largest economy is underpinning the region’s recovery.

ECB president takes swipe at IMF over policy recommendations

European Central Bank President Mario Draghi swatted away suggestions from the International Monetary Fund that his bank should ease monetary policy further on Thursday, questioning the timing of the Fund's most recent comments.

European Central Bank keeps interest rates at 0.25%

The European Central Bank (ECB) has kept its benchmark interest rate at its record low of 0.25%. The bank slightly raised its forecast for growth to 1.2% in 2014, but dropped its inflation estimate.

Draghi comments at ECB news conference

Following are comments by ECB President Mario Draghi at a post-meeting news conference.

Banks Could Still Face Tougher Capital Requirements to Prevent Crises

FRANKFURT — Ever since the end of the 2008 financial crisis, the world’s leaders have searched for ways to shore up the banking system.

Carney Fight Against Higher Rates Helped by Inflation

Bank of England Governor Mark Carney has won respite in his battle to keep a lid on interest rates after inflation slowed to the 2 percent target for the first time in four years.

Draghi Says Bank-Aid Rules Must Be Flexible on Forced Losses

European Central Bank President Mario Draghi said banks should be able to access public aid without wiping out junior bondholders if regulators decide a lender needs more capital and isn’t on the brink of failure.

Irish Near Bailout ‘End-Game’ With Less Austerity in Budget

Ireland will today unveil its final budget before becoming the first country in the euro region to exit a bailout program, with the government planning to scale back austerity to foster economic growth.

Spanish bank debt to ECB at lowest for 18 months: bank

MADRID: The net debt owed by Spanish banks to the European Central Bank fell in September to the lowest level for 18 months, data from the Bank of Spain showed on Monday.