TAG: Financial stability
EU will have to seize Russian assets eventually if it wants Ukraine to win, bank chief says
Policymakers need to stop worrying about the financial and legal ramifications of skimming proceeds from frozen Russian assets to arm Ukraine and must instead recognize Moscow's aggression poses a far greater risk to the European economy, a top European C...
6 months ago
Look away: The ECB is about to change its rules of engagement
ECB policymakers will meet on Wednesday outside of the framework of their usual monetary policy meetings to decide the technical details about how the central bank should operate in the post-QE era.All the signalling from the ECB suggests they don’t want...
6 months ago
ECB sees no fault in mission to ‘train’ staff minds on climate
The European Central Bank (ECB) is refusing to back down in a row with staff over perceived “disrespect” by top management toward staff.Earlier this week, the bank's staff committee wrote to President Christine Lagarde to protest at comments at an interna...
6 months ago
Europe must quicken green efforts after election, EU climate chief says
STRASBOURG — The next crop of European Union officials must accelerate the push to slash planet-warming pollution and prepare for an extreme weather surge. That’s EU climate chief Wopke Hoekstra's message after scientists’ latest warning that the Continen...
6 months ago
Italian banks brace for an uncertain future after a bumper year
One of Europe’s most anxiously watched financial centers is about to find out that what goes up must come down.Italy’s banks have had a bumper run, returning to rude health a decade after nearly collapsing under a mountain of debt and almost bringing the...
6 months ago
ECB’s Lagarde digs in as US pushes Europe on using Russian assets for Ukraine aid
WASHINGTON — European Central Bank President Christine Lagarde dug in her heels on the issue of Russia's frozen assets, despite growing pressure on Europe to raise funds for Ukraine. Speaking at the Council for Foreign Relations on Wednesday, Lagarde stre...
5 months ago
Investors too confused by French election to panic — yet
Financial markets went into France's Sunday election bracing for a good old-fashioned freakout — but the results from the first round of voting were too confusing to trigger a selloff. On the contrary, initial reactions on Monday suggested a measure of re...
2 months ago
France mourns its loss of influence in von der Leyen’s new Commission
BRUSSELS — Emmanuel Macron's clout on the European stage just isn't what it used to be.One day after now-former French Commissioner Thierry Breton resigned in a huff, five French officials bemoaned a loss of influence for Paris in Brussels after Ursula vo...
4 weeks ago
BoE governor hits back at Liz Truss’ ‘deep state’ claims
Bank of England Governor Andrew Bailey hit back against former U.K. Prime Minister Liz Truss, saying her downfall was caused by her decisions and those of her team, rather than any “deep state” conspiracy.“I don’t know what she means by that,” Bailey told...
1 week ago