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Dublin: 12 °C Sunday 31 August, 2014
European Central Bank

European Central Bank

The function of the ECB is to administer the monetary policy of the 16 Eurozone countries. The primary aim of the ECB is to keep inflation low and maintain price stability in the Union. It is one of the most important central banks in the world. Its headquarters are in Frankfurt.

# european-central-bank - Sunday 10 August, 2014

From Business ETC “Second class Euro membership”: Ireland could lose automatic right to ECB vote Voting Rights

“Second class Euro membership”: Ireland could lose automatic right to ECB vote

Under the new system, for one month every year Ireland will not be able to vote.

# european-central-bank - Thursday 5 June, 2014

From Business ETC Is this the big bazooka? – €400 billion funding package announced by Draghi Kablamo

Is this the big bazooka? – €400 billion funding package announced by Draghi

SME and non-financial corporate lending is the main target of today’s package of measures, with the ECB also cutting inflation expectations.

From Business ETC ECB announces negative rate in bid to fight deflation Uncharted Territory

ECB announces negative rate in bid to fight deflation

The rate at which the European Central Bank pays commercial banks for depositing their unused cash has been reduced from zero per cent to minus 0.10 per cent.

# european-central-bank - Wednesday 14 May, 2014

From Business ETC Mario has a bonus for tracker mortgage holders next month Super Mario

Mario has a bonus for tracker mortgage holders next month

Frankfurt looks set to deliver a long-awaited interest rate cut next month.

# european-central-bank - Wednesday 7 May, 2014

From Business ETC Trichet: I won’t appear before banking inquiry – it’s not my responsibility Not My Problem

Trichet: I won’t appear before banking inquiry – it’s not my responsibility

The former head of the ECB also said the Irish government made a decision on the bank guarantee without any consultation with the bank or other countries.

# european-central-bank - Thursday 1 May, 2014

From Business ETC European Bank Holiday leaves employees without wages despite early warnings Transactions

European Bank Holiday leaves employees without wages despite early warnings

No interbank transaction can take place across the EU today.

# european-central-bank - Sunday 20 April, 2014

From Business ETC Damien Kiberd: United States of Europe? Then show us the benefits Opinion

Damien Kiberd: United States of Europe? Then show us the benefits

With the EU forcing us into a ‘devaluation for slow learners’, isn’t it time we look closer at what exactly the euro has done for us?

# european-central-bank - Monday 24 March, 2014

Here’s the letter the European Central Bank president wrote to a Fianna Fáil TD ECB

Here’s the letter the European Central Bank president wrote to a Fianna Fáil TD

Responding to queries from the finance spokesperson, Draghi said that ‘the viability of nationalised banks’ needs to be addressed.

# european-central-bank - Friday 21 March, 2014

From Business ETC Bank borrowing from ECB at lowest level since guarantee Life Support

Bank borrowing from ECB at lowest level since guarantee

Health of Irish system appears to be on the up as calls for support from Frankfurt slide

# european-central-bank - Wednesday 12 March, 2014

Feeling stressed? Banking tests on the horizon – but what do they mean?

A major review of Irish and European banks is due in the Autumn, and could have serious political and financial consequences.

# european-central-bank - Monday 10 March, 2014

Noonan: The Central Bank and Morgan Kelly should ‘have a conversation’

The Finance Minister has said that the Central Bank has “primary responsibility” regarding SME loans.

# european-central-bank - Thursday 5 December, 2013

From Business ETC Steady as she goes: ECB holds interest rate at record low of 0.25 per cent Super Mario

Steady as she goes: ECB holds interest rate at record low of 0.25 per cent

Good news for those on tracker mortgages today as records remain at a record low.

# european-central-bank - Tuesday 26 November, 2013

‘It’s odious debt’: Dáil to debate ‘burning the bondholders’ tonight and tomorrow

The government will almost certainly oppose the motion and ensure that it does not pass when a vote is held tomorrow night.

# european-central-bank - Wednesday 13 November, 2013

From Business ETC Column: The real problem to our economic crisis? The eurozone itself is deeply flawed. Column

Column: The real problem to our economic crisis? The eurozone itself is deeply flawed.

Our shared currency system is not just preventing our ability to recover but is at the root of inevitable further looming crises, writes Mike Hall.

# european-central-bank - Thursday 7 November, 2013

From Business ETC All-time low: ECB cuts its main interest in boost to tracker mortgage holders Super Mario

All-time low: ECB cuts its main interest in boost to tracker mortgage holders

ECB president Mario Draghi has cut the rate for the fifth time in two years.

# european-central-bank - Wednesday 23 October, 2013

When Michael met Mario: Noonan in Frankfurt for bailout exit talks with ECB chief

Michael Noonan meets Mario Draghi for discussions on how Ireland will exit its international bailout programme on 15 December.

# european-central-bank - Monday 23 September, 2013

From Business ETC ECB chief says tracker mortgage rates to remain low Eurozone

ECB chief says tracker mortgage rates to remain low

Mario Draghi says that the Eurozone is recovering, slowly, but had good news for holders of tracker mortgages.

# european-central-bank - Friday 6 September, 2013

From Business ETC ECB holds rates steady but remains ‘cautious’ about recovery Recovery

ECB holds rates steady but remains ‘cautious’ about recovery

Yesterday, Mario Draghi said the ECB is alert to geopolitical risks that may come out of the Syrian situation and said that the caution expressed about recovery was warranted.

# european-central-bank - Monday 26 August, 2013

From Business ETC Irish banks becoming less reliant on ECB Borrowing

Irish banks becoming less reliant on ECB

Our share of ECB funding is now just 5.4 per cent compared to 26.5 per cent immediately after the bailout in November 2010.

# european-central-bank - Thursday 15 August, 2013

Column: The flaw at the heart of the EU? Not prioritising unemployment

The European Union has a single guiding principle: keep inflation down. But that view is far too narrow at a time when the bloc is undergoing an appalling unemployment crisis, writes Tiernan Brady.

# european-central-bank - Wednesday 10 July, 2013

From Business ETC Just like us: Latvia will be using the euro from 1 January next year Latvia

Just like us: Latvia will be using the euro from 1 January next year

The decision was confirmed by the European Council yesterday and will give the Baltic state six months to prepare for the changeover.

# european-central-bank - Tuesday 9 July, 2013

Troika in town for review… just one more to go

The trio of the IMF, ECB and the European Commission return as Ireland’s bond yields continue steady fall.

# european-central-bank - Friday 21 June, 2013

Confirmed: Troika agrees to delay water charges until 2015

The EU and IMF have agreed to a request from the Irish authorities to delay the first bills from early 2014 to early 2015.

# european-central-bank - Thursday 6 June, 2013

From Business ETC Continued relief for mortgage holders: ECB keeps rates at record low Super Mario Land

Continued relief for mortgage holders: ECB keeps rates at record low

Mario Draghi says the eurozone economy should stabilise over the rest of the year, but low rates are still needed for now.

# european-central-bank - Friday 31 May, 2013

‘Blockupy’ protestors block access to ECB headquarters in Frankfurt

Demonstrators were expressing concerns about the ECB’s role in enforcing austerity throughout the eurozone.

# european-central-bank - Wednesday 22 May, 2013

Noonan: Mortgage interest rates must increase to ensure profit for taxpayers

The banks would lose more if they lowered their mortgage interest rates below the current amounts, the minister says.

# european-central-bank - Monday 20 May, 2013

From Business ETC Ireland’s banks are borrowing less and less from the ECB Bank Debts

Ireland’s banks are borrowing less and less from the ECB

New figures show Ireland’s banks are now less reliant on emergency loans than at any other time since September 2008.

# european-central-bank - Tuesday 14 May, 2013

EU will inspect Ireland’s finances for decades after bailout, under new rules

The ‘two-pack’ also means the Budget will have to be submitted to Brussels for its approval every October from now on.

# european-central-bank - Wednesday 8 May, 2013

Banks should disclose how ECB rate changes impact its products – Fianna Fáil ECB

Banks should disclose how ECB rate changes impact its products – Fianna Fáil

Deputy McGrath has called on the Central Bank to force banks to issue a statement following each change to the ECB’s interest rate.

# european-central-bank - Thursday 2 May, 2013

The Evening Fix… now with added White House GIFS

Here are the things we learned, loved and shared today.

From Business ETC Relief for tracker mortgage holders as ECB cuts main interest rates Super Mario Land

Relief for tracker mortgage holders as ECB cuts main interest rates

Falling inflation around the eurozone – particularly in Germany – means big decisions from Draghi and co.

Michael D: ‘The EU will become illegitimate without economic reform’

President Higgins says the EU is facing a “moral crisis” as much as an economic one: “You are either a union or you’re not.”

This is the new €5 banknote which enters circulation today

The new €5 note will start appearing today but the old note remains legal tender.

# european-central-bank - Tuesday 30 April, 2013

From Business ETC Eurozone inflation hits new low, raising prospect of ECB rate cut Eurozone

Eurozone inflation hits new low, raising prospect of ECB rate cut

The governing council of the European Central Bank meets on Thursday where it could provide a fresh boost to mortgage holders.

Central Bank governor Honohan to face TDs and senators

Patrick Honohan will discuss economic and monetary union with TDs and senators on the Oireachtas EU Affairs Committee this afternoon.

# european-central-bank - Saturday 27 April, 2013

Noonan denies ECB instruction to refuse information about IBRC ECB

Noonan denies ECB instruction to refuse information about IBRC

The finance minister says the ECB has not told Ireland to refuse Freedom of Information requests about the IBRC wind-up.

# european-central-bank - Wednesday 24 April, 2013

You’ll be charged for your water from October 2014 (if the Troika agree)

Michael Noonan and Brendan Howlin want Troika approval to start charging from October 2014, with the first bills in 2015.

# european-central-bank - Tuesday 23 April, 2013

From Business ETC Talks on public sector pay likely to top agenda on latest Troika mission Troika

Talks on public sector pay likely to top agenda on latest Troika mission

Officials from the EU, IMF and ECB arrive in Dublin today to conduct their tenth review of Ireland’s bailout programme.

# european-central-bank - Thursday 4 April, 2013

From Business ETC ECB chief Draghi admits initial Cyprus bailout plan was ‘not smart’ Eurozone

ECB chief Draghi admits initial Cyprus bailout plan was ‘not smart’

The head of the European Central Bank was speaking as the eurozone’s central bank left interest rates unchanged at 0.75 per cent today.

# european-central-bank - Thursday 7 March, 2013

From Business ETC Draghi: ECB’s bond-buying programme can’t help Ireland escape bailout ECB

Draghi: ECB’s bond-buying programme can’t help Ireland escape bailout

The ECB president says the bank won’t use its bond-buying programme to ease Ireland out if its EU-IMF funding.

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