BRATISLAVA, Slovakia — The European Central Bank cut its benchmark interest rate to a record low on Thursday. But its president, Mario Draghi, indicated that his promise last year to do “whatever it ... Read more
BRATISLAVA, Slovakia — The European Central Bank cut its benchmark interest rate to a record low on Thursday, but remained unwilling to deploy more powerful weapons that many economists say are needed to ... Read more
BRATISLAVA, Slovakia — The European Central Bank cut its benchmark interest rate to a record low on Thursday, but remained unwilling to deploy more powerful weapons that many economists say are needed to ... Read more
ATHENS — Greece’s Parliament late Sunday approved a contentious plan to dismiss 15,000 civil servants by the end of next year as part of a new package of economic measures that the country must ... Read more
FRANKFURT — Smaller companies that provide most of the jobs in Europe face an ever more difficult struggle to win customers and get bank loans, according to a survey from the European Central Bank on ... Read more
DUBLIN — Germany has raised new concerns about a proposal to create a single banking supervisor for the European Union that could delay plans to help troubled lenders that finance ministers were to discuss here ... Read more
ATHENS — After a chaotic month in which Cyprus was pushed to the brink of default and a possible exit from the euro zone, Cypriots knew things would get bad. But not this bad. According to a bleak ... Read more
FRANKFURT — The Italians are the most prudent people in Europe. Spaniards and Greeks are not as badly off as their homelands’ dismal economic statistics would suggest. And pity the Germans. They are ... Read more
FRANKFURT — The head of the European Central Bank said Thursday that the recent bailout of Cyprus showed the bank’s determination to shore up the euro, though he acknowledged that an initial decision ... Read more
BRUSSELS — The International Monetary Fund said Wednesday that it would contribute €1 billion, or about 10 percent, of a bailout package for Cyprus, but stipulated that the country would need to take ... Read more