Eurozone interest rates kept on hold by ECB
The European Central Bank (ECB) has kept eurozone interest rates on hold at 1%, as had been expected. It is the 15th month running that rates have stayed at this record low, as the ECB continues to seek to help economies recover from last year’s recession. ECB president Jean-Claude Trichet said that while the eurozone [...]
August 9, 2010
Tags: Bank of England, ECB, euro, Interest Rates, UK loans rates Posted in: Uncategorized 
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European bank stress test results awaited
The viability of Europe’s banks will come under scrutiny again today, when the results of EU-wide bank stress tests are published. Results for a total of 91 banks across Europe will be made public this afternoon, in a move designed to reassure investors over the health of Europe’s financial sectors. The tests assess whether banks [...]
July 23, 2010
Tags: banks, borrowing, ECB, euro, sovereign debt Posted in: Uncategorized No Comments
Eurozone banks face £165bn in toxic loan losses
The European Central Bank has warned of a second wave of bank writedowns from toxic loans.The European Central Bank warned that eurozone banks face a “second wave” of up to £165 billion in potential loan losses this year and next and that the financial sector is facing “hazardous contagion” from the sovereign debt crisis. The [...]
June 3, 2010
Tags: bonds, borrowing, Credit Crunch, ECB, euro, refinancing rates, sovereign debt, sub prime loans Posted in: Uncategorized No Comments
Caution prompts ECB to keep the monetary taps open
The European Central Bank (ECB) said yesterday that it was in no mood to withdraw the emergency measures it has been using to stimulate the eurozone economy in the face of the global financial crisis. Jean-Claude Trichet, the President of the ECB, said that it was too soon to end its support measures. Apart from [...]
September 4, 2009
Tags: ECB, euro, falling interest rates, Loan calculator, Quantitative Easing Posted in: Uncategorized No Comments
Britain to lag world in emerging from recession
Britain’s economy will lag other developed nations in emerging from recession, according to the Organisation for Economic Co-operation and Development (OECD). The organisation, which exists to promote economic growth and development, said that several of the economies in the G7 group of developed nations would perform better during the whole of 2009 than it predicted [...]
September 3, 2009
Tags: Credit Crunch, euro, G7, OECD, uk recession Posted in: Uncategorized No Comments
Ireland credit rating cut for second time
Ireland had its credit rating cut for the second time in three months and was warned that it could fall further following concerns about the “continued fragility” of its banking sector and doubts about the Government’s bailout plan. Standard & Poor’s (S&P;) downgraded the long-term rating of the former “Celtic Tiger” by a further notch [...]
June 8, 2009
Tags: consolidate debt loans, Credit Crunch, ECB, euro, Interest Rates, recession Posted in: Uncategorized No Comments
Latvian loans rates hit EC banks
Latvian crisis deepens as Europe debates aid as Latvia has been urged to tighten its public finances with fears escalating that the recession hit Eastern European country is facing a huge currency devaluation. The failure of a government bond auction yesterday heightened fears that the tiny Baltic state will have to devalue its currency, the [...]
June 5, 2009
Tags: consolidate debt loans, ECB, euro, IMF, Loan calculator, sub prime loans Posted in: Uncategorized No Comments
IMF forecasts recovery despite Eurozone GDP fall
The IMF said that they expects the global economy to recover in the first half of next year despite worse-than-expected figures from the eurozone economy showing that GDP shrank by 2.5 per cent during the first quarter. The quarterly fall in GDP in the eurozone– a key measure of economic health – takes the annual [...]
May 15, 2009
Tags: Credit Crunch, euro, IMF, Quantitative Easing, recession Posted in: Uncategorized No Comments
Eurozone interest rates at record low of 1.25pc
The European Central Bank has cut interest rates in the eurozone to a record low of 1.25pc, down from 1.5pc. Economists had been expecting a bigger reduction of half a percentage point to 1pc, but speaking at a press conference after the monthly decision ECB president Jean-Claude Trichet did not rule out further cuts. He [...]
April 6, 2009
Tags: Credit Crunch, ECB, euro, falling interest rates, Interest Rates, recession, refinancing rates Posted in: Uncategorized No Comments
The Euro finally breaks down through the 1.2700 support
This support level has held since early December against the US dollar. The target going forward is now for a lower rate with the medium term outlook still towards 1.1500. This latest Euro weakness stemmed from renewed apprehension towards the economic outlook for Eastern Europe and a warning released by Moody’s overnight that Western European [...]
February 17, 2009
Tags: consolidate debt loans, Credit Crunch, euro, recession, sub prime loans, uk recession Posted in: Uncategorized No Comments
