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European Central Bank

Why Sen. Dodd's Opposition to the Federal Reserve is Ill-Conceived

Georges Ugeux | Posted 11.13.2009 | Politics

Read More: Tarp, John McCain, Congress, Fdic, Hank Paulson, Liquidity, International Monetary Fund, Financial Reform, Senate Banking Committee, Ben Bernake, Federal Reserve, Monetary Policy, Chris Dodd, Democrats, European Central Bank, Frankfurt, Bank for International Settlements, Senate, Forum of Financial Stability, Treasury, Washington, Comptroller of the Currency, Central Banks, Sec, Global-Financial-Markets, Us, Sheila Bair, Republicans, Politics News
Georges Ugeux

Had Senate Banking Committee's Chairman Chris Dodd's proposal been effective before the crisis, where would we be today?

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How Did Europe Respond to the Lehman Collapse?

Georges Ugeux | Posted 11.16.2009 | World

Read More: Greed, Economic Stimulus Package, Wall Street, Bonus Outrage, Ragulatory Reforms, US Regulation, Federal Reserve, Lehman Collapse, European Central Bank, World News
Georges Ugeux

In a strange way, the U.S. was better prepared to manage the collapse of Lehman Brothers than Europe, namely because it was happening within a single country.

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Financial Reforms: Is Europe Hypocritical?

Georges Ugeux | Posted 09.05.2009 | Business

Read More: Financial Regulatory Institutions, London, G20 Summit, Regulatory System, European Parliament, G20 CommuniquéS, Hedge Funds, Ratings Agencies, Stimulus Package, President Sarkozy, Prime Minister Gordon Brown, Wall Street, Tax Havens, Short Sales, " Council of Ministers, European Central Bank, Stress Tests, TARP Money, European Union, United States, Credit Cards, Oecd, France, Transparency, European Summit, German Chancellor Angela Merkel, Regulations on Compensation, Regulatory Reform, Sec, “Locusts”, President George W. Bush, Business News
Georges Ugeux

European bank losses were as high as the U.S. They used the same compensation system, and their fragmented and ineffective regulatory system shares responsibility for the crisis.

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William White: Canadian Economist Warned Of Coming Crisis, And Was Ignored

International | Beat Balzli and Michaela Schiessl | Posted 08.10.2009 | Business

Read More: BIS, Financial Crisis, Alan Greenspan, William White, European Central Bank, Business News

William White predicted the approaching financial crisis years before 2007's subprime meltdown. But central bankers preferred to listen to his great r...

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World Bank Issues Gloomy Forecast on Global Economic Crisis

Sheldon Filger | Posted 07.25.2009 | Business

Read More: Global Recession, European Central Bank, Global Economy, Nouriel Roubini, World Bank, Financial Crisis, Paul Krugman, Global Economic Crisis, Business News
Sheldon Filger

This is a disaster-laden forecast, which essentially describes a developed global economy mired in staggering contraction.

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8 Common Sense Questions To Ask A Potential Investment Counsel

Anne Naylor | Posted 07.14.2009 | Living

Read More: President Obama, Health, Frugal, Prosperity, Forgive, Motivation, Happiness, Madoff, Securities Custody Industry, European Central Bank, Sufficiency, Wealth Gap, Living News
Anne Naylor

"Ordinary riches can be stolen, real riches cannot. In your soul are infinitely precious things that cannot be taken from you." -- Oscar Wilde Money ...

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The Next big Taxpayer Bailout? IMF Could get Hundreds of Billions for European Banks

Mark Weisbrot | Posted 07.10.2009 | Politics

Read More: Transparency, Obama Congressional Defeat, European Banks, European Economy, Bailout, Rahm Emanuel, Imf, European Union, Banks, Europe, Accountability, European Central Bank, Barack Obama, War Supplemental, Politics News
Mark Weisbrot

The Obama administration wants $108 billion for the IMF. Why? Most of the Central and Eastern European economies are in free fall right now, and they're counting on the IMF to save their banks.

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Merkel Goes Off the Deep End

Brett Neely | Posted 07.04.2009 | World

Read More: Angela Merkel, Inflation, Germany, European Central Bank, Economy, Berlin, World News
Brett Neely

With a tough re-election campaign coming up, Merkel has decided that bashing the ECB could offer a political advantage ahead of European Parliament elections this weekend

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EU Economy Shrank By A Massive 2.5 % In Q1

Yahoo! Finance | Pan Pylas | Posted 06.15.2009 | Business

Read More: France, Germany, Economic Crisis, European Union, European Economy, Britain, European Central Bank, Recession, Business News

LONDON (AP) -- The economy in the 16 countries that use the euro shrank by a massive 2.5 percent in the first quarter as a global recession sapped the...

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US-Style Capitalism Criticized, Europeans Take Comfort In Social-Market Economy

Wall Street Journal | JOELLEN PERRY | Posted 03.02.2009 | Business

Read More: Europe, European Central Bank, Davos, Jose Manuel Barroso, Economic Crisis, United States, European Markets, World Economic Forum, Global Economic Crisis, Business News

A day after Chinese and Russian leaders blamed a free-wheeling U.S. financial system as the source of the global economic crisis, Europeans here are t...

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European Markets Higher On Hopes Of Rate Cuts

AP | JEREMIAH MARQUEZ | Posted 12.04.2008 | Business

Read More: Finance, Financial Crisis, Economy, Global Economy, Rate Cuts, Interest Rates, Interest Rate Cuts, European Central Bank, Business News

HONG KONG — Asian stock markets were mixed in cautious trade Tuesday after Wall Street's relatively flat finish ahead of the U.S. presidential e...

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Euro Nears Record $1.60 Mark

Financial Times | Peter Gamham | Posted 04.24.2008 | Business

Read More: Credit Crisis, Eurozone Inflation, Euro Dollar, Euro Dollar Conversion, Eurozone, Euro, Euro Inflation, European Central Bank, Business News

The euro hit a record high against the dollar and the pound on Wednesday after data showed eurozone inflation hits its highest level since the introdu...

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Fed's Loan Rescue Sparks Big Stock Rally

AP | JEANNINE AVERSA | Posted 03.28.2008 | Business

Read More: U.S. Economy, Credit Crisis, Bank of Canada, Global Credit Crisis, Recession Fears, Bank of England, Federal Reserve, Central Banks, Recession, Ben Bernanke, European Central Bank, Swiss National Bank, Business News

WASHINGTON — Staring at spreading financial dangers, the Federal Reserve announced a rescue package Tuesday that would pour as much as $200 bill...

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Why The European Central Bank Is Sitting Back

New York Times | JULIA WERDIGIER | Posted 03.28.2008 | Business

Read More: Recession Fears, Recession, Federal Reserve, Ecb, European Bank, U.S Economy, European Central Bank, Business News

Monetary policy usually takes some time to bite. That is one explanation for the American stock market's continued gyrations on Tuesday after the Fede...

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Is Paper Money Going the Way of the Dinosaur?

Eben Esterhuizen | Posted 03.28.2008 | Business

Read More: Recession, Morgan Stanley, Stagflation, European Central Bank, Climate Change, Financial Media, Business News
Eben Esterhuizen

Because "stagflation" sounds a hell off a lot scarier than "recession," you'll probably be hearing a lot about it in the financial media over the coming weeks.

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Hostile Lawmakers Criticize Fed's Mortgage Plan

Wall Street Journal | DAMIAN PALETTA and JAMES R. HAGERTY | Posted 03.28.2008 | Business

Read More: Subprime Mortgages, Subprime Mortgage Crisis, Federal Reserve, Henry Paulson, Subprime Loan Crisis, Ben Bernanke, Petraeus Moveon Ad, European Central Bank, Business News

Concerns about the U.S. mortgage crisis and turmoil in global credit markets intensified, with U.S. policy makers seeking to clamp down on the practic...

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Stocks Rebound On Good News From European Central Bank

AP | Madlen Read | Posted 03.28.2008 | Business

Read More: Federal Reserve, ECB, Wall Street, Stocks Rebound, Euros, European Central Bank, Business News

Wall Street rebounded Tuesday from recent losses, pleased about the European Central Bank's issuance of $500 billion in loans to the world's commercia...

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Central Bankers To Lend Billions In Credit Crisis

New York Times | VIKAS BAJAJ and FLOYD NORRIS | Posted 03.28.2008 | Business

Read More: Interest Rates, Rate Cut, Federal Reserve, Interate Rate Cut, European Central Bank, Credit Markets, Business News

A day after the Federal Reserve disappointed investors with a modest cut in interest rates, central banks in North America and Europe on Wednesday ann...

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