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 - Thursday 6 June, 2013
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
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
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.
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
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
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
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
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
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.
# european-central-bank - Sunday 3 March, 2013
Noonan chases Irish version of Greek deal on ECB profits
Any profits the ECB makes on buying Greek bonds are given straight back to Greece – and Ireland may look for similar.
# european-central-bank - Saturday 9 February, 2013
Timeline: The 24 hours that secured the promissory note deal
It was dramatic, chaotic, uncertain and very confusing as Ireland struck a deal to tear up the promissory notes and repay Anglo’s debts over a longer period. Here’s how it unfolded…
# european-central-bank - Thursday 7 February, 2013
Draghi says ECB “took note” of IBRC liquidation
The European Central Bank President said that no decision has been taken on the IBRC promissory note.
Explainer: What happened last night? Why was IBRC liquidated? What happens now?
Why on earth were the Dáil and Seanad sitting until the small hours of this morning? This might help…
TDs vote to liquidate IBRC in dramatic late-night Dáil sitting
TDs voted by 113 votes to 35 to wind down the former Anglo, laying off its employees with immediate effect.
LIVE: Seanad debates legislation to liquidate IBRC
Watch live from the Seanad Chamber as members deliberate on whether to immediately wind down the former Anglo.
Here’s how every TD voted on the Bill to liquidate IBRC
Here’s the total voting chart for how the Dáil divided on its final decision to liquidate the former Anglo Irish Bank.
As it happened: Dáil approves Bill to liquidate IBRC
Catch up with text commentary from the Dáil as TDs voted to wind up the former Anglo.
# european-central-bank - Wednesday 6 February, 2013
Poll: Do you support swapping the promissory note for long-term bonds?
The government wants to issue long-term bonds to get rid of the IBRC promissory notes. What do you think?
President Higgins returning to Ireland to consider IBRC legislation
Michael D Higgins has interrupted a trip to Italy to make himself available if the Oireachtas passes an IBRC bill tonight.
Here’s the schedule for the Dáil’s late-night IBRC sitting
It’ll be a late one in the Dail.
Chief Whip says leaking of elements of IBRC plan is ‘unfortunate’
Paul Kehoe: “The Minister for Finance has taken action to secure the stability of IBRC in the face of these leaks.”
Dáil to sit at 10:30pm to debate emergency legislation on liquidating IBRC
TDs will reconvene after 10pm tonight to discuss plans to transfer IBRC’s assets to NAMA – as part of a deal to replace the promissory notes with long-term Government bonds.
# european-central-bank - Monday 4 February, 2013
Read in full: Mario Draghi’s letter to Fianna Fáil’s Michael McGrath
The Fianna Fáil finance spokesperson has called on Michael Noonan to hold face-to-face negotiations with the European Central Bank president after he wrote to him last month.
# european-central-bank - Sunday 3 February, 2013
Everything you need to know about the promissory notes, but were afraid to ask
You have been and will be hearing a lot about promissory notes in the coming weeks but what’s it all about? We’ve taken your questions, come up with some of our own and asked the experts…
# european-central-bank - Friday 1 February, 2013
Technical Group to force Dáil vote on promissory note repayment
15 TDs, led by Shane Ross, have tabled a motion calling for a public assertion that Ireland won’t make the next repayment.
# european-central-bank - Wednesday 30 January, 2013
Noonan still chasing ‘good deal’ in promissory note talks
The finance minister says saying the deal is dead is “premature”, but vows: Ireland “is not going to default.”
# european-central-bank - Monday 28 January, 2013
Open thread: What do you want to know about the promissory notes issue?
It’s back on the agenda as the Irish government seeks a deal to avoid paying back €3.06 billion due in March, but what do you want to know about those pesky promissory notes?
# european-central-bank - Sunday 27 January, 2013
No agreement but bank debt deal talks will continue, Ministers insist
Leo Varadkar and Pat Rabbitte have both insisted that the discussions on reducing the burden of Ireland’s bank debt will continue despite a report that the ECB had rejected a key Irish government proposal.
Failure on debt deal would have ‘catastrophic effect on Ireland’ – Tánaiste
Tánaiste Eamon Gilmore will address world leaders – including Angela Merkel – in Chile today as hopes for a deal on Ireland’s bank debt took a blow last night and the opposition criticised the government’s lack of openness.
# european-central-bank - Saturday 26 January, 2013
Report: ECB rules out long-term bond to replace promissory note
Reuters cites ECB sources as saying the proposal was discussed this week – and ruled out as being illegal under EU treaties.
# european-central-bank - Friday 25 January, 2013
Belgian KBC to pay back €8.3bn in ECB loans
The bank says it will soon reimburse money borrowed in exceptional ECB long-term lending operations, owing to improvements in the credit markets and its own cash position.
# european-central-bank - Sunday 20 January, 2013
Gilmore expects promissory note deal before next payment is due
The Tánaiste believes negotiations with the ECB to avert the next €3.06 billion repayment will be finished in time.
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