The financial crisis began with the collapse of Lehman Brothers, starting a worldwide chain reaction. The EU economy contracted for five consecutive quarters, with growth returning only in the second half of 2009. Stimulatory and fiscal actions by national governments and the EU, and the Eurosystem’s loose monetary policy, helped
Tag: ECB
ECB announces euro short-term rate ( €STR )
he European Central Bank (ECB) will start publishing the €STR as of 2 October 2019, reflecting the trading activity of 1 October 2019. Additionally, the ECB is ready to further support private sector efforts in the transition away from the euro overnight index average EONIA and will provide the computation
European Investment Stabilisation Function – EISF
he idea behind the Commission’s proposed European Investment Stabilisation Function (EISF) is to use dedicated financial means from the EU budget to help Member States stabilize their economies in the event of a major asymmetric shock. In the context of EISF, the Commission would borrow on the financial markets and
Global Economy: 10 Predictions in 2019
he global economy started 2018 with strong, synchronized growth. But as the year progressed, momentum faded and growth trends diverged. The US economy accelerated, thanks to fiscal stimulus enacted early in the year, while the economies of the Eurozone, the UK, Japan and China began to weaken. These divergent trends
ECB adopts new capital key 2019
Who is who in the EU
EU has members in at least four major treaty groups, each of which governs a different aspect of the region’s infrastructure. On the following infographic, you may see the break down each group: The European Union - EU The EU is governed according to a supranational parliamentary system, with representatives elected by
ECB unveils new € 100 and 200 euro banknotes
In 2018 ECB ends production and issuance of 500 EUR banknote
he Governing Council of the European Central Bank (ECB) concluded a review of the denominational structure of the Europa series back in 2016. It was decided to permanently stop producing the 500 EURbanknote and to exclude it from the Europa series, taking into account concerns that this banknote could facilitate
Capital Markets Union: new rules for investment firms
The European Commission proposes a two-track overhaul to make life simpler for smaller investment firms, while bringing the largest, systemic ones under the same regime as European banks. Investment firms and the services they provide are vital to a well-functioning Capital Markets Union (CMU). Alongside banks, EU capital markets rely
EC: Completion of the Banking Union by 2018
uropean citizens and businesses will benefit from deeper financial integration and a more stable financial system, thanks to Commission plans to accelerate with the completion of the missing parts of the Banking Union. The Banking Union must be completed if it is to deliver its full potential in making the
EU – 10 years since the start of the economic crisis
ECB: Access to Finance of Enterprises Report (Oct16-Mar17)
The European Central Bank (ECB) published its 16th report on the results of the “Survey on the Access to Finance of Enterprises”. The report provides evidence on changes in the financial situation, financing needs and access to financing of small and medium-sized enterprises (SMEs) in the euro area in the