ECB increases bond-buying program to prop up economy following Covid-19 pandemic

The European Central Bank is boosting its support for the economies that were devastated by the coronavirus pandemic, increasing its bond-buying program by 600 billion euros, while the French government is following the same steps, including increasing funds for industries and the technology sector, as FRANCE 24’s Catherine Bennett explains. Subscribe to France 24 now: … Read more ECB increases bond-buying program to prop up economy following Covid-19 pandemic

Europe Is Seeing Real Fiscal Action for First Time: Bob Diamond

Jun.04 — Bob Diamond, founding partner and chief executive officer at Atlas Merchant Capital, discusses monetary and fiscal steps taken by the European Central Bank and German government in the wake of the coronavirus pandemic, opportunity in European bank values, and his outlook for U.S. economic recovery. He speaks on “Bloomberg Markets: European Close.”

The European Central Bank is ramping up its stimulus program to aid an ailing economy

The European Central Bank will add 600 billion euros to its economic emergency stimulus program and extend the timeline to the middle of next year. Insights via @CME Group: https://openmarkets.cmegroup.com/quicktake?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe … Read more The European Central Bank is ramping up its stimulus program to aid an ailing economy

Lagarde Says Europe’s Economic Recovery Has Been Tepid

Jun.04 — European Central Bank Christine Lagarde discusses the euro-zone economy and the policy response to the coronavirus pandemic. She spoke during a virtual press conference from Frankfurt after the ECB intensified its response to the recession with a bigger-than-anticipated increase to its emergency bond-buying program.

Von der Leyen Outlines $825 Billion Coronavirus Stimulus for European Union

The European Union has stepped back from the brink. Again. Unprecedented in nature and ambitious in scope, the 2.4 trillion euros ($2.6 trillion) in total recovery spending unveiled by the EU — anchored by 750 billion euros of joint debt issuance — has already started to calm jittery markets and it might just restore a … Read more Von der Leyen Outlines $825 Billion Coronavirus Stimulus for European Union

CELS Webinar: The German Constitutional Court’s decision on PSPP: Constitutional earthquake?

In its judgment pronounced on 5 May, the Second Senate of the Federal Constitutional Court granted several constitutional complaints directed against the Public Sector Purchase Programme (PSPP) of the European Central Bank (ECB). The Court found that the Federal Government and the German Bundestag violated the complainants’ rights under Art. 38(1) first sentence in conjunction … Read more CELS Webinar: The German Constitutional Court’s decision on PSPP: Constitutional earthquake?

European Commission Threatens to Sue Germany

May.11 — Germany and the European Union are escalating a legal power struggle that could undermine the euro. On Sunday, European Commission President Ursula von der Leyen said the EU’s executive arm will consider possible next steps, including so-called infringement proceedings, after a critical ruling on European Central Bank policy by Germany’s constitutional court. Karin … Read more European Commission Threatens to Sue Germany

Germany Ruling Won’t Constrain ECB in Short Term, JPMorgan Says

May.05 — European Central Bank policy makers have three months to prove to Germany’s highest court that its asset-purchase program is lawful, after judges said that some parts of the scheme aren’t backed by European Union treaties. John Normand, head of cross-asset fundamental strategy at JPMorgan, says that the ruling won’t constrain ECB policy in … Read more Germany Ruling Won’t Constrain ECB in Short Term, JPMorgan Says

Court rules on ECB bond-buying, while airline and motoring turmoil revealed

A German court has ruled the European Central Bank’s bond-buying scheme partially violates the law. Meanwhile, new figures reveal the pandemic’s shocking toll on the airline and motoring industries sector. Budget airline Ryanair’s passenger numbers for March were down 99.6%. Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news … Read more Court rules on ECB bond-buying, while airline and motoring turmoil revealed

German Reopens Schools, Hair Salons as Europe Takes First Steps Toward New Normal

Bloomberg’s Stefan Nicola reports from Berlin as Europe gingerly tries to get back to business, with restrictions loosening across the continent as the spread of the coronavirus slows. The German Spy Museum in Berlin opened its doors for the first time in weeks, bars in central Rome began offering takeaway services, and shaggy-haired Austrians flocked … Read more German Reopens Schools, Hair Salons as Europe Takes First Steps Toward New Normal

Janus’ Maroutsos Says ECB Can ‘Talk a Good Game,’ Can’t Match the Fed

May.01 — Nick Maroutsos, Janus Henderson co-head of global bonds, says the Federal Reserve is responding to the economic fallout from the coronavirus pandemic better than the European Central Bank. He speaks with Bloomberg’s Scarlet Fu and Romaine Bostick on “Bloomberg Markets: The Close.”

European Central Bank keeps policies largely unchanged in pandemic downturn

The bank kept both its official interest rates and its various asset programs untouched. Insights via @CMEGroup: https://openmarkets.cmegroup.com/quicktake?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ Email us at quicktakenews@gmail.com QuickTake by Bloomberg is … Read more European Central Bank keeps policies largely unchanged in pandemic downturn