Shares of European insurers fell after the European Central Bank decided to extend its quantitative easing program until at least March 2017 and broaden the range of assets purchased. The decision is “disappointing” because bond purchases by the ECB will …
The German government’s panel of economic advisers said on Wednesday the European Central Bank’s low interest rates were creating substantial risks, and Finance Minister Wolfgang Schaeuble warned of a “moral hazard” from loose monetary policy. The double-barreled message came after …
The European Central Bank said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could damage the euro zone’s recovery. In its twice-yearly Financial …
The European Central Bank’s bond-buying plan may not help the region’s economic recovery while it makes the investment decisions harder for insurers and reinsurers, SCOR SE Chief Executive Officer Denis Kessler said. “It’s too late, it has been badly tailored, …
Just when Spain, and the euro zone, needed it least, along comes the Catalan secession drama to remind us exactly how many parties, peoples and factions have the potential to undermine the single currency’s salvation. Not that Catalonia is likely …
The good news is that Europe is no longer going the way of Greece. The sad news is that it is threatening to go the way of Japan. After years of hesitation punctuated by panic, Europe has finally accepted the …
The euro zone debt crisis was born in Greece. Nearly three years and two bailouts on Europe must decide whether to give the country yet more help or cut it loose. For all its complexities, Greece’s problems essentially come down …
European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the euro zone from collapse, sending a strong signal that inflated Spanish and Italian borrowing costs were in his sights. Fears about the euro …
It may be better to think of the outbreak of negative interest rates as simply another weapon in an ongoing and global low-grade currency war. It’s not that negative interest rates – under which investors pay for the privilege of …
All of Europe’s biggest economies are in recession or heading there and there is little sign things will improve soon, surveys showed on Wednesday, backing a growing view that the region’s major central banks are poised to ease policy this …
