European Central Bank

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The Greek flag flies at the top of the Athens Academy building, in Athens, Thursday, June 4, 2015 .Greece remains at loggerheads with creditors over key economic reforms after a meeting between Prime Minister Alexis Tsipras and the head of the European Union's executive arm failed to yield a breakthrough on the release of vital bailout loans. (AP Photo/Petros Giannakouris)

EDITORIAL: Greek bailout saga continues

By THE WASHINGTON TIMES

Demonstrators dressed as clowns pass by a burning police car Wednesday, March 18, 2015 in Frankfurt, Germany. Blockupy activists try to blockade the new headquarters of the ECB to protest against government austerity and capitalism. (AP Photo/Michael Probst)

Germans turn violent, burn police cars during anti-austerity protests

By Douglas Ernst - The Washington Times

A woman waves a Greek flag during a speech by the leader of Syriza left-wing party Alexis Tsipras outside Athens University Headquarters, Sunday, Jan. 25, 2015. A triumphant Alexis Tsipras told Greeks that his radical left Syriza party's win in Sunday's early general election meant an end to austerity and humiliation and that the country's regular and often fraught debt inspections were a thing of the past. "Today the Greek people have made history. Hope has made history," Tsipras said in his victory speech at a conference hall in central Athens. (AP Photo/Fotis Plegas G.)

PETER MORICI: Now Greeks should dump the Euro

By Peter Morici

President of European Central Bank Mario Draghi speaks during a news conference in Frankfurt, Germany, Thursday, Jan. 22, 2015, following a meeting of the ECB governing council. (AP Photo/Michael Probst)

PETER MORICI: Printing money won’t save moribund European economies

By Peter Morici

President of the European Central Bank Mario Draghi addresses the Committee on Economic and Monetary Affairs, at the European Parliament building, in Brussels on Monday, Nov. 17, 2014. (AP Photo/Yves Logghe)

ECB’s Draghi: government bond purchases possible

By Pan Pylas - Associated Press

President of European Central Bank Mario Draghi walks in front of the ECB governing council prior to their meeting in Naples, Italy, Thursday, Oct. 2, 2014. European Central Bank head Mario Draghi is expected Thursday to underline the bank's willingness to deploy more economic stimulus measures, a stance that could send the euro skidding even lower. And a drop in the currency which helps eurozone exporters and could nudge up worryingly low inflation might be the most effective stimulus to come out of the ECB's monthly meeting. (AP Photo/Lapresse, POOL)

ECB buying bundles of loans could spur lending

Associated Press

President of European Central Bank Mario Draghi talks during a news conference in Frankfurt, Germany, Thursday, Sept. 4, 2014, following a meeting of the ECB governing council. The European Central Bank has cut its interest rates and announced a new stimulus program that involves buying financial assets, a bid to salvage a weak economic recovery. (AP Photo/Michael Probst)

ECB surprises with rate cuts, new stimulus plan

By David McHugh - Associated Press

FILE - In this June 18, 2014 file photo, Federal Reserve Chair Janet Yellen speaks during a news conference at the Federal Reserve in Washington. Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. (AP Photo/Susan Walsh, File)

At Jackson Hole, central bankers eye varying goals

By Martin Crutsinger - Associated Press

The president of the European Central Bank Mario Draghi listens to questions during a news conference in Frankfurt, Germany, Thursday, June 5, 2014. The European Central Bank has cut two key interest rates, one of them into negative territory &#8212; a highly unusual step that underlines the urgency of its efforts to keep the eurozone economy from sliding into crippling deflation. It reduced its main interest rate, the refinancing rate, from a record low of 0.25 percent to 0.15 percent. More drastically, it also cut the rate it pays on money deposited by banks from zero to minus 0.1 percent, an unprecedented step for the ECB that aims to push banks to lend money rather than hoard it. (AP Photo/Michael Probst)

EDITORIAL: Europe goes negative on interest rates

By THE WASHINGTON TIMES

A $1 bill and a 1-euro coin (AP Photo/Michael Probst)

Debt crisis shrinks international use of euro as reserve currency

By David McHugh - Associated Press

World Briefs: Tehran hosts talks on Syrian crisis

By THE WASHINGTON TIMES

**FILE** German Chancellor Angela Merkel (center) speaks June 29, 2012, with European Central Bank President Mario Draghi (left) and Italian Prime Minister Mario Monti during a round-table meeting at a EU Summit in Brussels. (Associated Press)

After 3 bumpy years, Europe turns corner on crisis

By David McHugh and Don Melvin - Associated Press

European Commissioner for Economic and Monetary Affairs Olli Rehn speaks during the presentation of the Fall Economic Forecast at EU headquarters in Brussels on Wednesday, Nov. 7, 2102. Europe's economy is still reeling and unemployment could remain high for years in spite of the progress made in solving the debt crisis, the European Union warned Wednesday as it downgraded its forecasts for the 27-country bloc. (AP Photo/Virginia Mayo)

EU: Eurozone recession to be worse, rebound slower

By Sarah DiLorenzo - Associated Press

Economy Briefs: Former ECB chief economists criticize bond-buying program

By THE WASHINGTON TIMES

Protesters from Greek Communist Party-affiliated unions march in front of the Greek parliament in Athens on Wednesday, Sept. 26, 2012. (AP Photo/Dimitri Messinis)

Greek, Spanish riots shatter European market calm

By Elena Becatoros - Associated Press

French Finance Minister Pierre Moscovici talks on his cell phone Sept. 14, 2012, prior of the Informal European economic and financial affairs council in capital Nicosia, Cyprus. European finance ministers are gathering in Cyprus for two days of discussions about the debt crisis and the latest developments in Greece and Spain. (Associated Press)

European ministers discuss Greece debt extension

By Nicholas Paphitis and Pan Pylas - Associated Press

EU officials ask nations for bank control

By Sarah DiLorenzo - Associated Press

Illustration by Alexander Hunter for The Washington Times

RAHN: The wrong doctors

By Richard W. Rahn - The Washington Times

A woman leaves an unemployment bureau in Athens on Thursday. The European Central Bank fleshed out plans for an “Outright Monetary Transactions” program that aims to help troubled European nations like Greece stave off another crisis. (Associated Press)

Stocks surge over eurozone rescue plan

By Tim Devaney - The Washington Times