Topic: Mario Draghi

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Eurozone crisis: Who wants what

A look at four central players in the eurozone crisis, and what they want.
12/09/2011 07:00 am

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The Reformed Broker Is Europe about to 'go American'?

Asset reflation has allowed the US to slowly pull out from the recession, while spending cuts across Europe have crushed recovery, Brown says. Depending on the outcomes of elections in Germany, Europe may begin pursuing much looser monetary policies.
Global markets drop with no clear winner in Italian elections

Some election results in Italy are inconclusive, as of Tuesday. And world economic markets are reacting to the news in a negative manner.
EU says eurozone economy will shrink this year

Eurozone economy will contract 0.3 percent, the European Union predicts, but bottom out in the first half of 2013. Eurozone growth estimate for 2014: 1.4 percent.
As euro strengthens, debate grows about setting a 'target' value

France has floated more intervention, which Germany rejects. The debate is framed by rising concerns over a 'currency war' if countries try to spur economic growth by devaluing their currencies.
S&P hits five-year high

The S&P 500 index advances for sixth week in a row. Dow just shy of 14000 on mostly positive earnings reports and sharply narrow US trade deficit.
ECB nod allows Ireland to shut down toxic bank, easing debt pressures

Ireland closed down the bankrupt Anglo Irish Bank in 2011, absorbing its debt and assets into a state-owned bank. Overnight, it voted to shut down that bank as well.
When Britain talks Europe exit, who cares about 'euro crisis'?

'Brexit' replaces 'Grexit' even as last year's prophets of doom go in hiding: Greek, Italian, Spanish crises seem on auto-pilot as continent's glitterati ski at swanky Davos.
Stocks up; S&P 500 hits five-year high

Stocks closed higher on Wall Street Thursday, sending the S&P 500 index to another five-year high. A good start to earning reports season helped push stocks up.
Is this the year that the eurocrisis ends?

The European Central Bank has moved to shore up the euro, investors are more confident, and European leaders are surprisingly upbeat. But critics warn that Europe is not out of the woods.
$1 million Apple heist: Thieves hit Paris store on New Year's Eve

$1 million Apple heist at the flagship store in Paris was a 'well prepared' operation, police said. Four armed thieves used the commotion around New Year's Eve festivities in downtown Paris to carry out the $1 million Apple heist.
Euro officials cut a deal on Greek debt

Eurozone finance ministers agreed to give Greece the next installment of its bailout loan, totaling about $57.8 billion. Greece will soon enter its sixth year of recession.
Stocks slide on Wall Street, extending sell-off

The potential for gridlock in Washington sent stocks spiraling downward for a second day straight Thursday. The Dow closed down 121 points, or nearly 1 percent.
Dow loses 313 in post-election sell-off

Stocks plummeted during Wall Street's first day of trading after President Obama's reelection. Stocks also spiraled downward in the days after Obama's first victory.
As 'fiscal cliff' looms, stock markets shudder at economic 'uncertainty'

Tuesday's election has stirred stock markets' concerns about the economy, with the Dow Jones falling 2 percent Wednesday. The reason: Washington appears poised for gridlock – again.
Cover Story Is Europe really on the brink?

Europe's biggest crisis in the postwar era is not just about the economy. It's about a search for identity – and a rationale for staying unified.
Europe unrest reverberates on Wall Street

A dip in home sales and unrest in Europe sent stocks sliding Wednesday, extending the longest losing streak for the S&P 500 since mid-July. European stocks had their worst day in months as unrest threatened to boil over in Greece.
Spain's troubles worsen, sparking new phase for euro crisis

Spanish stock prices fall 3 percent Wednesday as Spain's bond rates rise above 6 percent and demonstrators take to the streets to protest anticipated cuts in government spending.
Fed stimulus sends stocks soaring to 4-year high (+video)

US stocks rallied after news that the Federal Reserve will spend $40 billion a month to buy mortgage securities. Nearly four stocks rose for every one falling, and the Dow closed at its highest level since December 2007.
ECB bond-buying boosts markets in early trading

European Central Bank's bond-buying plan continued to lift financial markets on Friday ahead of key US jobs data. European Central Bank president Mario Draghi unveiled a plan Thursday to to buy unlimited amounts of short-term bonds from euro countries that request help.
Stocks soar to highest level in four years

US, European stocks surge in response to European Central Bank's plan to buy bonds to support struggling Spain and Italy. S&P 500 rises 28 points; the Dow jumps 244 points to close at 13292.
Europe's bank promises to rescue ailing economies, but with strings

European Central Bank President Mario Draghi announced that the ECB would buy the bonds of ailing eurozone nations. But the plan's success turns on conditions that have yet to be spelled out.
Merkel stands increasingly alone in opposing Greek eurozone exit

Germany's Chancellor Merkel is sticking to her position that Greece must stay – and that its exit could have unforeseen negative consequences. But the ranks of those who disagree are growing.
The Reformed Broker The market holds its breath

As Ben Bernanke and ECB President Mario Draghi get set to make speeches later this week, the stock market waits and hopes for good news.
Stocks edge down as doubts mount about ECB action

Stocks fall slightly on one of the lightest trading days of the year. Stock market weighed down by doubts about how forcefully the European Central Bank might act to head off Europe's debt crisis.
Eurozone economy shrinks. Germany ekes out growth.

Eurozone conracts by 0.2 percent for the second quarter. Germany manages a slightly better-than-expected 0.3 percent, while debt-laden euro nations shrink.