European Central Bank

• 

  Sweden Won’t Bail Out ‘Ill-Managed’ European Banks: Finance Minister

  By Marlene Y. Satter, AdvisorOne  |  September 21, 2012

  Finance Minister Anders Borg of Sweden said that his country’s government will never agree to allow its taxpayers’ money to bail out “ill-managed” European banks.

• 

  Germany No Obstacle to Oversight: EC Official

  By Marlene Y. Satter, AdvisorOne  |  September 21, 2012

  The head of the EC's financial services arm said that the EC was confident it could win Germany over on the matter of the ECB overseeing all eurozone banks.

• 

  Deposit Flight Jeopardizes Euro: Report

  By Marlene Y. Satter, AdvisorOne  |  September 19, 2012

  Deposit outflows from the banks of four countries in the eurozone are contributing to a failure of economic growth and undermining the joint currency itself.

• 

  Cut Greece Some Slack: Creditor Group

  By Marlene Y. Satter, AdvisorOne  |  September 18, 2012

  The catch, the group's managing director says, is that leniency should be granted only after Greece has managed to deliver on the requirements already in place for it to get its bailout.

• 

  Merkel Defends ECB, Bundesbank

  By Marlene Y. Satter, AdvisorOne  |  September 17, 2012

  Chancellor Angela Merkel of Germany defended both sides of the bond-buying issue, saying that politicians should stay out of ECB limits in bond purchases but championing the right of the Bundesbank head to challenge them.

• 

  Spain Hesitates on Aid as European Finance Ministers Meet

  By Marlene Y. Satter, AdvisorOne  |  September 14, 2012

  Prime Minister Mariano Rajoy of Spain continued to hold off in requesting a bailout for the country’s banks, citing lower interest rates in the wake of the ECB's decision to commit to unlimited bond purchases.

• 

  EC President Unveils Banking Union Plan

  By Marlene Y. Satter, AdvisorOne  |  September 12, 2012

  The plan laid out by President Jose Manuel Barroso would not only allow the ECB to supervise all eurozone banks, but would also give it jurisdiction over a broader, and at first voluntary, EU banking base.

• 

  DoubleLine’s Gundlach Contradicts Bill Gross, Says Inflation Unlikely

  By John Sullivan, AdvisorOne  |  September 11, 2012

  On a Web seminar, a whirlwind trip around the globe to where the star fixed-income manager sees problems and potential.

• S&P 500 Should Soon Surpass 1,500 if History Is a Guide

  By Gil Weinreich, AdvisorOne  |  September 10, 2012

  Nearly seven decades of history foretell an immediate stock price surge following significant market drops, thus signaling a rally in the waning months of the year, S&P Capital IQ's Sam Stovall says in a new equity research report.

• 

  Greek Opposition Holds Out on Spending Cuts

  By Marlene Y. Satter, AdvisorOne  |  September 10, 2012

  Prime Minister Antonis Samaras ound the going tough over the weekend as he failed to convince all members of his coalition that additional austerity measures must be enacted to obtain the next tranche of rescue funding.