Tag: Luis de Guindos
Inflation in the euro zone falls more than expected
Frankfurt The price pressure in the euro area eased significantly in May. Consumer prices rose by 6.1 percent compared to the same month last year. This was announced by the…
Despite falling inflation rates, wage demands are rising
Warning strikes in the public sector For the 2.5 million federal and local employees, Verdi and the Civil Service Association are demanding 10.5 percent more money, but at least 500…
These four risks in the financial system are of great concern to the ECB
Frankfurt banking skyline Sharply increased interest rates in combination with a weak economy could lead to higher loan defaults. (Photo: dpa) Frankfurt The European Central Bank (ECB) sees increased risks…
Top European supervisors are harshly critical of EU governments
ECB Vice President Luis de Guindos The Spaniard and the heads of the ECB banking supervision and the EU banking authority Eba, Andrea Enria and José Manuel Campa, warn of…
Spain’s new bank tax is causing concern
Pedro Sanchez In July, the Spanish Prime Minister surprisingly announced a special tax on the net interest income and the net fees of the large Spanish banks. (Photo: IMAGO/Mike Schmidt)…
ECB sees four risks for the financial system
ECB headquarters in Frankfurt Frankfurt The European Central Bank (ECB) sees additional vulnerabilities for the financial system as a result of the war in Ukraine and high inflation. “The terrible…
The Council splits along these lines
ECB headquarters in Frankfurt The next meeting of the Council is scheduled for June 9th. (Photo: AP) Frankfurt The European Central Bank is targeting the first rate hike in the…
Inflation in Germany higher than it has been since 1981
Deep pumps for oil production The rise in energy prices is being exacerbated by the war in Ukraine and an imminent freeze on oil and energy supplies from Russia. (Photo:…
Few economists gave early warning
Deep pumps for oil production The rise in energy prices is being exacerbated by the war in Ukraine and an imminent freeze on oil and energy supplies from Russia. (Photo:…
“Politics should reduce the burden of the price shock”
Frankfurt ECB Vice President Luis de Guindos is calling on politicians to do their part to prevent a wage-price spiral. The current price shock in energy and raw material prices…
“Politics should reduce the burden of the price shock”
Frankfurt ECB Vice President Luis de Guindos is calling on politicians to do their part to prevent a wage-price spiral. The current price shock in energy and raw material prices…
The Central Bank Council is divided along these lines
The Governing Council, which is made up of the Executive Board and the heads of the national central banks, is currently seen by the majority as an assembly of “doves”,…