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Mario Draghi
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Meeting between Austria's Chancellor Nehammer and Italy's Prime Minister Draghi in Merano Canceled
On the occasion of the 50th anniversary of the second South Tyrolean autonomy statute, the meeting between Austria's Chancellor Karl Nehammer and Italian Prime Minister Mario Draghi will not take place as planned.
August 25, 2022
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Weekly Briefing: Latest Developments in and Around Diplomacy
The Find out more about this week's developments. Last week was turbulent for the most important matters of diplomacy in Vienna. The war in Ukraine, the European Forum Alpbach or the efforts of international organizations in Vienna towards peaceful solutions shows once again how multifaceted diplomacy is. Read about the latest developments in diplomacy in Vienna and Austria.
August 25, 2022
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European Leaders Take Unified Position Against Russian Aggression Against Ukraine
Several heads of state - including Ursula von der Leyen, Jens Stoltenberg, Boris Johnson, Emmanuel Macron, Olaf Scholz, Mario Draghi, Charles Michel and Polish President Andrzej Duda, representing the Chairmanship of the OSCE - took part in a virtual meeting organised by the President of the United States Joe Biden, on Russia’s continued military build-up in and around Ukraine and its implications for European and international security.
January 24, 2022
Van der Bellen in Italy: "The Pandemic Can be Considered Overcome"
On his visit to Rome and the Vatican, Austria's President Alexander Van der Bellen and his Italian counterpart Sergio Mattarella are optimistic that the effects of the Covid-19 pandemic, such as lockdowns and travel restrictions, can be considered overcome.
June 8, 2021
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Jens Weidmann Demands in Vienna an End to Massive Bond-Buying Program
The head of Deutsche Bundesbank, Jens Weidmann, visits Vienna to receive the Grand Decoration of Honour in Gold (Grosses Goldenes Ehrenzeichen) from Finance Minister Hartwig Löger. In his speech he called for a rapid end to bond purchases by the European Central Bank (ECB).
March 26, 2018
ECB Unleashes Quantitative Easing - How does it work?
Today, the ECB finally commenced on a large scale sovereign bond-buying programme. The €60bn monthly asset purchases include covered bonds and asset backed securities. Due to the flood of cheap money, the DAX was boosted. The index increased by up to one per cent to a record high of 10,399.67 points. Quantitative easing is a monetary policy where a central bank creates new money electronically to buy financial assets. The aim is to stimulate an economy when standard monetary policy has become ineffective. How does it work?
January 22, 2015
ECB Wants to Supervise All Banks
For the European Central Bank, the current authority does not go far enough. The ECB wants to control all 6,600 banks in the Eurozone.
February 8, 2014
Eurozone: Highest Economic Growth in Two Years
The purchase manager index for the private economy increased to 53.2 points up by 1.1 points, as published by Markit research institute on Thursday.
January 23, 2014
Eurozone: Further Capital Injections at Banks Expected
The Council of the European Central Bank (ECB) is holding a summit today. The low inflation rate in the Eurozone is still a dilemma for the monetary authorities.
January 9, 2014
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Interest Rate Cut: “Very Effective Property Tax“
Economists have judged the ECB’s cut in interest rate differently. According to Brezinschek, chief analyst at Raiffeisen International, savers that are not involved in speculative investments will not benefit from the latest key rate cut.
November 8, 2013
Eurozone: Key Rate At Record Low
Low inflation was reason for ECB to lower key rate again by 0.25 percent.
November 7, 2013
Bank Asset Review: Slovenia´s Government Satisfied
According to Slovenia´s Prime Minister Alenka Bratusek, Slovenia´s government has received full support for the bank asset review. ECB´s point of view is more critical, however.
October 26, 2013
ECB: “Uniform Assessment for Banks Important Step for Europe”
Assessment of ECB is an important step in the preparation of the single supervisory mechanism.
October 24, 2013
Austrian Banks Expected to Pass Auditing
According to the financial supervisors, the Austrian banks are likely to pass the ECB’s (European Central Bank) auditing since there are no significant adjustment requirements.
October 23, 2013
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FX Loans: ECB Warns Hungary
ECB´s governor Mario Draghi warns Hungary. The conversion of foreign currency loans may sharpen the credit crunch.
October 14, 2013
Eight Austrian Banks to be Supervized by ECB
The European Central Bank will supervise 130 banks in the Eurozone. 18 German and six Austrian banks will have a new supervision authority.
September 6, 2013
Leitl: „Cut of Base Rate by ECB Important and Necessary Signal“
President of the Austrian Chamber of Commerce Christoph Leitl welcomed the cut of the main refinancing rate to 0.5 percent.
May 2, 2013
Trichet Succession: The Austrian Nowotny Has Chances As Outsider
The European Central Bank (ECB) will appoint a new president in November 2011. The favorites are the German Axel Weber and the Italian Mario Draghi. But Nowotny has outsider chances.
November 5, 2010
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