ECB Leaves Rates Unchanged; Markets Await Word from Trichet

by | Dec 2, 2010 | Towing

The European Central Bank left interest rates unchanged for a 20th straight month.

Officials at the ECB in Frankfurt left the benchmark lending rate unchanged at 1%, Bloomberg News reported. The move was widely forecast by analyst and economists.

A…

As Ireland Taps Funds, Europe’s Bailout Tab Looks Set to Soar

by | Nov 21, 2010 | Towing

The European Central Bank, eurozone nations, and the International Monetary Fund (IMF) created a bailout fund of $955 billion in May to aid regional nations which might face funding issues. Whether that fund will be large enough to handle all Europe’s …