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Central Banks

ECB / EMU

Riksbank Nyberg: 'Very Good Chance' Europe Gets Out Of Crisis

Europe stands a "very good" chance of getting out of its current debt crisis, although the process will take time, Riksbank Deputy-Governor Lars Nyberg told Market News International Friday. "There's a very good...

Fri, 09/03/2010 - 03:42

ECB / EMU

ECB's Draghi: Recovery Here To Stay But Faces Risks

The global economic recovery is here to stay but it is also at risk as a result of financial market fragility and the end of fiscal stimulus cycles, Financial Stability Board Chairman and Bank of Italy Governor Mario...

Fri, 09/03/2010 - 02:44

Central Banks

Press:Greece Begins US Roadshow Apr20; Unsure If $ Bond Offer

TOKYO (MNI) - The Greek government will begin a debt sales roadshow to the United States on April 20, but may not include any dollar-denominated bonds as part of the securities on offer, the head of the nation's government debt agency said in an interview with JiJi news agency published Friday.

"I'm not sure if we are going to issue dollar-denominated bonds after (the road show)," PDMA chief Petros Christodoulou said.

Federal Reserve State of Play - By Steve Beckner - 15 Apr 2010

Once again, Federal Reserve Chairman Ben Bernanke gave no hint he is ready to start raising interest rates anytime soon in Congressional testimony on Wednesday, April 14. A few Fed officials have advocated raising rates soon, notably Kansas City Fed President Thomas Hoenig. But others think the economy still needs low rates. And Bernanke made clear he is in the latter camp in testimony to the Joint Economic Committee.

Update 2: Nowotny: Greece Has Begun Talks To Activate Aid

MADRID (MNI) - Greece has begun talks with an eye towards activating the joint Eurozone-IMF aid plan that was unveiled last Sunday, European Central Bank Governing Council member Ewald Nowotny said here early Thursday evening.

Update: Nowotny:Greece Has Begun Talks Towards Activating Aid

MADRID (MNI) - Greece has begun talks with an eye towards activating the joint Eurozone-IMF aid plan that was unveiled last Sunday, European Central Bank Governing Council member Ewald Nowotny said here early Thursday evening.

ECB Nowotny: Greece Has Started Talks Towards Activating Aid

MADRID (MNI) - Greece has begun talks with an eye towards activating the joint Eurozone-IMF aid plan that was unveiled last Sunday, European Central Bank Governing Council member Ewald Nowotny said here early Thursday evening.

"As you know, Greece has already started talks in that direction, and this is why all this planning has been done. So [the plan] is not just for theory but for practice," Nowotny told reporters outside a reception for Eurozone finance ministers and central bankers on the eve of a two-day meeting that will start tomorrow.

Fed's Lockhart Text: Should Not Start Tightening Too Soon -2

WASHINGTON (MNI) - The following is the second and final section of the text of Atlanta Federal Reserve Bank President Dennis Lockhart's remarks prepared for the Pensacola West Suburban Rotary Club Thursday:

Greece

Fed's Lockhart Text: Should Not Start Tightening Too Soon

WASHINGTON (MNI) - The following is the text of Atlanta Federal Reserve Bank President Dennis Lockhart's remarks prepared for the Pensacola West Suburban Rotary Club Thursday:

For my remarks today, I plan to speak about the current economic situation and outlook and comment on some of my concerns as I assess the sustainability of the recovery under way.

The views I will express are mine and are not necessarily shared by my colleagues on the Federal Open Market Committee (FOMC).

The economy today

SNB Jordan: Need Solution For Banks To Fail W/Out Econ Risk

BERLIN (MNI) - Future financial market regulation must prevent big banks from continuing to act under the assumption they will always be saved by the government in case of emergency, SNB Vice President Thomas Jordan said in the text of a speech to be delivered on Thursday in Zurich.

"The too big to fail problem must absolutely be solved," Jordan stressed in his speech. "It is absolutely key that the government in the future not be prone to blackmail any longer."