7 results for ""DAVID McHUGH""
The European Central Bank has launched a new stimulus program aimed at getting banks to lend more — but low demand for the first round of its super-cheap loans suggests the difficulty the ECB faces in reviving the economy.
Investors have bought billions of euros in German treasury notes that pay negative interest — meaning the purchasers agreed to pay a small fee for the privilege of lending the German government their money.
A key measure of German investor optimism fell in September for the ninth month in a row, dragged down by worries over the crisis in Ukraine, economic stagnation in Europe and the upcoming independence referendum in Scotland.
Eurozone finance ministers on Friday said they were willing to help the European Central Bank in its plan to save the economy. How much they can do in practice, however, remains unclear.
European Central Bank head Mario Draghi made the first move in his grand plan to rescue the economic recovery. Now it's over to the governments of the 18 countries that use the euro.
Europe has gotten another dose of stimulus. But the latest medicine by itself will not bring life to an economy that over the past six years has slid from crisis to crisis.
The European economy needs help. Most people didn't expect it would arrive quite this quickly.