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European Central Bank | ORGANIZATION

 

The European Central Bank (ECB) is one of the world's most important central banks, responsible for monetary policy covering the 16 member States of the Eurozone. It was established by the European Union (EU) in 1998 with its headquarters in Frankfurt, Germany.

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European Bank president Jean-Claude Trichet, top left speaks as the Governor of the Bank of Spain Miguel Angel Fernandez Ordonez, bottom right, listens during a financial conference in Madrid Monday Nov. 23, 2009. Jean-Claude Trichet
Manchester City's Robinho, left, reacts after scoring a goal with fellow team members Stephen Ireland, center, and Micah Richards, right, during their English Premier League soccer match against Blackburn at Ewood Park Stadium, Blackburn, England, Sunday, Dec. 28, 2008. Ireland
Dominique Strauss-Kahn, Managing Director of the International Monetary Fund, center and on screen, speaks during a session on the Global Economic Outlook at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010. International Monetary Fund
PARIS - FEBRUARY 02: Ambassador and Permanent Representative of France to the European Union Pierre Sellal delivers a speech at the International 'Global Zero' Summit Against Nuclear Weapons at Hotel Intercontinental on February 2, 2010 in Paris, France. European Union
Bob Geldof, Archbishop Desmond Tutu, Muhammad Yunus, London Mayor Boris Johnson, One Young World Co-founder and Havas Worldwide Global CEO David Jones, One Young World Co-founder and Euro RSCG Group Chairman Kate Robertson, and hundreds of delegates from One Young World, arrive at Old Billingsgate in London for the One Young World Opening Ceremony. London
HAMBURG, GERMANY - FEBRUARY 05: Thomas Oppenheimer of Frankfurt is challenged by Alexander Barteis and Alexander Barta of Hamburg during the DEL match between Hamburg Freezers and Frankfurt Lions at the Color Line Arena on February 5, 2010 in Hamburg, Germany. Frankfurt
Graphic shows change in weekly jobless claims. Unemployment
In this photo released by China's Xinhua news agency, fireworks explode over the People's Square in Giuyang, capital of southwest China's Guizhou Province early Sunday, Feb. 18, 2007, the New Year's Day on China's lunar calendar. China
Jose Manuel Barroso, president of the European Commission, right, reacts with EU foreign affairs chief Catherine Ashton before presenting the new European Commission, Tuesday Feb. 9, 2010 at the European Parliament in Strasbourg, eastern France. European Commission
A pedestrian walks outside a worksite in Athens on Tuesday, Feb. 9, 2010. Greece's government was tackling the thorny issue of pension and wage reform Tuesday, part of its plan to fight a debt crisis that has alarmed global markets, even as strikes were being planned nationwide. Athens
BRUSSELS, BELGIUM - DECEMBER 27: A Christmas tree is illuminated at Brussels Grande Place on December 27, 2009 in Brussel, Belgium. Brussels
GLASGOW, SCOTLAND - JANUARY 30: 2of USA celebrates winning the Women's 1500M during the Aviva International Athletics Match at Kelvin Hall on January 30, 2010 in Glasgow, Scotland. Aviva
US actor Harisson Ford arrives with US actress Calista Flockhart to attend the screening of the movie 'The proposal' on september 12, 2009 at the 35th US film festival in Deauville, western France. Ford Motor Company
VALENCIA, SPAIN - FEBRUARY 02: Kamui Kobayashi of Japan and BMW Sauber drives his car during winter testing at the Ricardo Tormo Circuit on February 2, 2010 in Valencia, Spain. BMW
CEO of France's largest bank BNP Paribas, Baudoin Prot, leaves the Elysee palace after a meeting with French President Nicolas Sarkozy, in Paris Tuesday Aug. 25, 2009. Prot told reporters that the chiefs of six banks meeting with Sarkozy pledged to try to be "exemplary" in their bonus policies. BNP Paribas
Graphic shows daily January Dow Jones closes since 2005 and annual percent change for the corresponding years. Dow Jones
Chinese men are seen outside a branch of the China Construction Bank in Beijing, China, Wednesday, Jan. 7, 2009. Bank of America Corp. is selling part of its stake in China Construction Bank Ltd., China's second-largest state-owned lender, in a deal that could be worth up to $3 billion as the U.S. institution raises money to cope with trouble at home. China Construction Bank
A departure sign showing delayed flights at Dublin International Airport, Wednesday, Jan. 20, 2010. A four-hour strike by air traffic controllers went under way at Cork, Dublin and Shannon airports, disrupting the travel plans of up to 20,000 passengers. Behind the scenes efforts to avert Wednesday's strike failed to break the deadlock between the air traffic controllers' union, IMPACT, and their employer, the Irish Aviation Authority. Dublin

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President of the European Central Bank Jean Claude Trichet speaks during a session 'Redesigning Financial Regulation' at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

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President of the European Central Bank Jean Claude Trichet speaks during a session 'Redesigning Financial Regulation' at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

AP 

President of the European Central Bank Jean Claude Trichet speaks during a session 'Redesigning Financial Regulation' at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

CloseCaption
President of the European Central Bank Jean Claude Trichet speaks during a session 'Redesigning Financial Regulation' at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

AP 

President of the European Central Bank Jean Claude Trichet speaks during a session 'Redesigning Financial Regulation' at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

CloseCaption
President of the European Central Bank Jean Claude Trichet speaks during a session 'Redesigning Financial Regulation' at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

AP 

European Central Bank President Jean Claude Trichet, center, arrives for a bankers meeting at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

CloseCaption
European Central Bank President Jean Claude Trichet, center, arrives for a bankers meeting at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

AP 

President of the European Central Bank, Jean-Claude Trichet, shades his face during a panel "Rethinking Government Assistance"at the World Economic Forum in Davos, Switzerland, Friday, Jan. 29, 2010.

CloseCaption
President of the European Central Bank, Jean-Claude Trichet, shades his face during a panel "Rethinking Government Assistance"at the World Economic Forum in Davos, Switzerland, Friday, Jan. 29, 2010.

AP 

President of the European Central Bank, Jean-Claude Trichet, gestures while speaking during a panel "Rethinking Government Assistance"at the World Economic Forum in Davos, Switzerland, Friday, Jan. 29, 2010.

CloseCaption
President of the European Central Bank, Jean-Claude Trichet, gestures while speaking during a panel "Rethinking Government Assistance"at the World Economic Forum in Davos, Switzerland, Friday, Jan. 29, 2010.

AP 

Jean-Claude Trichet, President of the European Central Bank, gestures during the session ''Rethinking the Eurozone" at the World Economic Forum in Davos, Switzerland, Thursday, Jan. 28, 2010. The World Economic Forum is turning toward earthquake-ravaged Haiti and steering Africa to prosperity as more world leaders arrive for the annual event in this Swiss Alpine resort.

CloseCaption
Jean-Claude Trichet, President of the European Central Bank, gestures during the session ''Rethinking the Eurozone" at the World Economic Forum in Davos, Switzerland, Thursday, Jan. 28, 2010. The World Economic Forum is turning toward earthquake-ravaged Haiti and steering Africa to prosperity as more world leaders arrive for the annual event in this Swiss Alpine resort.

AP 

European Commissioner for the Economy Joaquin Almunia, right, shares a word with the President of the European Central Bank Jean Claude Trichet at the start of an Eurogroup meeting at the EU Council in Brussels, Monday Jan. 18, 2010.

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European Commissioner for the Economy Joaquin Almunia, right, shares a word with the President of the European Central Bank Jean Claude Trichet at the start of an Eurogroup meeting at the EU Council in Brussels, Monday Jan. 18, 2010.

AP 

The President of the European Central Bank Jean Claude Trichet, left, shares a word with Germany's Finance Minister Wolfgang Schauble, right, France's Finance Minister Christine Lagarde, 2nd right, and Finland's Finance Minister Jyrki Katainen at the start of an Eurogroup meeting at the EU Council in Brussels, Monday Jan. 18, 2010.

CloseCaption
The President of the European Central Bank Jean Claude Trichet, left, shares a word with Germany's Finance Minister Wolfgang Schauble, right, France's Finance Minister Christine Lagarde, 2nd right, and Finland's Finance Minister Jyrki Katainen at the start of an Eurogroup meeting at the EU Council in Brussels, Monday Jan. 18, 2010.

AP 

The President of the European Central Bank Jean Claude Trichet, right, shares a word with Portugal's Finance Minister Fernando Teixeira dos Santos and Greece's Finance Minister George Papaconstantinou at the start of an Eurogroup meeting at the EU Council in Brussels, Monday Jan. 18, 2010.

CloseCaption
The President of the European Central Bank Jean Claude Trichet, right, shares a word with Portugal's Finance Minister Fernando Teixeira dos Santos and Greece's Finance Minister George Papaconstantinou at the start of an Eurogroup meeting at the EU Council in Brussels, Monday Jan. 18, 2010.

AP 

European Central Bank (ECB) President Jean-Claude Trichet gestures during a press conference after the ECB decided to leave its main interest rate of 1 percent unchanged, in Frankfurt, central Germany, Thursday, Jan. 14, 2010.

CloseCaption
European Central Bank (ECB) President Jean-Claude Trichet gestures during a press conference after the ECB decided to leave its main interest rate of 1 percent unchanged, in Frankfurt, central Germany, Thursday, Jan. 14, 2010.

AP 

European Central Bank (ECB) President Jean-Claude Trichet gestures during a press conference after the ECB decided to leave its main interest rate of 1 percent unchanged, in Frankfurt, central Germany, Thursday, Jan. 14, 2010.

CloseCaption
European Central Bank (ECB) President Jean-Claude Trichet gestures during a press conference after the ECB decided to leave its main interest rate of 1 percent unchanged, in Frankfurt, central Germany, Thursday, Jan. 14, 2010.

AP 

President of European Central Bank Jean-Claude Trichet is seen during a press conference in Frankfurt, central Germany, Thursday, Jan. 14, 2010, after the ECB decided to leave its main interest rate as expected, at a historic low of one percent, unchanged.

CloseCaption
President of European Central Bank Jean-Claude Trichet is seen during a press conference in Frankfurt, central Germany, Thursday, Jan. 14, 2010, after the ECB decided to leave its main interest rate as expected, at a historic low of one percent, unchanged.

AP 

President of European Central Bank Jean-Claude Trichet is seen during a press conference in Frankfurt, central Germany, Thursday, Jan. 14, 2010, after the ECB decided to leave its main interest rate as expected, at a historic low of 1 percent, unchanged.

CloseCaption
President of European Central Bank Jean-Claude Trichet is seen during a press conference in Frankfurt, central Germany, Thursday, Jan. 14, 2010, after the ECB decided to leave its main interest rate as expected, at a historic low of 1 percent, unchanged.

AP 

Launch Gallery0 of 0

"I would like the leaders of Europe to say to the Greek authorities that in exchange for the efforts you are making, you are going to get support from us ... We have got instruments to provide that in exchange for clear..."


Joaquín Almunia Feb 09 2010 6:25 PM from Guardian Unlimited

"we will face up to the facts and correct the problem, putting customers' safety and convenience first."


Akio Toyoda Feb 09 2010 3:30 PM from Globe and Mail

"Of course contagion is something that has to be taken seriously. But I think it is not founded in economic reality For instance the Greek debt situation is quite substantially different from the one in Portugal and Spain. The..."


Ewald Nowotny (politician) Feb 09 2010 3:26 PM from Reuters Blogs

"There is, no doubt, a lot of speculation around ... So I heard yesterday, around here in London, talking with the bankers, it became quite obvious that hedge funds do play a role and this is something that I think one has to take..."


Ewald Nowotny (politician) Feb 09 2010 3:26 PM from Reuters Blogs

"The ECB have a clear mandate … we have a clear no-bailout clause"


Ewald Nowotny (politician) Feb 09 2010 3:26 PM from Reuters Blogs

"What is...now in discussion is the question that the ECB for the time being, as part of our crisis prevention program, [has] lowered the quality requirements for collateral"


Ewald Nowotny (politician) Feb 09 2010 3:02 PM from FOX Business
  of  

President of the European Central Bank Jean Claude Trichet speaks during a session 'Redesigning Financial Regulation' at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

CloseCaption
President of the European Central Bank Jean Claude Trichet speaks during a session 'Redesigning Financial Regulation' at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

AP 

President of the European Central Bank Jean Claude Trichet speaks during a session 'Redesigning Financial Regulation' at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

CloseCaption
President of the European Central Bank Jean Claude Trichet speaks during a session 'Redesigning Financial Regulation' at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

AP 

President of the European Central Bank Jean Claude Trichet speaks during a session 'Redesigning Financial Regulation' at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

CloseCaption
President of the European Central Bank Jean Claude Trichet speaks during a session 'Redesigning Financial Regulation' at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

AP 

European Central Bank President Jean Claude Trichet, center, arrives for a bankers meeting at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

CloseCaption
European Central Bank President Jean Claude Trichet, center, arrives for a bankers meeting at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010.

AP 

President of the European Central Bank, Jean-Claude Trichet, shades his face during a panel "Rethinking Government Assistance"at the World Economic Forum in Davos, Switzerland, Friday, Jan. 29, 2010.

CloseCaption
President of the European Central Bank, Jean-Claude Trichet, shades his face during a panel "Rethinking Government Assistance"at the World Economic Forum in Davos, Switzerland, Friday, Jan. 29, 2010.

AP 

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