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Foto : Ilustration
Iceland Seeks Loan From Russia, Pegs Currency

By Tasneem Brogger Oct. 7 (Bloomberg) -- Iceland sought a 4 billion-euro ($5.43 billion) loan from Russia, pegged the slumping krona to a basket of currencies and took control of its second-biggest bank to...
Reykjavik, 07.10.2008 more...
Foto : Ilustrtion  SITA
Medvedev vows 'constructive' Mideast role to Olmert: reports

MOSCOW (AFP) - Russian President Dmitry Medvedev assured outgoing Israeli Prime Minister Ehud Olmert on Tuesday that Moscow wants to play a "constructive role" in the Middle East, news agencies reported....
Moscow, 07.10.2008 more...
Foto : Ilustration from Mirror Hall of the Primate’s Palace, Bratislava
International conference - „Chances and challenges of the cross-border cooperation in Europa the example of the Region Basle – Upper Rhine“

Today was in Bratislava meeting organize by Centrope Europa in Mirror Hall of the Primate’s Palace, Bratislava. Bratislava became an important political and cultural centre already in the 11th century. This...
Bratislava, 06.10.2008 more...
Foto : Ilustration
Tanganyika Oil Company Ltd. Announces C$31.50 Per Share Cash Offer by Sinopec International Petroleum Exploration and Production Corporation

CALGARY, ALBERTA--(Marketwire - Sept. 25, 2008) - Tanganyika Oil Company Ltd. ("Tanganyika Oil" or "the Company") (TSX:TYK)(OMX:TYKS) announced today that it has entered into a definitive agreement (the...
CALGARY, ALBERTA, 06.10.2008 more...
Foto : Wouter Bos
Bos denies Fortis withheld information

Finance minister Wouter Bos has denied that the troubled financial services group Fortis misinformed the Dutch government and the regulator about the company’s balance sheet, reports the Financieele Dagblad...
Amsterdam, 02.10.2008 more...
Foto Ilustration
Irish bank shares rocket after government guarantee

By Ian Guider and Dara Doyle Tuesday September 30 2008 Anglo Irish Bank Corp. Plc led a surge in Irish financial stocks after the government guaranteed the deposits and borrowings of six...
Dublin, 30.09.2008 more...
Foto : OECD in Slovakia
Corporate tax rates fall worldwide, says KPMG study

International Tax Review Corporate tax rates have fallen by just under one percentage point worldwide this year with not a single country raising its rates for the first time since 1994, says a report from...
World, 29.09.2008 more...
Foto : Ilustračné
RPT-INTERVIEW-ECB should postpone new voting system-Liebscher

VIENNA, Aug 21 (Reuters) - The European Central Bank should defer introducing a new rotational voting system, which is due to kick in with Slovakia's euro entry, until more nations join the euro zone, outgoing...
ECB, 22.09.2008 more...
Foto : Mr Tsvangirai has suffered arrest, assault, attempted assassination and trial on charges of treason, all at the hands of Mr Mugabe's regime Photo: Reuters
Zimbabwe: Robert Mugabe and Morgan Tsvangirai sign historic power-sharing deal

Morgan Tsvangirai, cheered by thousands of dancing supporters, has signed an historic power-sharing agreement with President Robert Mugabe and become Zimbabwe's new prime minister. By Sebastien Berger in...
Harare, 19.09.2008 more...
Foto : Ilustration
The European Central Bank (ECB) was set up in 1998, under the Treaty on European Union, and it is based in Frankfurt (Germany). Its job is to manage the euro - the EU's single currency, and to safeguard price stability for the more than two-thirds of the EU's citizens who use the euro. The ECB is also responsible for framing and implementing the EU’s economic and monetary policy.

To carry out its role, the ECB works with the European System of Central Banks (ESCB), which covers all 27 EU countries. However, only 15 of these countries have so far adopted the euro. The 15 collectively make up the ‘euro area’ and their central banks, together with the European Central Bank, make up what is called the ‘Eurosystem’.

The ECB works in complete independence. Neither the ECB, the national central banks of the Eurosystem, nor any member of their decision-making bodies can ask for or accept instructions from any other body. The EU institutions and member state governments must respect this principle and must not seek to influence the ECB or the national central banks.

The ECB, working closely with the national central banks, prepares and implements the decisions taken by the Eurosystem’s decision-making bodies - the Governing Council, the Executive Board and the General Council.

Jean-Claude Trichet, from France, became President of the ECB in November 2003.
ECB and Bank of England inject funds

By Ralph Atkins in Frankfurt and Delphine Strauss and Norma Cohen in London Published: September 15 2008 09:00 | Last updated: September 15 2008 12:00 The European Central Bank said on Monday it had...
ECB, 17.09.2008 more...
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