EUROPEAN CENTRAL BANK

Greece, tiny Mediterranean nation plagued by debt problems, still bears watching by U.S. investors/readers. The reason? Bond vigilantes who have driven up Greece's interest rates could do the same in the United States, if Washington doesn't eliminate its budget deficit.

President of the European Central Bank Jean-Claude Trichet announced the European Central Bank's new interest rate measures at a conference in Frankfurt, Germany.

The European Central Bank is almost certain to raise interest rates later on Thursday and will show no let-up in its insistence that governments solve Greece's debt crisis without triggering a default credit rating.

The European Central Bank is almost certain to raise interest rates later on Thursday and will show no let-up in its insistence that governments solve Greece's debt crisis without triggering a default credit rating.

Since June 15, there has been a significant rise in Treasury yields. Below we present several reasons for the spike and why we think that interest rates will continue to move higher.

Jean-Claude Trichet scotched speculation on Thursday that the European Central Bank may delay interest rate rises because of Greece's plight and the contagion threat it poses, saying the bank was in strong vigilance mode.

In our view, inflation is on the verge of becoming a significant concern for the global economy

European Central Bank Governing Council member Yves Mersch said on Saturday a Greek sovereign debt default would lead to chaos, adding it was up to the parliament to deliver on its austerity promises.

European banks and insurers moved closer on Friday to a voluntary rollover of their Greek government debt holdings, hoping to get around rating agencies' reservations and avoid a Greek default.

EU leaders appointed Italy's Mario Draghi as the next president of the European Central Bank on Friday but it was unclear whether another Italian on the ECB's Executive Board would step down to smooth the process.

European Union leaders have formally appointed Italy's Mario Draghi to be the next president of the European Central Bank, draft conclusions from the EU summit showed on Friday.

The European Parliament formally endorsed Italy's Mario Draghi to be the next president of the European Central Bank on Thursday.

Eurozone will probably cease to exist by 2013, according to a new study published on Monday.

European Central Bank President Jean-Claude Trichet on Sunday raised concern about widening global imbalances after the financial crisis, calling them one of the main challenges for the global economy.

The President of France Nicolas Sarkozy said he has pledged to resolve the Greek debt crisis and that a solution needed to be found quickly, by July at the latest; and that he and German Chancellor Angela Merkel are united in their resolve.

The European Central Bank needs to ensure recent oil and commodity price rises do not trigger inflationary problems, the bank's President Jean-Claude Trichet said on Monday, days after signaling a July interest rate hike.

The former Irish finance minister Brian Lenihan has died from pancreatic cancer.

European Central Bank President Jean-Claude Trichet said on Friday countries that had not undertaken far-reaching structural reforms faced weak growth after the financial crisis.

This week we had two key central bank leaders discuss their views on the risk that the recent rise of inflation is more than simply transitory. And while the mandates that govern these two central banks are different, their views/actions can have significant impact on global currency movements.

The Gold Price continued to hold steady Thursday morning, trading in a tight range around $1536 per ounce - 2.6% off last month's spot market all-time high - while stocks and commodities gained ahead of UK and Eurozone interest rate announcements.

The European Central Bank is in strong vigilance mode over inflation pressures, ECB President Jean-Claude Trichet said on Thursday, using code words to indicate an interest rate increase is probably only a month away.