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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 Union Council President Herman Van Rompuy, right, talks to the media during a joint press conference with Georgia's Prime Minister Nikoloz Gilauri, left, following their meeting at the EU Council building in Brussels, Tuesday March 16, 2010. European Union
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
Panathinaikos Athens Simao (L) vies Standard Liege Milan Jovanovic (R) during their UEFA Europa League match at the Olympic Stadium in Athens on March 11, 2010. Athens
The President of the European Commission Manuel Barroso, left talks with Spain's Prime Minister Jose Luis Rodriguez Zapatero prior to a meeting between the European Commission and the Spanish government at the Pardo Palace on the outskirts of Madrid, Tuesday Feb. 23, 2010. European Commission
Victoria Beckham arrives at Heathrow Airport London from Los Angeles, on route to Finland to visit husband soccer star David Beckham Tuesday March 16, 2010 . Beckham tore his achilles tendon and Sunday while playing for AC Milan and had an operation on his injured tendon in Finland on Monday. London
IMF delegation chief Przemyslaw Gajdeczka (R) and his delegation meet with Honduran officials in Tegucigalpa March 16, 2010. International Monetary Fund
From left, former Merrill Lynch Chief Executive Officer E. Stanley O'Neal, John Finnegan, Chair of Management Development and Compensation Committee for Merrill Lynch, and Angelo Mozilo, founder and former chief executive officer of Countrywide Financial Corporation, arrive on Capitol Hill in Washington, Wednesday, June 10, 2009, to testify before the House Oversight and Government Reform hearing examining the compensation and retirement packages granted to the CEOs of corporations deeply involved in the current mortgage crisis. Merrill Lynch
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
WASHINGTON - MARCH 16: US House Minority Leader John Boehner (R-OH) (R) stands near a portrait of former US President Ronald Reagan as he attends a news conference to unveil a new GOP television ad against President Barack Obama's health care legislation, at National Republican Committee headquarters on March 16, 2010 in Washington, DC. Barack Obama
PALM BEACH, FL - FEBRUARY 25: Rosa Morales works with a Bank of America negotiator as she tries to restructure her mortgage loan during a 'Save the Dream' tour stop by the Neighborhood Assistance Corporation of America at the Palm Beach Convention Center on February 25, 2010 in Palm Beach, Florida. The tour, which makes stops around the United States, has on hand hundreds of mortgage counselors from various mortgage companies as people try to avoid foreclosure on their homes. Bank of America
FILE - In this Feb. 25, 2010 file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. Debate is heating up within the Federal Reserve over how and when to signal that the days of record-low interest rates are numbered. Federal Reserve
European Central Bank president Jean Claude Trichet grimaces during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels. Jean-Claude Trichet
European Union Council President Herman Van Rompuy, right, talks to the media during a joint press conference with Georgia's Prime Minister Nikoloz Gilauri, left, following their meeting at the EU Council building in Brussels, Tuesday March 16, 2010. Herman Van Rompuy
WASHINGTON - FEBRUARY 25: Federal Reserve Board Chairman Ben Bernanke testifies during a hearing before the House Banking Committee February 25, 2010 on Capitol Hill in Washington, DC. Bernanke delivered his semiannual monetary policy report to the congress at the hearing. Ben Bernanke
The Wall Street is seen sign outside the New York Stock Exchange on October 6, 2008 in New York. Wall Street tumbled after the opening bell as fallout from the credit crisis triggered concerns about the economy and the Dow fell below 10,000 for the first time in four years. Wall Street
Greek Prime Minister George Papandreou (L) and Hungarian counterpart Gordon Bajnai (R) give a joint press conference in Munkacsy Hall of the parliament building in Budapest on March 16, 2010. Papandreou is on his one-day working visit to Budapest. George Papandreou
Belkin Appoints Alan Sparks as VP of Asia. Asia
Governor of the Bank of England Mervyn King rides a dog sled on the outskirts of northern community of Iqaluit, Nunavut, Canada Friday, Feb. 5, 2010. Iqaluit is the site of the G7 Finance Ministers meeting. Bank of England

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European Central Bank president Jean Claude Trichet grimaces during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet grimaces during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

AFP 

European Central Bank president Jean Claude Trichet reads a newspaper during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet reads a newspaper during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

AFP 

European Central Bank president Jean Claude Trichet reads a newspaper during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet reads a newspaper during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

AFP 

European Central Bank president Jean Claude Trichet grimaces during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet grimaces during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

AFP 

European Central Bank president Jean Claude Trichet (L) Greek Finance Minister Giorgios Papaconstantinou (C) and EU commissioner for Economic and Monetary Affairs Olli Rehn (R) talk prior to an Eurogroup council on March 15, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet (L) Greek Finance Minister Giorgios Papaconstantinou (C) and EU commissioner for Economic and Monetary Affairs Olli Rehn (R) talk prior to an Eurogroup council on March 15, 2010 at the EU headquarters in Brussels.

AFP 

European Central Bank president Jean Claude Trichet (R) and Greek Finance Minister Giorgios Papaconstantinou (L) talk prior to an Eurogroup council on March 15, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet (R) and Greek Finance Minister Giorgios Papaconstantinou (L) talk prior to an Eurogroup council on March 15, 2010 at the EU headquarters in Brussels.

AFP 

European Central Bank President Jean Claude Trichet, left, shakes hands with European Council President Herman Van Rompuy at the start of a Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers meet to check whether Greece's austerity program goes far enough to reduce its massive deficit, amid talk that they are preparing a rescue package for the country if it can't borrow from wary bond markets.

CloseCaption
European Central Bank President Jean Claude Trichet, left, shakes hands with European Council President Herman Van Rompuy at the start of a Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers meet to check whether Greece's austerity program goes far enough to reduce its massive deficit, amid talk that they are preparing a rescue package for the country if it can't borrow from wary bond markets.

AP 

European Central Bank President Jean-Claude Trichet closes his eyes as photographers and cameramen surround him a the start of a Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers meet to check whether Greece's austerity program goes far enough to reduce its massive deficit, amid talk that they are preparing a rescue package for the country if it can't borrow from wary bond markets.

CloseCaption
European Central Bank President Jean-Claude Trichet closes his eyes as photographers and cameramen surround him a the start of a Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers meet to check whether Greece's austerity program goes far enough to reduce its massive deficit, amid talk that they are preparing a rescue package for the country if it can't borrow from wary bond markets.

AP 

Luxembourg Prime Minister and Eurogroup president Jean-Claude Juncker (R) European Central Bank president Jean Claude Trichet (C) and Greek Finance Minister Giorgios Papaconstantinou (L) arrive prior to an Eurogroup council on March 15,2010 at the EU headquarters in Brussels.

CloseCaption
Luxembourg Prime Minister and Eurogroup president Jean-Claude Juncker (R) European Central Bank president Jean Claude Trichet (C) and Greek Finance Minister Giorgios Papaconstantinou (L) arrive prior to an Eurogroup council on March 15,2010 at the EU headquarters in Brussels.

AFP 

Luxembourg Prime Minister and Eurogroup president Jean-Claude Juncker (R) and European Central Bank president Jean Claude Trichet arrive prior to an Eurogroup council meeting on March 15, 2010 at the EU headquarters in Brussels.

CloseCaption
Luxembourg Prime Minister and Eurogroup president Jean-Claude Juncker (R) and European Central Bank president Jean Claude Trichet arrive prior to an Eurogroup council meeting on March 15, 2010 at the EU headquarters in Brussels.

AFP 

Greek Finance Minister Giorgos Papakonstantinou, right, walks behind Luxembourg's Prime Minister and Chairman of the Eurogroup Jean Claude Juncker, center, and the President of the European Central Bank Jean-Claude Trichet as they arrive for a Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers meet to check whether Greece's austerity program goes far enough to reduce its massive deficit, amid talk that they are preparing a rescue package for the country if it can't borrow from wary bond markets.

CloseCaption
Greek Finance Minister Giorgos Papakonstantinou, right, walks behind Luxembourg's Prime Minister and Chairman of the Eurogroup Jean Claude Juncker, center, and the President of the European Central Bank Jean-Claude Trichet as they arrive for a Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers meet to check whether Greece's austerity program goes far enough to reduce its massive deficit, amid talk that they are preparing a rescue package for the country if it can't borrow from wary bond markets.

AP 

Greek Finance Minister Giorgos Papakonstantinou, right, ween with the President of the European Central Bank Jean-Claude Trichet, at the start of a Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers met to check whether Greece's austerity program goes far enough to reduce its massive deficit, amid talk that they are preparing a rescue package for the country if it can't borrow from wary bond markets.

CloseCaption
Greek Finance Minister Giorgos Papakonstantinou, right, ween with the President of the European Central Bank Jean-Claude Trichet, at the start of a Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers met to check whether Greece's austerity program goes far enough to reduce its massive deficit, amid talk that they are preparing a rescue package for the country if it can't borrow from wary bond markets.

AP 

European Central Bank president Jean Claude Trichet sets up prior to an Eurogroup council on March 15, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet sets up prior to an Eurogroup council on March 15, 2010 at the EU headquarters in Brussels.

AFP 

European Central Bank president Jean Claude Trichet (L) EU commissioner for Economic and Monetary Affairs Olli Rehn (R) talk prior to an Eurogroup council on March 15,2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet (L) EU commissioner for Economic and Monetary Affairs Olli Rehn (R) talk prior to an Eurogroup council on March 15,2010 at the EU headquarters in Brussels.

AFP 

European Central Bank president Jean Claude Trichet (L) and Greek Finance Minister Giorgios Papaconstantinou talk prior to an Eurogroup council on March 15, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet (L) and Greek Finance Minister Giorgios Papaconstantinou talk prior to an Eurogroup council on March 15, 2010 at the EU headquarters in Brussels.

AFP 

European Central Bank President Jean-Claude Trichet, arrives at the Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers are meeting to check whether Greece's austerity program goes far enough to reduce its massive deficit, amid talk that they are preparing a rescue package for the country if it can't borrow from wary bond markets.

CloseCaption
European Central Bank President Jean-Claude Trichet, arrives at the Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers are meeting to check whether Greece's austerity program goes far enough to reduce its massive deficit, amid talk that they are preparing a rescue package for the country if it can't borrow from wary bond markets.

AP 

European Central Bank President Jean-Claude Trichet, arrives at a Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers meet to check whether Greece's austerity program goes far enough to reduce its massive deficit, amid talk that they are preparing a rescue package for the country if it cannot borrow from wary bond markets.

CloseCaption
European Central Bank President Jean-Claude Trichet, arrives at a Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers meet to check whether Greece's austerity program goes far enough to reduce its massive deficit, amid talk that they are preparing a rescue package for the country if it cannot borrow from wary bond markets.

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 

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 

Launch Gallery0 of 0

"We have said we are not asking for a bailout or for money"


George Papandreou Mar 16 2010 2:16 PM from International Business Times

"We have a situation which is much better than one month ago"


Anders Borg Mar 16 2010 1:12 PM from Town Hall

"It could be guarantees, or loans, we will see ... It will be on a voluntary basis."


Didier Reynders Mar 16 2010 11:39 AM from Financial Post

"In case of need, and we still don't think it will be necessary, an agreement can be reached in the euro area for coordinated action by the governments and the European Commission, and bilateral aid could be granted in this way"


Jean-Claude Juncker Mar 16 2010 10:32 AM from eTaiwan News

"The mechanism will not include loan guarantees"


Jean-Claude Juncker Mar 16 2010 9:02 AM from Dealbook

"What will happen if necessary, and we’re still convinced it won’t be necessary, is that we’ll reach an agreement in the euro zone to offer bilateral aid in a coordinated form"


Jean-Claude Juncker Mar 16 2010 7:37 AM from Business Week

"We think the question [of aid for Greece] will not arise"


Jean-Claude Juncker Mar 16 2010 7:08 AM from EurActive.com

"We have been very clear that Greece won’t be isolated or left alone. If the emergency came up concerning Greece, Greece will be helped by the Eurozone"


Jean-Claude Juncker Mar 16 2010 5:19 AM from FinFacts

"The message to the market is not that Greece will be supported, in any case Greece would be supported if this would be needed ... We don’t think that this will be needed, but we have to take a decision on the instrument."


Jean-Claude Juncker Mar 16 2010 5:19 AM from FinFacts

"There are still a number of technical questions that need to be addressed. This will happen in the next few weeks ... It’s very important for me to stress that we have not adopted this instrument because this will be a matter for..."


Jean-Claude Juncker Mar 16 2010 12:17 AM from Business Week
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European Central Bank president Jean Claude Trichet grimaces during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet grimaces during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

AFP 

European Central Bank president Jean Claude Trichet reads a newspaper during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet reads a newspaper during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

AFP 

European Central Bank president Jean Claude Trichet reads a newspaper during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet reads a newspaper during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

AFP 

European Central Bank president Jean Claude Trichet grimaces during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet grimaces during a coffee break prior to the second session of the ECOFIN council on March 16, 2010 at the EU headquarters in Brussels.

AFP 

European Central Bank president Jean Claude Trichet (L) Greek Finance Minister Giorgios Papaconstantinou (C) and EU commissioner for Economic and Monetary Affairs Olli Rehn (R) talk prior to an Eurogroup council on March 15, 2010 at the EU headquarters in Brussels.

CloseCaption
European Central Bank president Jean Claude Trichet (L) Greek Finance Minister Giorgios Papaconstantinou (C) and EU commissioner for Economic and Monetary Affairs Olli Rehn (R) talk prior to an Eurogroup council on March 15, 2010 at the EU headquarters in Brussels.

AFP 

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