ECB

In the European Union (EU), the European Central Bank (ECB) is the institution that administers the monetary policy of the eurozone member states, giving it great power as a world central bank. Headquartered in Frankfurt, Germany, the ECB was established in 1998 by the Treaty of Amsterdam. As one of its primary tasks, the ECB controls and issues the currency of the EU; the euro. Mario Draghi is the current President of the ECB.


Foreign central banks have been withdrawing their gold from the Fed. According to the Federal Reserve’s most recent update, a whopping 224 tons of gold have been withdrawn from its vaults since the beginning of 2014. (Source: U.S. Federal Reserve,…

The NASDAQ opened higher on Thursday, July 16th, as investors cheered a Greek bailout approval and strong corporate earnings. European stocks climbed and bond yields fell on Thursday after the Greek’s parliament approved a proposed bailout plan. Eurozone stocks rose…

On Monday June 22nd, Greece extended an olive branch to its European creditors by proposing structural reforms to its welfare state. European markets took a dive last week when negotiations stalled over how to best reform Greece’s pensions system. International…

The most important instrument in the European Central Bank’s (ECB) crisis-fighting tool chest has been approved by the EU’s highest court, giving authorities the equipment they need to fight a potential financial crisis in Europe. On Tuesday, June 16th, in…

Negotiations between Greece and its European creditors fell apart on Sunday as delegates came to an impasse over spending cuts. To fund the interest payments on its debt to the International Monetary Fund (IMF), Greece must find a resolution before…

European Central Bank (ECB) President Mario Draghi said on Wednesday, June 3, 2015 in Frankfurt that the bank would maintain a steady policy and outlook through bond market volatility. He also said that the ECB is ready to provide more…

On Tuesday, May 19, the euro fell almost one percent against the U.S. dollar. This was mainly due to a top-ranking executive at the European Central Bank (ECB) signaling that the central bank will increase the pace of its bond…

Look at any newspaper or watch any financial news channel and you will hear someone saying the U.S. economy is growing. To prove their point, they will refer to gross domestic product (GDP) figures and unemployment data. Yes, the GDP…

I’ve been singing the same song to my readers all year: look at dips in the price of gold bullion as an opportunity to buy more of the metal. When gold fell below $1,150-an-ounce in early November and so many…

With nine months behind us this year, today we look at how two popular forms of investment have done in 2014 and where I think they are headed for the remainder of the year. Starting with stocks, the Dow Jones…

In 2012, I predicted that if the Federal Reserve couldn’t get the economy growing again, it would take interest rates into the negative zone. Well, yesterday, the European Central Bank (ECB), the second-biggest central bank in the world, trumped the…

When we asked our readers what they enjoy reading the most on Profit Confidential, less than 10% of them said they like to read about the eurozone. We understand it’s not a topic of interest with the majority of our…