The Atlanta Fed's macroblog provides commentary on economic topics including monetary policy, macroeconomic developments, financial issues and Southeast regional trends.
- BLS Handbook of Methods
- Bureau of Economic Analysis
- Bureau of Labor Statistics
- Congressional Budget Office
- Economic Data - FRED® II, St. Louis Fed
- Office of Management and Budget
- Statistics: Releases and Historical Data, Board of Governors
- U.S. Census Bureau Economic Programs
- White House Economic Statistics Briefing Room
November 09, 2005
The ECB Says Enough With The Deficits
Yesterday's story was about the European finance ministers offering some advice to the European Central Bank. Today it looks like the ECB has in store some advice of its own -- and is willing to back it up with the power of its portfolio decisions. From the Financial Times:
The European Central Bank will sharply step up pressure on Italy, Greece and other eurozone fiscal laggards by warning that it will refuse to accept their sovereign debt as collateral if their credit ratings slip.
In an attempt by the ECB to warn European governments about the consequences of overspending, the bank is to state that it will only accept bonds with at least a single A- rating from one or more of the main rating agencies as collateral in its financial market activities, European Union financial policy-makers said. A refusal by the ECB to accept a government's bonds would amount to a humiliating swipe at that government's policies, and make its bonds harder to sell. So far, no eurozone government bond has been excluded, but the ECB's existing list of eligible collateral does not include assets rated below A-.
So far, the ECB has "refused to comment on its plans."
TrackBack URL for this entry:
Listed below are links to blogs that reference The ECB Says Enough With The Deficits:
- Are Shifts in Industry Composition Holding Back Wage Growth?
- Are Oil Prices "Passing Through"?
- Business as Usual?
- What's (Not) Up with Wage Growth?
- Are We Becoming a Part-Time Economy?
- Contrasting the Financing Needs of Different Types of Firms: Evidence From a New Small Business Survey
- Gauging Inflation Expectations with Surveys, Part 3: Do Firms Know What They Don’t Know?
- Gauging Inflation Expectations with Surveys, Part 2: The Question You Ask MattersA Lot
- Gauging Inflation Expectations with Surveys, Part 1: The Perspective of Firms
- Chances of Finding Full-Time Employment Have Improved
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- Business Cycles
- Business Inflation Expectations
- Capital and Investment
- Capital Markets
- Data Releases
- Economic conditions
- Economic Growth and Development
- Exchange Rates and the Dollar
- Fed Funds Futures
- Federal Debt and Deficits
- Federal Reserve and Monetary Policy
- Financial System
- Fiscal Policy
- Health Care
- Inflation Expectations
- Interest Rates
- Labor Markets
- Latin America/South America
- Monetary Policy
- Money Markets
- Real Estate
- Saving, Capital, and Investment
- Small Business
- Social Security
- This, That, and the Other
- Trade Deficit