Banking

8:18am

Thu September 6, 2012
Planet Money

Draghi: Do Exactly As We Say, And We'll Hand Over The Money

Originally published on Thu September 6, 2012 3:15 pm

Daniel Roland AFP/Getty Images

Are you a eurozone country? Are you having a hard time borrowing money at a reasonable rate? Mario Draghi has a deal for you.

First, you have to admit you have a problem. You have to ask for help from the European Union and the International Monetary Fund. Then you have to do whatever they say.

Not appealing, I know.

But here's the good part: If you do those things, the European Central Bank will make sure you can keep borrowing money at low, low interest rates.

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8:17am

Thu September 6, 2012
Europe

European Central Bank Announces Euro Plan

Originally published on Thu September 6, 2012 10:02 am

Transcript

RENEE MONTAGNE, HOST:

OK, over in Europe there's been a lot debate on what to do about the troubled currency. And today the European Central Bank announced a new plan to bolster the euro at a meeting in Frankfurt. Bank president Mario Draghi is under immense pressure to prevent the collapse of Europe's monetary union. The bank did not lower interest rates, as some investors hoped, but did unveil steps to ease the eurozone's debt crisis. NPR's Jim Zarroli is in Germany, following the events, and he joins us now. Good morning.

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6:05am

Thu September 6, 2012
The Two-Way

European Central Bank Leaves Interest Rates Unchanged

Originally published on Thu September 6, 2012 7:20 am

"The European Central Bank refrained from cutting interest rates today as President Mario Draghi prepares to unveil a bond-purchase plan to save the euro," Bloomberg News writes. It adds that:

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3:24am

Thu September 6, 2012
Economy

European Central Bank To Meet On Interest Rates

Originally published on Thu September 6, 2012 8:17 am

Transcript

RENEE MONTAGNE, HOST:

When the European Central Bank holds its monthly meeting today, investors around the world will be watching nervously to see what the bank's head, Mario Draghi, says about interest rates. Draghi was recently quoted as saying he would do whatever it takes to keep Europe's debt crisis from growing out of control, and that could go beyond just cutting borrowing rates.

As NPR's Jim Zarroli reports, any European Central Bank plan to use its resources to prop up Europe's weaker economies will face strong opposition from the Germans.

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3:56am

Thu August 30, 2012
Business

Mortgage Settlement Overseer issues Report

Originally published on Thu August 30, 2012 5:42 am

Transcript

STEVE INSKEEP, HOST:

Let's follow up on another story. Earlier this year, five big banks settled the so-called robo-signing case, admitting they rushed the foreclosure processes for thousands of homeowners. Now, those banks are working to forgive and modify $20 billion worth of home loans.

As NPR's Yuki Noguchi reports, yesterday was the first chance to look at how banks are handling this part of the settlement.

YUKI NOGUCHI, BYLINE: Joseph Smith's first full report wasn't due until November, but he was eager to keep the issue top of mind.

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