ECB looking to move Frankfurt headquarters

Article Abstract:

The European Central Bank (ECB) is planning to transfer its headquarters to a location outside of Frankfurt, Germany's banking district by 2006. The ECB has already outgrown its current facility inside Frankfurt's high-rise banking district.

Facilities & equipment, Central banks, Buildings and facilities, European Union. European Central Bank, Frankfurt, Germany

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Despite scarce jobs, Germany discusses higher retirement age

Article Abstract:

Germany is considering increasing the retirement age as a way of dealing with the increasing costs of the nation's aging population, despite unemployment woes.

Europe, Forecasts, trends, outlooks, Unemployment, Evaluation, Economic aspects, Forecasts and trends, Market trend/market analysis, Economic forecasting, Retirement age

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ECB officials split on rate convergence

Article Abstract:

European Central Bank (ECB) officials are split on the timing of interest rate convergence. Wim Duisenberg, president of ECB, said the consensus supports a gradual move than a drastic fall on the last day before the 11-nation euro zone adopts a single currency in about three months. He is concerned about the results of a big interest rate cut in the final days before a one-currency policy becomes effective. Gwyn Hatch, senior European economist at HSBC in London, UK, said the continuing debate regarding the monetary position of ECB reflects that such conflict is not confined to interest rates.

Comment:

EU: European Central Bank officials are split on the timing of interest rate convergence

Commercial Banks, Commercial Banking, Government regulation (cont), Article

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