Executive Board Member of the European Central Bank (ECB), Joerg Asmussen said yesterday that he would quit his job as an executive board member  to accept a Deputy Labour Ministry job in the new German government for “purely private family reasons”. (Photograph: REUTERS/Ralph Orlowski)

Joerg Asmussen is to leave the European Central Bank’s Executive Board for a government position, depriving President Mario Draghi of a key German all(...)

European Central Bank president Mario Draghi, Minister for Finance Michael Noonan, France’s finance minister Pierre Moscovici and European Union Economic and Monetary Affairs Commissioner Olli Rehn attend an eurozone finance ministers meeting in Brussels. Photograph: Francois Lenoir/Reuters

European Union finance ministers struggled to advance a bank-failure plan for the euro area today, hampered by the interregnum in Berlin and persiste(...)

German chancellor Angela Merkel and European Commission President José Manuel Barroso attend a news conference at the end of an international summit on youth unemployment  at the Élysée Palace in Paris on Tuesday. Photograph: Reuters/Philippe Wojazer

Minister for Finance Michael Noonan travels to Brussels today to meet his euro zone counterparts, ahead of tomorrow’s meeting of all 28 European finan(...)

Daniele Nouy has worked at the Bank of France since 1974, was elected in 2006 as president of the Committee of European Banking Supervisors -- the predecessor of the European Banking Authority -- and is currently the secretary-general of the French Prudential Control Supervisory Authority. Photographer: Mark H. Milstein/ Bloomberg News.

Last-minute resumes sent to Mario Draghi for the European Central Bank’s new financial supervisor job are unlikely to feature many men. Ten months aft(...)

Executive board member of the European Central Bank (ECB), Jörg Asmussen said Ireland’s bailout has been a “clear success story.” Photograph: Ralph Orlowski/Reuters

ECB executive board member Jorg Asmussen has said there are “pending risks” for Ireland as it prepares to exit the EU-IMF bailout programme. Speaking (...)

European Central Bank  executive board member Joerg Asmussen (right) addresses reporters with  Greece’s finance minister Yannis Stournaras  in Athens yesterday.  Photograph:  Reuters

The European Central Bank was checking up on how well Greece is meeting its international bailout obligations yesterday, a day after Germany’s finance(...)

The European Central Bank was checking up on how well Greece is meeting its international bailout obligations today, a day after Germany’s finance min(...)

Germany’s  Bundesbank president and ECB policymaker Jens Weidmann said the ECB was not tied to keeping rates at record low levels. Photograph: Kai Pfaffenbach/Reuters.

The European Central Bank has not “tied itself to the mast” with its use of forward guidance on low interest rates, and could raise them if inflation(...)