Constancio

But on the flip side, the euro pared losses after ECB Vice President Vitor Constancio said the bank stands prepared to do what is necessary to control inflation.

Debt Concerns Pressure Euro Andrew J. Johnson 2011

Vitor Constancio, the ECB's vice president, said in Florence last week that there should be no expectation that Mr. Bini Smaghi leave his post when Mr. Draghi takes the ECB's helm.

Italy Tries to Tweak Europe Central Bank Board Christopher Emsden 2011

Reflecting the high level of drama surrounding Greece, the ECB late Friday released an unusual statement clarifying remarks made earlier to reporters by ECB Vice President Vitor Constancio that suggested that the ECB wouldn't necessarily rule out all forms of a Greek maturity extension.

Rift Over Greece Deepens in Europe Patrick McGroarty 2011

"Greece could have a contagion effect," added Vitor Constancio, an ECB vice-president.

Europe warned of financial chaos over Greek debt crisis 2011

At a press conference, ECB vice president Vitor Constancio repeated the ECB's opposition to any restructuring that leads to a "credit event" but kept the door open to purely voluntary decisions by banks to roll over their holdings of Greek bonds.

ECB: Contagion Is Euro Zone's Top Concern Tom Fairless 2011

In a statement that the ECB said "replaces" his earlier comments, Mr. Constancio said, "President Trichet made clear that the ECB's Governing Council excludes all concepts that are not purely voluntary or have any element of compulsion, that entail any credit event or that entail any default or selective default."

Rift Over Greece Deepens in Europe Patrick McGroarty 2011

The ECB's vice president, Vitor Constancio, comes from Portugal—thanks to Ms. Merkel, who backed him for that job partly to reserve the presidency for Mr. Weber.

Italy's Draghi Seeks to Woo the Germans Marcus Walker 2011

Elsewhere, Austrian National Bank Governor Ewald Nowotny said n an interview that restructuring or rescheduling of Greece's debt is "definitely not an element of discussion," while ECB Vice-President Vitor Constancio said in a speech that restructuring "has enormous consequences for a country and would be even worse in advanced economies," because they have deeper and more complex financial markets than emerging economies.

Top European Bank Officials Urge Greece to Persevere on Fiscal Overhauls Geoffrey T. Smith 2011

Three representatives from Southern Europe already sit on the six-member, Frankfurt-based executive board, including vice president Vitor Constancio, from Portugal.

Banker's Exit Rattles Markets Brian Blackstone 2011

We are against any sort of default with haircuts and any form of private-sector event that could lead to a credit event or a rating event, Constancio said.

Europe warned of financial chaos over Greek debt crisis 2011