Governor, Austrian National Bank Ewald Nowotny of Austria

From 1999 to 2003, Professor Nowotny was vice president of the European Investment Bank in Luxembourg.

Nowotny is the German spelling of the common Czech surname Novotny, also widespread in Austria and Germany.

Published: November 21 2008 17:07 | Last updated: November 21 2008 17:07Ewald Nowotny is the first Social Democrat ever to head the Oesterreichische Nationalbank since the Austrian central bank was created 85 years ago.

Nowotny is a long-standing economic adviser to the Social Democrats, a former head of the European Investment Bank and hes currently vice-rector of the Vienna University of Economics and Business Administration.

VIENNA, Jan 2 (Reuters) - Austria's economy will contract in 2009 but this will not be a catastrophe, European Central Bank Governing Council member Ewald Nowotny said in comments broadcast on Austrian radio on Friday.

var RTR_ArticleBlurb = "By Ilona Wissenbach and Marcin Grajewski BRUSSELS (Reuters) - The euro zone economy is already in recession and European Central Bank staff may well forecast a contraction in 2009 as well, ECB Governing Council member Ewald Nowotny said on.

BRUSSELS (Reuters) - The euro zone economy is already in recession and European Central Bank staff may well forecast a contraction in 2009 as well, ECB Governing Council member Ewald Nowotny said on Thursday.

org+352 43 79 - 83334FocusThe Management CommitteeMr Ewald Nowotny appointed new EIB Vice-PresidentReference:1999-073-EN Date:01/09/1999High ResolutionBy decision of the EIB's Board of Governors with effect from 1 September 1999, Mr Ewald Nowotny has joined the Management Committee of the European Investment Bank.

Austrian, born in Vienna in 1944, Mr Nowotny takes office as successor to Claes de Neergaard, a Swede appointed on 1 September 1995, who leaves the Bank after four years of outstanding service on the Management Committee; in recognition of his contribution, Mr de Neergaard has had the title of Honorary Vice-President conferred upon him by the Board of Governors.

Prior to joining the EIB, Mr Nowotny was a Professor of economics at the University of Vienna as well as a Member of Austria's Parliament since 1978, representing the Social Democratic Party, and from 1985 chairing the Financial Committee; from 1994 to 1999, he also was one of the Austrian delegates at the Parliamentary Assembly of the Western European Union (WEU.

In addition, Mr Nowotny has held the posts of Chairman of the Board of Directors of the Austrian Postal Savings Bank (1973-1978) and of Vice-Chairman of the "sterreichische Nationalkonomische Gesellschaft" (1990-1999.

From 1993 until 31 August 1999, Mr Nowotny was also member of the Supervisory Board of the "Wiener Stdtische Versicherung", Austria's largest insurance group.

VIENNA, Sept 5 (Reuters) - Euro zone inflation is still far too high and there are no concrete signs that it could reach the European Central Bank's goal before 2010, new governing council member Ewald Nowotny said in an interview.

Nowotny said that markets did understand the ECB's message in general, though declined to comment in detail.

Ewald Nowotny was named as the favoured candidate of the ruling Social Democratic party, for which he was a member of parliament between 1978 and 1999.

In 2005 Nowotny was hired to lead BAWAG, Austria's fourth-largest bank, through troubled times, after the bank had lost more than EUR2 billion in speculative deals and become entangled in the collapse of US.

var PageContent= ' Vienna - The economist and banker Ewald Nowotny took office as new Governor of the Austrian national bank on Monday, the bank said in a statement.

FRANKFURT, Dec 30 (Reuters) - There is a lot of uncertainty about the economic outlook and the European Central Bank is prepared to act quickly if needed, Governing Council member Ewald Nowotny was reported on Tuesday as saying.

In the same vein, ECB Governing Council member Ewald Nowotny said although the worst of the financial crisis was now over, the prospect of a long European recession could mean further ECB interest rate cuts.

Nowotny said he did not believe an EU-wide fund to support banks in trouble was a possible way to go, because of the differences in national legal rules and in banking sector structures in the 27-country bloc.

Our idea is that there should be national funds which are acting in a coordinated fashion," Nowotny said in an interview over the phone when asked about proposals of a European Union-wide fund to rescue banks that get into trouble.

Nowotny said he had seen such proposals but declined to say where they were coming from and would not comment on the size of possible funds.

Nowotny said many details of the fund still had to be sorted out, and he had not yet seen a draft that was detailed enough.

7 billion) package to protect its financial sector, central bank governor Ewald Nowotny said on Sunday.

Nowotny said banks that fell below the new capital ratios -- which he did not quantify -- would first have to ask their owners to inject the additional cash needed, and that the government could step in if they did not.

possibly strengthened their capital base,’ Nowotny said in an interview with state TV broadcaster ORF.

Regional Manufacturing Improves to Start the New Year, but Outlook Dour 2 hour ago(CEP News) Frankfurt - European Central Bank Governing Council member Ewald Nowotny said that while rates could fall further, the ECB will need to see how the economy develops.

5 percent may not be the last word, but we will have to see how things develop," Nowotny said at an event in Vienna on Tuesday.

Recent Related Stories European Bond Markets Fall Off Highs Reached on Dovish Trichet Comments 45 minutes ago Morning Market Recap: Stocks Continue Slump, Euro Falls on Rate Cut 2 and a half hours ago Danish Central Bank Cuts Lending Rate 75 bps Following ECB Rate Decision 3 hours ago(CEP News) - Speaking at a meeting in Vienna, Austrian Central Bank President Ewald Nowotny said that the global economic outlook is deteriorating.

Ewald Nowotny, former president of the European Investment Bank, has been named as new chief executive of Bawag, the Austrian bank which made a €350m ($410m) loan to Refco just hours before the now-collapsed US broker announced accounting misstatements.

TOKYO, Nov 26 - Receding worries about inflation have made room for another interest rate cut by the European Central Bank, Governing Council member Ewald Nowotny told Japan's Nikkei newspaper.

Europe is facing major difficulties and the euro zone economy could contract next year due to the impact of the financial turmoil, Nowotny was quoted as saying in the paper's Wednesday morning edition.

On the euro's recent weakening against the dollar, Nowotny said the dollar's current rises were unsustainable and that rapid currency moves should be avoided.

ECB member and Austrian central bank chief, Ewald Nowotny said a similar thing in an interview with Reuters last week.

Vienna - The economist and banker Ewald Nowotny took office as new Governor of the Austrian national bank on Monday, the bank said in a statement.

As the head of the Oesterreichische Nationalbank (OeNB), 64-year-old Nowotny is also a member of the Governing Council of the European Central Bank (ECB), which sets interest rates in countries using the euro.

In the past, Nowotny has criticised the ECB's strict anti-inflation policy, calling on the bank to focus also on economic growth and employment.

may be linked to Refco's collapse.

VIENNA, Austria -- European Central Bank council member Ewald Nowotny said a "tri-polar" global currency system is developing between Asia, Europe, and the United States and that he's skeptical the US.

Oct 19 (Bloomberg) European Central Bank council member Ewald Nowotny said a tri-polar global currency system is developing between Asia, Europe and the US.

What I see is a system where we have more centers of gravity Nowotny said today in an interview with Austrian state broadcaster ORF-TV.

Nowotny said he was skeptical when asked whether the Bretton Woods System of monetary policy, set up after World War II and revised in 1971, could be revived to aid global currency stability.

over Hungary, Nowotny said there is protection in place.

down in the European Union's new eastern member states.

Ewald Nowotny has been named as new chief executive of Bawag, the Austrian bank that made a $410m (€350m) loan to Refco just hours before the now-collapsed US broker announced accounting misstatements.

By Boris Groendahl VIENNA, Nov 21 (Reuters) - Austrian central bank governor Ewald Nowotny said on Friday that some of the terms under which Austria is providing capital injections for its banks, including Erste Group Bank.

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