VW reaches deal with US government - ECB policy seen as less than stimulating - German savers bemoan low interest rates - German beer purity law turns 500
Economist Steve Keen specializes in researching how private and public debt mountains arise and generate financial crises. In an interview with DW, he explains how the ECB could solve the problem — but probably won't.
ECB chief Mario Draghi is expected to highlight the euro area's strengthening economy while underlining the need for caution as the bank inches toward ending its stimulus. But interest rates will not rise anytime soon.
The European Central Bank (ECB) has indicated it won't cut interest rates any further as the eurozone economy is improving. But it will continue to pump more stimulus into the bloc amid subdued inflation.
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