European Central Bank chief Mario Draghi may think his stimulus policy is the best way to boost eurozone lending and inflation, but in Germany criticism of the ECB’s rock-bottom rates is growing among savers, banks and insurers.
The economic outlook for both the eurozone and the EU as a whole is increasingly upbeat, says the European Commission. Although concerns remain, the crisis of recent years seems to be finally over.
The European Central Bank has announced a cut in its bond-buying economic stimulus program, taking its biggest step yet towards unwinding years of loose monetary policy introduced in the wake of the financial crisis.
There's every indication that the ECB will announce a reduction in the scale of its monthly purchases of government bonds when it meets this Thursday. In truth, it has little choice in the matter.
The EU's central bank has decided to curb its monthly bond purchases by half. But DW's Henrik Böhme deplores that an end to what he believes is a risky zero-interest policy is not yet in sight.
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