It's been 10 years since the financial crisis reached Europe - when the interbank lending rate jumped up and French lender BNP Paribas froze three of their funds that were invested in US sub-prime mortgages.
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.
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.
A decade ago, the subprime crisis began in the US, which a year later became a global financial crisis with the failure of Lehman Brothers. DW explores what politicians and the financial world have learned.
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