The ECB is the central bank which monitors the monetary policy of the Eurozone, with the main objective being to maintain price stability.
The ECB's headquarters are in Frankfurt, Germany. The owners and principal shareholders of the European Central Bank, are the central banks not just of the 19 eurozone countries, but of the 28 member states of the EU. Mario Draghi, formerly Italy's central bank head, is the current ECB president. This page is a collection of DW's latest content on the ECB.
The European Central Bank’s monetary policy is making Germans skeptical about savings accounts. As interest rates continue at near zero, the widespread practice of putting money in the bank for a rainy day is striking more and more people as pointless.
The German government wants to ban certain cash transactions. And the European Central Banks wants to get rid of the 500 Euro note. For the sake of hampering money laundering or the financing of terror, some experts have even floated the idea of doing away with cash altoghether.