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.
There have been plenty of imbalances in Europe's banking system in the past few years. That's why the European Banking Authority was founded one year ago today. It's part of the European Central Bank and monitors banks in the Eurozone to make the European banking world a more secure place.
Eurozone inflation has risen to zero percent and out of negative territory in October. But it's still way off the European Central Bank's two-percent target. If the problem persists, ECB chief Mario Draghi might be encouraged to take more action.