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.
Prices in Germany rose faster than expected in November, strengthening the case of the European Central Bank, which has argued that its economic stimulus will eventually lead to more growth and higher inflation.
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.
Mario Centeno has been elected as the new Eurogroup president, with the finance ministers praising him for his balancing act between growth and budget discipline that earned him a comparison with football star Ronaldo.
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.
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