EU finance ministers have given the green light to create a centralized banking supervisor for the eurozone, run by the European Central Bank.
Italy has said the European Central Bank’s approach to reducing non-performing loans in the EU is problematic. The country's banks have the most bad loans in the bloc and Rome wants a slow reduction.
Despite the European Central Bank's policy of infusing cash into the economies across the euro area, the bloc's inflation rate stays stubbornly lower than recommended by governors. They even predict a fresh slump.
Unemployment in the eurozone remained unchanged in August underlining Europe's steady economic recovery. Youth unemployment nonetheless remains high in many countries.
The head of Germany's biggest private lender wants the European Central Bank's (ECB's) cheap money stimulus to end, warning that he sees price bubbles in stocks, bonds and property.
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