Alessio Terzi is an economist at the Bruegel Institute, a Brussels-based economic think tank. DW talked to him about the potential impact of the ECB's decision to cut interest rates and expand its bond-buying program.
The European Central Bank wants to end its €2.4 trillion bond-buying program at the end of 2018, calling time on a policy that is credited with reviving the eurozone but may come too soon for some debt-laden countries.
A Latvian bank is accused of funneling billions to North Korea while the country's top bank official is alleged to have taken bribes. However, European Central Bank authorities raised no alarms. Teri Schultz reports.
The idea that the European Central Bank would become so big and powerful was something that its founders did not expect 20 years ago. In fact it has become more powerful the more the monetary union has been threatened.
ECB governors have signalled greater confidence in the eurozone economy following a meeting of the central bank's rate-setting council. Policymakers dropped language of boosting the ECB's massive bond-buying program.
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