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 Euro is up and so is trading in Milan with Italian banks leading the pack... all following the news that a Eurosceptic will not after all become finance minister of Italy. The prospect of an anti-euro government in charge of Europe's third-largest economy sent shivers across European stock markets last week.
Should everyone be liable for the debts of individuals in the future? No, say German economists who warn that the European Monetary Union should not be a "union of liabilities". 154 scientists have signed the letter, which was published in a newspaper on Tuesday.