EU finance ministers have given the green light to create a centralized banking supervisor for the eurozone, run by the European Central Bank.
The European Central Bank remains on track to pull the plug on its massive stimulus program for the eurozone, despite an uncertain global trade outlook and signs of slowing growth in the 19-member bloc.
With diplomatic tensions high, the Turkish lira has hit yet another all-time low against the US dollar, impacting more than just the Mediterranean country itself. But will the spillover into the eurozone bring a bang?
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.
Central bankers around the world are puzzled by the lack of inflationary pressures despite decent economic growth. Some of them are now blaming the so-called Amazon effect for the phenomenon.
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