The European Central Bank said Thursday it is staying on course to wrap up its 2.5 trillion euro ($2.85 trillion) stimulus program at the end of the year, even as risks from trade protectionism, Italian populist policies, and Brexit loom ever larger.
The European Central Bank is expected to ratchet back its stimulus efforts again on Thursday as it gingerly phases out extraordinary support for the economy left over from the Great Recession and the euro currency union’s debt crisis.
Italy’s political turmoil has roiled global financial markets this week and raised questions about the country’s future as a member of Europe’s shared currency, the euro.
Italy’s political turmoil is sending a wave of concern through Europe’s 19-country currency union as tremors are felt in financial markets.
When will the European Central Bank join the U.S. Federal Reserve and start raising interest rates?
Europe’s economy is on a roll — raising the question of exactly when the European Central Bank will end its extraordinary stimulus efforts.
New regulations to protect investors, improve market transparency and honesty and prevent another financial crisis went into effect on Wednesday in Europe.
Two people have died from fireworks injuries during New Year celebrations in Germany but the country avoided a repeat of the mass groping in Cologne in 2016 amid heightened security and efforts to protect women from sexual harassment.
German automakers stressed their low-emission credentials at the Frankfurt auto show this week, displaying a range of battery-powered cars.