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Eurozone sees “dramatic improvement” in its economic recovery

Addressing the final day of the World Economic Forum, Head of the European Central Bank (ECB), Mario Draghi, said Eurozone had witnessed “dramatic improvement” in its economic recovery over the past two years. He said risks had declined considerably across

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Eurozone jobless rate climbs to record high in October.

The eurozone unemployment rate inched up in October to a record-high 11.7%, compared to 11.6% the previous month, Eurostat, the European Union’s statistics office, said on Friday. That figure marks a new record for the eurozone, while the jobless rate

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IMF warns of instability in the global financial system

In its latest Global Financial Stability Report, published every six months, the International Monetary Fund (IMF) said the global financial risks have increased in the past six months despite the measures taken by the policymakers to make the financial system

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Eurozone Crisis: ECB Unveils Bond Buying Plans

European Central Bank President Mario Draghi has announced that policy makers have agreed to an unlimited bond purchase program as they try to regain control of interest rates in the euro area. The announcement came after the ECB held its

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Eurozone crisis: ECB’s Draghi disappoints markets

European markets have fallen following comments from European Central Bank president, Mario Draghi, stating that the bank would come up with more measures to support the euro “over the coming weeks”. Madrid stocks slumped more than five per cent as

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Eurozone crisis: ECB's Draghi disappoints markets

European markets have fallen following comments from European Central Bank president, Mario Draghi, stating that the bank would come up with more measures to support the euro “over the coming weeks”. Madrid stocks slumped more than five per cent as

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Mario Draghi: ECB ready to act if necessary

The European Central Bank (ECB) is willing to provide support to the Eurozone’s banking system if need be, its president Mario Draghi has said. Mr. Draghi said that while financial authorities are ready to act if necessary, it is on

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Eurozone set-up unsustainable, says Draghi

European Central Bank (ECB) president Mario Draghi says that eurozone leaders must decide what they want the bloc to look like in the future, because the current set-up is “unsustainable”. He said that the ECB could not “fill the vacuum”

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