The European Central Bank’s Governing Council has agreed it is comfortable with taking future action to support the eurozone’s economic recovery, but that would only be after its staff projections for growth and inflation are finalised in early June.
Although ECB President Mario Draghi did not provide any details on what exactly it might do, he signalled that if something does change it could happen next month.
One of the eurozone’s most troubled countries – Portugal – has decided to exit its bailout without any safety net. Lisbon feels confident, though it is warning that the end of the bailout does not mean the end of austerity there.
And in this edition of Business Weekly, we also check out Alibaba’s plans for an IPO in the US. The Chinese group didn’t provide any details of the float, but investors got very excited., so we look at why this is such a big deal.