Mario Draghi has been fueling expectations the European Central Bank will take action to support the euro area’s recovery. The question is what exactly might it do? The markets are betting on an interest rate cut and a bond-buying programme to be announced at the June policy meeting.
Meanwhile the eurozone’s move towards a Banking Union is changing the ECB’s role. Taking over as the region’s single supervisor, it plans to charge lenders annual fees, with some of that money to be spent on some pretty well paid watchdogs.
The ECB and the European Commission are the targets for Cyprus bank depositors who are going to court over the so-called haircuts imposed on their savings last year.
Also in this edition of Business Weekly, the updated figures on US economic growth made gloomy reading, but that was down to the weather, and we check out Google’s new electric car that does the driving for you.
Click on the video to watch.