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Germany

European stock markets close sharply lower on renewed bank fears

Shares in Germany’s largest lender, Deutsche Bank, fell sharply Friday as fears of a banking crisis developing grow.

Economy

ECB ready to preserve 'as necessary' the eurozone's stability: Lagarde

Christine Lagarde's comments come in the midst of persistent turmoil across Europe's banking sector.

Switzerland

Davos: Global leaders cautiously optimistic about global economy

The World Economic Forum at Davos has ended with a mixture of mild optimism and caution for the global economy.

World News

ECB raises Eurozone interest rates to 2.5%

The European Central Bank (ECB) has raised interest rates again, but by less than its two most recent hikes. The main rate has increased by 0.5 percentage points to 2.5%,

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Economy

Christine Lagarde warns of further ECB interest rate hikes

Christine Lagarde warns ECB may have to raise interest rates beyond merely withdrawing stimulus.

Europe Decoded

Why do central banks raise interest rates to curb inflation?

Banks hope that if borrowing money becomes more expensive, consumer demand will fall, bringing down prices along the way.

Economy

European Central Bank announces new super hike of interest rates

The eurozone's central bank intends to make spending more expensive in order to bring down prices.

Europe News

ECB announces largest interest rate hike in bid to fight inflation

The ECB's three key interest rates were each raised by 75 basis points.

Economy

ECB announces larger-than-expected interest rate hike

The European Central Bank has raised interest rates for the first time in 11 years by a larger-than-expected amount, joining steps already taken by the US Federal Reserve and other major central banks to target stubbornly high inflation.

Economy

Eurozone to get its first interest rate hike in 11 years next month

The European Central Bank will hike interest rates in July in a bid to tame inflation.

Europe News

'Addio amico mio': European leaders pay tribute to David Sassoli

Colleagues of the European Parliament President honour his legacy and praise him as a "committed" and "passionate" politician following his death aged 65.

Economy

Europe faces tough call on stimulus amid omicron fears

The European Central Bank is being pulled two ways: It's caught between a scheduled end of its pandemic stimulus and growing alarm about the new omicron variant of the coronavirus.

Economy

EU and US central banks signal 'not just yet' to interest rate hikes

ECB President Christine Lagarde said an increase to policy rates next year is 'very unlikely'.

Economy

Eurozone inflation hits 13-year high amid persistent energy crunch

Prices across the eurozone rose by 4.1% in October, up from 3.4% in September.

World News

Europe's central bank will allow higher inflation to hit climate goals

The bank said it would do more to take the impact of climate change into its monetary policy, saying that global warming could have “profound implications” for price stability.

Europe News

Europe's recovery must focus on investment, says ECB chief

Christine Lagarde told European lawmakers on Monday that the recovery from the pandemic needs to focus on investment.

Economy

Europe's recovery uncertain amid COVID-19 second wave, says ECB chief

"The second wave of the epidemic in Europe, particularly in France, and the new restrictive measures that accompany it add to [the] uncertainty," said Christine Lagarde, head of the European Central Bank.

Money

A digital euro? ECB assessing safe alternatives to cryptocurrencies

According to the central bank, some 79 per cent of all euro area payments at points of sale are still cash transactions, amounting to more than half of the total value of all payments.

World News

ECB's Lagarde warns coronavirus is fueling economic uncertainty

ECB's Chief Christine Lagarde says the coronavirus "adds a new layer of uncertainty" in an already fragile global economy

My Europe Series

Brexit brinkmanship, new old faces and remembering WW2 in Brussels

For those of you who love to follow the Brexit drama, this week couldn't have been more gripping.Also this week, the hearings with the nominees for the EU top jobs began with arguably the most prominent candidate: Christine Lagarde, the head of the IMF. That's in this edition of State of the Union.