The European Central Bank has said it will end bond buying as a pandemic crisis support for the economy. But, against some opposition, also will expand another stimulus program.
BERLIN (Reuters) - Germany's chancellor-in-waiting Olaf Scholz could nominate Joachim Nagel, a top official at the Bank for International Settlements,.
The EU on Wednesday launched a new connectivity initiative called the Global Gateway, aiming to mobilize 300 billion euros ($339 billion) in infrastructure outlays by 2027, in another attempt to counter the China-proposed Belt and Road Initiative (BRI).
The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
Deutsche Bundesbank President Jens Weidmann stated on Wednesday that the growth of Germany's economy in 2021 is likely to be "significantly" slower than the federal bank initially predic.