know move in frankfurt the european central bank has left its benchmark financing rate at a historic low of zero percent that s despite policymakers demanding the bank s president mario draghi increase rates to match an ongoing recovery in the euro zone economy. europe s biggest economy germany is set to grow around two and a half percent next year according to leading economists the euro area as a whole is also up but that s just not enough for now you know druggy he is once again defying critics once again he s holding rates low and continuing the asset purchasing program that s because while druggy credits the e.c.b. with keeping the eurozone on the right economic course there s still plenty of work to be done. our monetary policy decisions have preserved the very favorable for announcing conditions that are still needed for seeing the return of inflation
central bank warns that the euro is not out of the woods just yet if i came to you as a customer and i would ask you for a risk assessment for euro zone economies what would that be like i would say that the euro zone economy is probably in better shape and the japanese the british the u.s. economy among the major regions in the developed world the euro zone are actually looks best it s on the right track we still have significant unemployment but it s falling fast we still have some banking issues in italy but even there non-performing loans are finally being tackled and declining we have pretty strong growth now in the entire area from greece to ireland so we are making a lot of progress as what makes the eurozone economies better than the japanese for example or the others that you mentioned to some extent actually because we had the euro crisis we in the euro zone were forced to tackle of
energy stocks are falling a lower oil prices and comments from the head of the european central bank signaling it is waiting until next year to add stimulus to the euro zone economy. the good news, check this out, this gas station in oklahoma city selling gas for $1.99. the first station in the nation to sell gas under $2 in more than four years and is igniting a price war in oklahoma. a fishnet had it for $1.98. which station, which cities, what is next. keep your eye on st. louis, houston and charleston. now, aaa says gas prices today nationally $2.73, down $0.53 in the past year. real money in your pocket but oil prices have to drop another $25 per barrel for the national gas price to go below $2 like it has in oklahoma city. heather: it is trending in the
if n. greece and spain over 20%. that what is in store for america? a euro future? ashley took an up close look. reporter: this is the face of the troubled euro zone economy today protests over crippling recessions and high jobless rates. despair is leading to anger and even violence. society built on entitlements of falling apart strapped governments like spain are being forced to pull the plug on overly generous benefits. unemployment rate abounds 25 percent the spanish government is trying to reform the very restrictive labor laws here to make it hard to hire and fire. these union workers they are not very happy about it. the spanish government says it has to happen but so to the businesses in spain. here at a real estate listing
if n. greece and spain over 20%. that what is in store for america? a euro future? ashley took an up close look. reporter: this is the face of the troubled euro zone economy today protests over crippling recessions and high jobless rates. despair is leading to anger and even violence. society has built an entitlement falling apart. financially strapped governments like spain are being forced to pull the plug on overly generous benefits. with unemployment rate around 25% the spanish government is trying to reform the restrictive labor laws here to make it hard to hire and fire. these union workers, well, they are not very happy about it but the spanish government says it has to happen and so do the businesses in spain. here at a real estate listing website based in madrid, business has been challenging.