| UPDATED: 21:07, Wed, Mar 17, 2021
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Europe’s economic pain is expected to worsen before it gets better, potentially boosting the popularity of populist leaders and the need for more action from the European Central Bank (ECB), analysts have warned. While the International Monetary Fund upgraded its global growth forecasts at the end of January, it said the outlook for the eurozone had deteriorated. The Fund cut its growth expectations for the region by one percentage point to 4.2 percent this year.
| UPDATED: 13:51, Mon, Mar 15, 2021
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Speaking to Italian daily La Stampa, the former Greek finance minister claimed the bloc s Recovery Fund project will not be sufficient to save the eurozone from its imminent collapse.
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| UPDATED: 09:56, Thu, Mar 11, 2021
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ECB conference: Mario Draghi discusses policy stance Sign up to receive our rundown of the day s top stories direct to your inbox
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The former President of the European Central Bank (ECB), Mario Draghi, was sworn-in as Italy s next Prime Minister in early February. Among his first major tasks are to accelerate the vaccination programme and rescue the economy from its worst recession since World War 2. He also has a major role to play in Europe.
| UPDATED: 16:29, Fri, Feb 26, 2021
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Warren Buffett hopes the US doesn t join the EU in 2011 Sign up to receive our rundown of the day s top stories direct to your inbox
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Europe’s economic pain is expected to worsen before it gets better, potentially boosting the popularity of populist leaders and the need for more action from the European Central Bank (ECB), analysts have warned. While the International Monetary Fund upgraded its global growth forecasts at the end of January, it said the outlook for the eurozone had deteriorated. The Fund cut its growth expectations for the region by one percentage point to 4.2 percent this year.
| UPDATED: 17:46, Tue, Feb 23, 2021
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ECB conference: Mario Draghi discusses policy stance Sign up to receive our rundown of the day s top stories direct to your inbox
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The former President of the European Central Bank, Mario Draghi, has been sworn-in as Italy s next Prime Minister. Mr Draghi, a prominent economist, accepted the top role on February 12 and later that day read out a list of ministerial picks designed to create consensus among political parties. Italy s government crisis was triggered in January when former Prime Minister Matteo Renzi s Italia Viva party withdrew its support from the coalition, amid a row over how to spend the €200bill