French Prime Minister Manuel Valls has asked the European Central Bank to devalue the Euro in order to deal with the deflation risk in the European Union. ECB President Mario Draghi has given strong signals during the monetary policy announced in June.
The next course of action will be...read more
The euro has fallen to one year low against the dollar. Euro zone government bond yields fell on Tuesday, increasing chances for the European Central Bank to ease monetary policy.
Last week, chief of Mario Draghi European Central Bank (ECB), had said that he was prepared to utilize the...read more
European Central Bank President Mario Draghi said euro-area economy has lost the strength and needs more stimulus. He said German business confidence saw a decline for the fourth consecutive month.
The IFO institute's business climate index came down to 106.3 in August from 108 in July....read more
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