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ECB will take action: Portugal finance minister

Hot Air Balloon

The European Central Bank (ECB) still plans to take action to combat the problem of low and falling inflation despite holding off and disappointing markets over the past few months, Portugal's finance minister told CNBC.

ECB keeps all options open to support recovery

European Union

The European Central Bank on Wednesday left the door open for further ultra-cheap loans to European banks, saying the bank had an array of instruments at its disposal to support the nascent recovery.

Banking union needed 'as soon as possible': Trichet

European Union

Europe must make a decision as soon as possible on setting up a strong central authority to handle failing lenders, a key plank of establishing a successful banking union, former European Central Bank (ECB) president Jean Claude Trichet urged on Thursday.

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