The European Central Bank surprised markets on Thursday with fresh measures to boost a flagging eurozone economy threatened with deflation and the risks of an escalating conflict in Ukraine.
Europe's banks were bracing themselves over the weekend for much anticipated cuts in the eurozone's commercial interest rates to boost the currency zone's struggling economy.
When Frankfurt social worker Stefan Mohr needed a new location for the troubled children he works with to express themselves through spray paint and graffiti, it did not take him long to find a potential site.
The head of the European Central Bank has ruled out handing Greece a debt relief lifeline, hours after the head of the eurozone finance ministers admitted that Athens will need additional aid next year.
European Central Bank President Mario Draghi reiterated on Monday his commitment to low interest rates, saying higher rates were not currently warranted.
For the next few weeks and months, Europe's central bankers will be arming themselves for yet another battle with the bond markets.
European stocks may have loved the forward guidance issued by both the European Central Bank (ECB) and the Bank of England (BoE), but some economists have expressed their concern over the move, arguing that it reeks of desperation.
A political crisis in Portugal that has sent the country's bond yields soaring to as high as 8 percent this week puts European Central Bank (ECB) President Mario Draghi back in the hot seat when the central bank meets on Thursday.
As the school year draws to a close, report cards are in for some of the world's most influential central bankers as well. Here's who passed with flying colors and who didn't make the grade.
Cyprus's crisis-hit economy could shrink by 13% in 2013, a government official warned on Thursday, as the head of the European Central Bank insisted the chaotic rescue of the troubled island was not a model for future bailouts.