The risk of a sovereign default in Greece has increased after the anti-austerity Syriza party won Sunday's snap elections, analysts say, noting that anxiety over the possibility that Greece will exit the euro zone will keep global markets nervous.
The EU financial sector does not need to be eased, there is plenty of liquidity in the banks.
The UK’s economic recovery lost steam at the close of 2014, official figures are expected to confirm this week.
Eurozone officials have spent the last four years building a financial buffer big enough to cope with a Greek exit.
If Mario Draghi wants to have a significant market impact after Thursday's ECB meeting, he better not think small.
Clutching a lunchtime orange juice and sandwich in Zurich’s central station, nurse Nelly Studer captured the fears gnawing at Switzerland since the drama in the foreign exchange markets last Thursday when the Swiss franc jumped 30% in value against the euro.
The global jobs market will continue to deteriorate in the coming years,, while rising income inequality and high youth unemployment will stoke more social unrest, a new report warns today.
The UK economy is a clear winner from the collapse in oil prices, which has delivered a “shot in the spending arm” for consumers, according to a leading economic forecaster.
So it was an apology of sorts, but with a sting in the tail: Bank of England policymakers don’t like to say sorry. It was in this vein that Ian McCafferty – a former chief economist for the CBI, who joined the Bank’s nine-strong monetary policy committee (MPC) in the autumn of 2012 – said he had twice made the mistake of calling for higher interest rates.
Greece has come a step closer to unlocking more international support for its debt-ravaged economy after talks with its eurozone neighbours.
A top Bank of England policymaker has floated the possibility of interest rates being cut below zero, meaning companies would pay to deposit their money with banks.