ECB launches review to redefine its mission
Christine Lagarde

ECB launches review to redefine its mission

Monetary policy put on hold, bond buying to continue on monthly basis

The European Central Bank launched last Thursday a broad review of its policy that will likely end with new President Christine Lagarde redefining the bank's main goals, news wires reported. “The Governing Council decided to launch a review of the ECB's monetary policy strategy,” the bank said in a statement. The review was due after the bank has fallen short of its inflation target for years despite increasingly aggressive stimulus measures under Mario Draghi.

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  • ECB launches review to redefine its mission

    ECB launches review to redefine its mission

    The European Central Bank launched last Thursday a broad review of its policy that will likely end with new President Christine Lagarde redefining the bank's main goals, news wires reported. “The Governing Council decided to launch a review of the ECB's monetary policy strategy,” the bank said in a statement. The review was due after the bank has fallen short of its inflation target for years despite increasingly aggressive stimulus measures under Mario Draghi.

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  • Tension with Turkey over off Cyprus drilling rises

    Tension with Turkey over off Cyprus drilling rises

    The EU once again urged Turkey last week to drop plans to drill for oil and gas around Cyprus and the eastern Mediterranean, saying such exploration was illegal, news wires reported. “Concrete steps towards creating an environment conducive to dialogue in good faith are needed,” EU foreign policy spokesman Peter Stano said in a statement. “The intention by Turkey to launch further exploration and drilling activities in the region goes, regrettably, in the opposite direction.”

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  • Shaping the Conference on the Future of Europe

    Shaping the Conference on the Future of Europe

    In attempt to further spur the already lively debate around the Conference on the Future of Europe, the Commission set out onTuesday its ideas how the conference should be held in the next years, the EU press service reported. The EC stated in the communication that the conference should be launched on Europe Day, 9 May, and run for two years. The project was announced by EC President Ursula von der Leyen in order to give Europeans a greater say on what the EU does and how it works for them.

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  • Boyan Rashev: Climate-neutrality by 2050 is not an achievable goal

    Boyan Rashev: Climate-neutrality by 2050 is not an achievable goal

    Currently, the EU is at 20% emission reduction - achieved within 30 years. However, this includes the collapse of industry in Eastern Europe. Most coal-fired power generation in Western Europe is closed, the low-hanging fruits of energy efficiency are already taken. But there is no way to decrease CO2 emissions by additional 30% within 10 years only, says Boyan Rashev, environmental management expert and a Managing Partner at Denkstatt.

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  • From Davos Trump threatens again EU with high tariffs on cars

    From Davos Trump threatens again EU with high tariffs on cars

    The United States will impose painful tariffs on imports from the EU unless the block agrees to a trade deal, US President Donald Trump warned on Wednesday, news wires reported. "Europe has been very, very tough to deal with," Trump told US broadcaster CNBC at the World Economic Forum summit in Davos, one day after meeting European Commission President Ursula von der Leyen there.

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