European Central Bank president Mario Draghi grabbed the spotlight on Thursday, as he announced Europe's latest hope to revive its weak economy: the so-called quantitative easing, or a bond-buying scheme of 60 billion euros a month.
Ahead of an expected announcement by the European Central Bank of a bond-buying programme, on Thursday, Green MEP Molly Scott Cato said that “creating new money is not the solution” to Europe's debt crisis.
Europe took a significant step forward in its ambitions to create a single banking framework for the eurozone on Thursday (12 September) after EU lawmakers granted new powers to the European Central Bank to oversee banks in the currency bloc.
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