Amid a record 4.9 percent surge of annual consumer inflation in 19 European Union last month, the European Central Bank declares plans to scale back its crisis bond-buying, ruling out raising interest rates next year.

Rising inflation across the eurozone will take centre stage as European Central Bank governors meet on Thursday to debate the future of the bank's monetary policy.

European stocks edged lower Thursday in cautious trade ahead of the latest European Central Bank decision.

The decision by US President Donald Trump to ban travel to the US from most EU countries has been criticized by the 27-nation bloc. The European Central Bank has warned that world economies are facing a major shock.

Lagarde leaving the IMF for the ECB is simply tragic for the West’s billions of innocents that unaccountable, unelected central bankers and their ineffective, corrupt cronies have become their political elite.

The European Union (EU) consists of 28 member countries, and perhaps never before has the EU and its foundation been on shakier grounds.

The parliament is expected to ratify a budget bill that is expected to save some $6.5 billion for the country in 2017.

The European Central Bank (ECB) has kept its interest rates at record lows.

An academic says Greece should nationalize its banking system and as long as it remains in the EU, there is no end in sight to its economic depression.

The people of the UK have voted for leaving the European Union (EU). The referendum turnout was 71.8%, with more than 30 million people voting.