Eurozone business activity highest in four years

Eurozone business activity hit a near four-year high in March as the 19-country currency area’s modest economic activity continued despite concerns over the Greek debt crisis.

Reflating European style: ECB cuts rates to 0.05% as growth evaporates

It’s not quite Quantitative Easing, but Europe’s surprise interest rate cut today is not far from it. Spontaneous comments made at the recent Jackson Hole meeting suggested ECB chief Mario Draghi was ready to implement the kind of asset buying programme that has pulled the US out of its funk. But fear of high inflation … Read more