The Latest Breaking News from European Central Bank

ROME — Italy’s political parties are readying for possible snap elections, even as some of them redouble efforts to persuade Prime Minister Mario Draghi to rethink his determination to resign.

Ten years after Mario Draghi's "whatever it takes" pledge saved the euro, Italy is once again in the middle of a debt crisis - but the country's prime minister and former head of the European Central Bank may struggle to solve this one.

The euro is hovering close to parity with the dollar, falling to its lowest level in 20 years and even briefly touching a one-to-one exchange rate with the U.S. currency this week

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

The European Central Bank says its president, Christine Lagarde, was targeted in an attempted cyberattack but no information was compromised

European Union finance ministers on Tuesday formally approved Croatia becoming the 20th member of the euro common currency at the start of 2023, a move hailed as the culmination of an "amazing journey" for a Balkan nation once at war.

The European Central Bank has taken a look at how the continent's banks are accounting for possible losses from climate change

Though economists worry that higher interest rates could push the nation into a recession, the Fed chair pointed to a strong labor market and said most households and businesses have healthy savings.

To address inflation, the Bank of England warns it may need the option of half-point interest rate rises

The head of the European Central Bank says it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected

Many households are living paycheck-to-paycheck