FRANKFURT, Germany (AP) – The European Central Bank is set for another large interest rate increase to fight painfully high inflation even after the U.S. Federal Reserve slowed its pace, a divergence that underlines Europe’s later start and could speed the euro’s rebound from recent lows against the dollar.
A German Member of the European Parliament (MEP) has suggested that the founders of BioNTech, which developed the Pfizer vaccine, should be put on Euro currency banknotes.
Vice President of the European Commission Jyrki Katainen has said demanded Poland hand over more money to the EU and said it should adopt the euro single currency.
Five Star Movement founder and comedian Beppe Grillo has backed a referendum on the euro currency in Italy, saying that Italians need a “Plan B” if the economy deteriorates.
FRANKFURT, Germany (AP) – Germany’s finance minister is urging bolder steps to strengthen the euro currency union by setting up a fund to help countries hard hit by unemployment and by laying the foundations of an EU-wide tax system.
