The European Commission, newly constituted after the EU elections, has been launching its work for the period of 2014-2019. The bank stress test shows that 25 of the 130 European banks tested are in a problematic situation. One of the five Austrian banks tested does not meet the requirements....

The European Council proposes to the European Parliament that Jean-Claude Juncker become president of the European Commission. Aiming to get the inflation rate in the euro area back to the 2 percent threshold, the ECB introduces, for the first time in its history, negative interest rates for ECB...