With the progress achieved in the implementation of a Single Supervisory Mechanism (SSM) and the agreement on a future procedure for a Single Resolution Mechanism (SRM) for distressed banks, the EU has taken an important step towards establishing a Banking Union. Spain and Ireland have declared...

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...