Send to Kindle
European Central Bank President Mario Draghi arrives for a news conference in Frankfurt, Germany, 22 January 2015. Draghi announced a landmark bond-buying programme worth EUR 60B per month. Photo EPA/BGNES
The European Central Bank (ECB) will buy EUR 60B in assets per month from March 2015 until end-September 2016 to stimulate flagging economic growth in Europe, the bank’s President Mario Draghi announced on Thursday.
The package aims to stimulate the economy of the eurozone by fending off deflation. Eurozone inflation turned to negative of minus 0.2% last month, way below the ECB target of just below 2%.
Speaking at a news conference in Frankfurt, Draghi said that the combined monthly purchases of EUR 60B in public and private sector securities “will in any case be conducted until we see a sustained adjustment in the path of inflation."
According to Piroska Nagy, an economist at the European Bank for Reconstruction and Development (EBRD) the ECB bond purchases would “clearly be a positive” for the economies of eastern Europe.
“Monetary easing can have a positive impact on the economies that are linked to the zone conducting this policy,” Bloomberg quoted Nagy as saying.
While most eastern European countries don’t yet use the euro, they stand to gain as the ECB monetary stimulus package encourages cross-border lending and boosts growth in the eurozone, their main trading partner.
Annual inflation across the eurozone eased further in December, slipping below the European Central Bank’s 2 percent benchmark, according to updated data released by Eurostat
Bulgaria will remain a member of the eurozone indefinitely, EU Council sources told Club Z ahead of the country’s first full participation in the Eurogroup.
In December 2025, Bulgaria recorded a monthly inflation rate of 0.1%, while annual inflation reached 5.0%, according to the National Statistical Institute (NSI)
Bulgaria officially marked a symbolic milestone today with the validation of its first postage stamp for 2026, titled “Bulgaria in the Eurozone”.
Bulgaria has now been part of the eurozone for nearly two weeks, with the euro officially replacing the lev as the country’s currency from January 1, 2026
In November 2025, the unemployment rate across the eurozone dropped to 6.3%, marking a seven-month low and edging close to the historic record of 6.2% recorded shortly before the euro’s introduction in January 1999
The European Parliament has voted to refer the EU–Mercosur agreement to the Court of Justice of the European Union, which will now be asked to deliver a formal legal opinion
The European Parliament has suspended its work on legislation linked to the 2025 EU-US Turnberry trade agreement, citing escalating pressure from Washington on Denmark and Greenland, including threats of new tariffs.
The European Union’s landmark free trade agreement with the Mercosur bloc - comprising Argentina, Brazil, Paraguay, and Uruguay - may face delays of up to two years following a vote in the European Parliament to send the deal to the EU Court of Justice fo
Economic expectations among analysts and institutional investors for Germany and the euro area strengthened markedly at the beginning of 2026, pointing to a possible shift in Europe’s economic trajectory this year.
Users across the globe will soon have an alternative to the existing social media channels with the arrival of a new values-driven European company called W.
European Commission President Ursula von der Leyen has sharply criticized US President Donald Trump’s threat to impose new tariffs on European countries opposing his plan to take control of Greenland
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
