French prime minister Manuel Valls at the Socialist Party’s summer school in La Rochelle yesterday. Photograph: Reuters/Stephane Mahe

French prime minister Manuel Valls called for more action from the European Central Bank to lower the value of the euro, amid concerns the 18-nation z(...)

US Federal Reserve chairwoman Janet Yellen with European Central Bank president  Mario Draghi at Jackson Hole, Wyoming. Photograph: Bloomberg/Bradly J Boner

Investors were not listening hard enough to Mario Draghi’s recent speech at Jackson Hole. If they were, they would have heard the sound of gears shift(...)

New ten euro banknotes are shown in Duesseldorf, Germany. Photograph: Bloomberg

With EU leaders meeting in Brussels today, much focus will be on eurozone inflation dropping to a five-year low alongside continued levels of high (...)

The ECB targets an inflation rate at below-but-close to 2 per cent, a level not seen since the first quarter of 2013

Euro zone inflation dropped as expected to a fresh five year low in August, data showed on Friday, but it was not likely to force the European Central(...)

Mario Draghi: until the ECB president’s most recent speech there has been no acknowledgement of the need to run growth at a higher rate or even of the possibility that fiscal austerity can damage growth in the short-term.

Economists often complain that they can’t do laboratory experiments, something which explains why the profession only pretends to be a science. Becaus(...)

French prime minister Manuel Valls: the European Commission said the new French government must speed up its reform plan. Photograph: Benoit Tessier/Reuters

The European Central Bank has stepped up preparations for a new scheme to fight deflation by appointing BlackRock to advise on a possible bond- buy(...)

 Euro zone blue chips recorded their biggest two-day gain in over a year on Tuesday, boosted by the prospect of further stimulus from the European Central Bank. Photo: Bloomberg

Euro zone blue chips recorded their biggest two-day gain in over a year on Tuesday, boosted by the prospect of further stimulus from the European Cent(...)

European policy makers “are doing everything they can to stop recovery taking off, so they should not be surprised if there is in fact no take-off. It is balanced-budget fundamentalism, and it has become religious”.

John Maynard Keynes famously argued that politicians and policy makers are often “slaves to some defunct economist”. I think he was only partially cor(...)

Mario Draghi, president of the European Central Bank: pointed out in the past the difficulties that arise even if his colleagues on the ECB council were swayed by the idea of quantitative easing. Photographer: Martin Leissl/Bloomberg

It was a slow day on the markets yesterday, with little driving share values other than speculation about whether the European Central Bank might at l(...)

For the second time in four months French President François Hollande has reshuffled his Socialist government, this time in response to a cabinet spli(...)