European Central Bank (ECB) president Mario Draghi is expected to hold off on cutting interest rates. Photograph: Francois Lenoir/Reuters

The European Central Bank decided not to take any action at its meeting today because economic and monetary conditions h(...)

Jobseekers queue outside an employment centre in Sintra, Portugal. Photograph: Mario Proenca/Bloomberg

Unemployment has reached a new high in the euro zone and inflation remains well below the European Central Bank’s target, underscoring just how severe(...)