ECB’s Panetta Says Tariffs Have Damaged the US More Than Others

A senior official from the European Central Bank stated that the US economy has borne the heaviest burden from recent tariffs. Speaking at a financial conference in Venice, he explained that while foreign exporters absorbed an estimated 10% of the cost, the initial impact was largely taken by the profit margins of US firms. Over […]

ECB Revamps Euro Liquidity Offer to Boost Currency’s Appeal

The European Central Bank is prepared to offer euro liquidity to monetary authorities from around the world, an effort to prevent market tensions and increase the global use of the single currency. The Frankfurt-based institution announced it will extend repo lines to nearly all central banks globally, excluding only those for reasons such as money […]