The EU’s statistics office Eurostat said consumer inflation in the 19 countries sharing the euro was 0.4 percent month-on-month in December and 1.4 percent year-on-year.
“The ECB’s operational framework for crisis management has some flaws and there are some signs of inefficient implementation,” ECA said.
Bulgaria, which wants to adopt the euro currency, has made genuine progress in bringing its economy closer to those of euro zone countries but has still some work to do.
Benoit Coeure, the man in charge of carrying out the ECB’s bond purchases sees “a reasonable chance” the 2.55 trillion euros stimulus program will not be extended again.
Bundesbank Thiele has ruled out the introduction of official digital money for the euro zone and warned of losses from investments in cryptocurrencies such as bitcoin.
Euro zone consumer confidence rose to 0.5 in December, a flash estimate by the European Commission showed.
According to a survey the business activity across the euro zone accelerated in November as firms struggled to meet booming demand.
EC proposals to deepen integration of the euro zone will seek to make the whole of the EU more united and improve the democratic accountability of euro zone institutions.
Inflation in the 19 countries sharing the euro rose to 1.5% in November from 1.4% a month earlier, data from Eurostat showed.
The European Central Bank should shut the door on its monthly asset purchases next September, according to a majority of economists in a Reuters poll.
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