European Central Bank Archives

European Union to Ban Cash Transactions over €10,000

The European Union is introducing new laws that will ban transactions over €10,000 ($10,557) in a major push toward an eventual cashless society. However, the laws also seek to impose stricter controls on cryptocurrency and will track crypto payments above 1,000 euros ($1,055). EU leaders ostensibly claim that the new…

Calls Mount for Criminal Investigation into EU Chief over Shady Pfizer Deal

Calls are mounting for a criminal investigation to be launched into the shady deal between the president of the European Commission Ursula von der Leyen and Pfizer's CEO Albert Bourla. As Slay News reported, it recently emerged that von der Leyen and Bourla secretly cut a massive multi-billion dollar deal…

ECB Raises Interest Rates Further as Inflation Soars in Eurozone

The European Central Bank (ECB) has hiked interest rates again on Thursday by the largest increment since the bank’s founding. The move comes as policymakers in the Eurozone scramble to stem the tide of rising inflation throughout the region. Initially, ECB policymakers were divided between a 50 and a 75…

European Central Bank Chief Blames ‘Climate Change’ for Record High Inflation

The head of the European Central Bank (ECB) has claimed that "climate change" is to blame for the record high inflation that's impacting nations around the world. ECB President Christine Lagarde claims that climate change has created droughts and famines that are driving up prices. Lagarde made the argument in…

European Central Bank: Cash ‘Not Fit’ for Digital Economy

The European Central Bank (ECB) has dismissed privacy concerns about a central bank digital currency (CBDC) and declared that physical cash is "not fit" for a digital economy. According to a new paper from the ECB, cash is no longer a useful tool, and a CBDC is the “only solution”…

European Central Bank Keeps Interest Rates Steady despite Record High Inflation

The European Central Bank (ECB) is keeping interest rates steady despite inflation hitting record highs. The ECB announced it’s holding its key interest rate at around the zero bound. It is also maintaining its current plans for a gradual wind-down of stimulus measures, even as eurozone inflation has hit a…