The ECB is the central bank which monitors the monetary policy of the Eurozone, with the main objective being to maintain price stability.
The ECB's headquarters are in Frankfurt, Germany. The owners and principal shareholders of the European Central Bank, are the central banks not just of the 19 eurozone countries, but of the 28 member states of the EU. Mario Draghi, formerly Italy's central bank head, is the current ECB president. This page is a collection of DW's latest content on the ECB.
Greece has been negotiating down to the wire with its creditors in an effort to secure a major tranche of bailout money. If Athens doesn't get the money, a default looms, possibly within days. But finance minister Yanis Varoufakis says a deal could come this week.
Yields are spiking on sovereign bonds across Europe, led by a surprise jump in the yield of Germany's 10-year Bundesanleihe, known by investors as the "Bund." The volatility is making institutional investors -- pension funds and insurance companies -- nervous, and rattling markets around the globe.
Greece is on the verge of a cash flow crisis as its creditors refuse to release funds from the bailout package until Prime Minister Alexis Tsipras' government comes up with new reforms. Eurozone finance ministers are in Riga to find a way out of the deadlock.