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Euro zone officials are ready to discuss Greece’s debt burden with Syriza — but only if the anti-austerity party sticks to bailout conditions.
Despite data showing that the euro zone has slid into deflation, Germany's deputy finance minister dismissed fears of a downward spiral of prices.
The European Central Bank is set to announce a quantitative easing program based on the contributions made from national central banks.
The European Central Bank (ECB) has discussed a 500-billion-euro ($593 billion) quantitative easing program, a source at the central bank told CNBC.
Germany's Bundesbank has underlined the financial risks to investors at a time when the ECB is expected to step up its aggressive monetary policy.
Policymakers at the heart of the Greek government went on the offensive this weekend, stating that the struggling euro zone nation would not need a further loan.
European taxpayers should not be left accountable for the securities that form part of the ECB's new asset-purchase program, according to the president of the Deutsche Bundesbank.
The Finnish central bank governor told CNBC that the ECB stands ready to take further measures if required.
Deutsche Bank Co-CEO Anshu Jain warned that additional liquidity measures by the European Central Bank (ECB) would achieve little.
Russian stock markets were sharply lower following the announcement of new sanctions, and analysts warned of tougher penalties on the way.