EUR News

European Central Bank President Mario Draghi said on Wednesday the stimulus measures adopted by the bank since January will stabilize inflation in line with the target and that they are working their way into the real economy.

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European Central Bank's Benoit Coeure said in his speech on Thursday that the quantitative easing programme has gotten off to a smooth start and that the bank did not face any problems in finding bonds.

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Germany's producer prices dropped more-than-expected in February, figures from Destatis showed Friday.

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European Central Bank Governing Council member Christian Noyer said on Monday that Greece must consider capital controls only as a "last resort" and urged the government to do more to restore confidence on the economy.

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Economic confidence from the euro area and consumer prices from Germany are due on Monday, headlining a light day for the European economic news.

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Greece's producer prices declined for the eighth straight month in February, but at a slower pace than from the previous month, figures from the Hellenic Statistical Authority showed Monday.

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The Eurozone private sector continued to improve in March with the Purchasing Mangers' Index rising to an 11-month high to mark its joint highest level for almost four years. A separate survey from Sentix showed that investor confidence hit its highest level in nearly seven-and-a-half years in April, amid signs of strengthening in the euro area economy.

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France's current account deficit in February increased from the previous month, as the visible trade shortfall widened due to the reduction in the growth of international trade, figures from Bank of France showed Monday.

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Germany's consumer prices increased for the second straight month in March as initially estimated, final data from the statistical office Destatis showed Wednesday.

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Professional forecasters have further lowered the inflation forecast for this year, while raising the growth predictions, results of a quarterly survey by the European Central Bank revealed Thursday.

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