#Euro

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

The euro could climb to levels last seen five years ago as a drop in hedging costs would drive flows of more than $200 billion and prop up the currency, according to Morgan Stanley.

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From Si RSS Feed: Spain 2026 World Cup Preview: Dizzying Expectations for European Champions

The telecoms giant notched up pre-tax profits of 1.86 billion euro (£1.61 billion) for the year to March 31.