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Cryptopolitan 2024-02-23 10:21:57

European Central Bank sees rare annual deficit after 20 years

Thursday brought news that rocked the financial community across Europe: the European Central Bank plunged into its first annual deficit since 2004. This fiscal downturn is largely attributed to significant payouts triggered by the surge in interest rates, with the bank reporting a loss of 1.3 billion euros ($1.4 billion). This figure could have painted

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