Bloomberg As Russia’s invasion of Ukraine wreaks destruction on the fringes of the European Union, the bloc is poised to pull its newest member closer into the fold. Croatia, which joined the EU almost a decade ago, is on the verge of joining the Schengen zone — the passport-free area stretching from Norway’s Arctic coast to Spain’s Atlantic seaboard ...

  Bloomberg European Central Bank (ECB) policy makers gather on a Portuguese hillside on Monday with the sinking feeling that their rush to tackle the inflation shock they failed to forecast risks both a recession and echoes of the euro area’s sovereign debt crisis. As President Christine Lagarde and colleagues meet in the resort of Sintra for their version of ...

Bloomberg There’s a narrow path for the world’s central banks to stem rising inflation without tipping their economies into a recession, according to the head of the Bank for International Settlements (BIS). “There is a possibility that it can be pulled off without a major impact — with an impact on GDP but not going all the way to a ...