Europe

More stimulus could be on its way to the euro zone

European Commission President Jean-Claude Juncker (L) and President of the European Central Bank Mario Draghi
European Commission President Jean-Claude Juncker (L) and President of the European Central Bank Mario Draghi. Photo: Frederick Florin/AFP/Getty Images

European Central Bank President Mario Draghi gave hints that he may continue the central bank's bond-buying program through this year, saying the economy of the 28-member bloc is weaker than he previously expected.

What's happening: The central bank just last month began to phase out its bond purchase stimulus program that has totaled 2.5 trillion euros, in a first step toward higher interest rates. Interest rates on some deposits are still negative in the euro zone.

Theresa May's historic Brexit defeat opens the door to the extreme

Demonstrators outside the Palace of Westminster. Photo: John Keeble/Getty Images

U.K. Prime Minister Theresa May’s Brexit deal was defeated on Tuesday in the House of Commons — a vote she described earlier as "the most significant" in recent British political history — by a historic 202 to 432 margin, the biggest defeat for a reigning government in more than a century.

Why it matters: No one is really sure what happens next. The U.K. is currently set to leave the EU on March 29, a step with economic and political reverberations that will last for generations, but it's not at all clear what that exit will look like — or if it will ultimately happen on time or at all.

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