
Madrid’s regional government asked for help, labeling the situation as one of ‘extreme gravity.’
ECB President Christine Lagarde said that while the outlook for energy prices looks ‘highly volatile,’ it was still close to their baseline projections.
In addition to the Ukraine war, regional and international issues were discussed, including the situation in the Persian Gulf.
The Iranian-backed Yemeni terror group declared a blockade of the vital shipping route on July 20.
The Paris-based body also warned that violence in the Red Sea between Houthi terrorists in Yemen and Saudi Arabia were also fuelling worries.
The move is part of the framework agreed between Beirut and Jerusalem in Washington last month.
The former Manchester mayor replaced Keir Starmer after meeting with King Charles at Buckingham Palace, where he was formally invited to form a government.
The collapse of the Morandi bridge in August 2018 stunned Italy and sparked years of investigations.
The news comes just days before the UK prepares to change prime ministers for the seventh time in 10 years.
The Bank of Korea’s Monetary Policy Board unanimously voted to boost the rates from 2.5 percent to 2.75 percent.