With overall savings of five trillion euros and interest rates at zero, an inflation of 2.0 percent means German savers are basically losing 100 billion euros per year, Bavaria's Finance Minister Markus Soeder said on Wednesday.
The EU28 unemployment rate was 8.1 percent in January versus 8.2 percent in December.
Inflation in the 19-nation bloc touched 2% in February, details Eurostat, up from a rate of 1.8% the month before and the highest since January 2013 and is slightly above the ECB's target of just below 2%.
ECB President Mario Draghi has previously warned that the central bank will not tighten policy in response to a "short lived" surge in inflation.
Inflation in Germany rose in February, reaching its highest level in four-and-a-half years, mainly due to more expensive energy and food. Figures released Thursday by Eurostat showed the eurozone's jobless rate held at 9.6 percent in January, its lowest level since May 2009.
Though the inflation rate's rise in recent months has surprised many observers, there is a consensus that inflationary pressures will start to fade in the middle of 2017 when prior oil price rises fall out of the annual comparison.
Wizards get Bojan Bogdanovic in trade with Nets
The Wizards hope Bogdanovic, a restricted free agent, will help them challenge the Cavs and Raptors for the East title. He added that the 27-year-old is a starter in the National Basketball Association and is a bench "boost".
She said the firm expects the bank will keep its commitment to its continuing its bond buying programme until the end of the year, and longer if necessary.
Analyst Michael Schubert at Commerzbank said that while some ECB council members want the bank to start thinking about ending its extraordinary stimulus efforts, "our analysis indicates that opponents of an early exit have a solid majority" on the bank's 25-member governing council.
February was the third straight month the rate rose higher than expected, said FawadRazaqzada, market analyst at Forex.com. Those figures are due on Thursday.
In December, the European Central Bank announced an extension of its bond-buying program to the end of this year from a tentatively scheduled conclusion in March, although it cut the monthly value of purchases.
The ECB is now coming under increasing pressure - particularly from the German government - to scale back on that stimulus. A sustained rebound in German inflation gives Bundesbank President and European Central Bank rate setter Jens Weidmann more grounds to argue for a reduction in the bond-buying programme, a scheme that he has often criticised. But he underlined Wednesday what he considers the unwanted side effects of the ECB's efforts.
Markit economist Trevor Balchin said he expected Germany's quarterly growth rate to accelerate to at least 0.6 percent in the first three months of 2017 from 0.4 percent in the final three months of 2016.
Alterations in motor control, coordination, judgment, reaction time, and tracking ability have also been documented. A doctors' group is stepping up warnings to teenagers as the use of marijuana becomes more mainstream.
As such, we recommend that pregnant women should continue to follow advice not to handle soiled cat litter in case it contains. That said, separate evidence that suggests parasite exposure can lead to general health problems in children hold up.
Apple says its watches now are designed for 18 hours of battery life , though performance varies based on how you use the watch. Such technology could be delivered by Hong-Kong based Biel Crystal Manufactory or Taiwanese-based General Interface Solution.
Ian Rappaport of the NFL Network is reporting that the Chiefs are working to make Berry the highest-paid safety in the NFL . Charles subsequently underwent arthroscopic knee surgery and Spencer Ware closed out the season as the Chiefs' feature back.
Meanwhile, the "Because You Loved Me" musician recently said her family was "doing really well" one year on from Rene's passing. Angelil, who was married to Dion for over 21 years, died in January 2016 after a long battle with throat cancer.
Lorde has released her highly anticipated new single " Green Light " from the new album Melodrama , due this summer. The poetic (and perhaps, semi autobiographical) lyrics and hypnotic vocals fans have come to love remain.
The Pentagon has said that there will not be a public announcement that accompanies the strategy review. The campaign involves a 100,000-strong force of Iraqi troops, Kurdish fighters and Shi'ite militias.
Among other highlights is the panic button which is activated when a user presses the power button thrice. The smartphone packs a 13MP camera sensor on the back and a 5MP camera sensor on the front for selfies.
The report also states that armed groups targeted western Aleppo for the sole objective of terrorizing civilians. Opposition groups shelled government-controlled western Aleppo, killing and injuring dozens, the report said.
A Christian think tank says an LGBT advocacy group is attempting to politicize the beginning of the 40-day Lenten season. The " Glitter Ash Wednesday" initiative was created by the NY faith-based organization "Parity".
Muslim activists raised more than $78,000 as of early Wednesday afternoon to help fix a vandalized a Jewish cemetery near St. The Jewish community in Missouri is on alert after more than 100 headstones were knocked over in a historic Jewish cemetery.
Pancake Day 2017: How to make really easy pancakes
She raced out of the house to church while still carrying her frying pan and pancake, flipping it to prevent it from burning. After nearly eight hours of non-stop pancake-making, MAFKA achieved the record with an incredible 12,716 crepes.
Pro-Trump 'Massive' Rallies Are Massive Failures
Some of the rally organizers came out of the Tea Party, a far-right movement within the Republican Party since 2009. Monday would be the first of the two rallies, also linked to the "Main Street Patriots" group.
Honor V9 official, a taste of Honor 9?
The Honor 8 Lite has been priced CNY 2,599 (which is approximately Rs 24,999) and will begin shipping this Friday- February 24. The phone boasts of a QHD display combined with a powerful battery and claims to be the best when it comes to VR, 3D support.
Verizon Gets a Fix on 5G Trials
Verizon's announcement comes shortly after AT&T described its plans for "5G evolution" testing in Austin and Indianapolis . Verizon has yet to comment on what kind of speeds the pilot cities will be experiencing.