Next week could be a busy — and possibly volatile — week with most of the focus on the U.S. jobs report for October.
The ECB said in its latest quarterly Bank Lending Survey that banks are expected to ease credit standards further in the final quarter.
The sector's long-term attractiveness has been damaged by revelations of extra non-performing loans and hidden losses.
The European Central Bank said the banks’ capital holes could be filled by their raising €10 billion ($12.67 billion).
The results of the stress tests on 130 banks by the European Central Bank are due to be unveiled on Sunday.
The policymakers could decide at the December meeting to go ahead with the purchases, but such a step is not certain.
Draghi has in recent days signaled the bank was ready to use additional unconventional tools to spur inflation and growth.
The U.S. Federal Reserve could signal the timing of its first interest-rate increase in more than eight years Wednesday.
The European Central Bank unexpectedly slashed its benchmark rates Thursday as the continent struggles to boost economic recovery.
The ECB president's monthly news conference will be under minute scrutiny on Thursday.
The ECB's Mario Draghi says politicians should be doing more to reduce unemployment rates in the Eurozone.
Though the euro area economy flatlined in the second quarter, forecasts point to growth in coming quarters.
The targeted lending program, which was announced in June, is expected to disburse the first round of funds in September.
EBA warns risks of banks getting involved in virtual currencies outweigh benefits.
Europe's central bank cut its interest rates to below zero in an effort to boost inflation and juice its economy.
German exports also fell 1.8 percent on the month, while imports declined 0.9% from February.