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The European Central Bank is responsible for managing the euro currency which is used by 18 of the 28 member states of the European Union. The institution says the eurozone is experiencing a very gradual and fragile recovery but there are many factors that could halt the modest progress that is being made.The eurozone interest rate is staying at a record low of 0.25% which gives some relief to millions of home owners who have tracker mortgages. The ECB says the euro continues to struggle because banks are not lending to businesses. Other negative factors include government debt, personal debt and huge unemployment. The European Central Bank says it is particularly concerned about avoiding eurozone deflation which can come about if inflation is allowed to fall too low.ECB President, Mario Draghi, insists that he will do everything in his power to ensure the future of the euro but he has also acknowledged that there are many potential threats to the currency over which he has absolutely no control.