The interest rates have been left untouched - great news for everyone with or getting a mortgage:

This from the BBC website (includes the UK as well which was in a separate story)

The European Central Bank (ECB) has opted to keep interest rates on hold at 4%, as jitters continue to unsettle markets worldwide.

The widely-expected decision in the 13-member area comes as central banks try to prevent market turmoil from turning into a bigger financial crisis.

Before the recent volatility, caused by problems in the US housing market, rates had been set to rise to 4.25%.

Earlier on Thursday, the Bank of England kept UK rates on hold at 5.75%.

Central banks in Australia and Canada also decided to keep rates on hold this week.

Explaining the background to the ECB’s unanimous decision, its president Jean-Claude Trichet said the fundamentals of the euro zone economy remained strong but the recent turmoil on financial markets meant policy makers needed to proceed with caution.