Euro is now some 4 per cent higher against the US dollar than when ECB policymakers met in December.

Through the years, numerous business, government and civil society leaders have made their way to Davos to consider the major global issues of the day and to brainstorm on solutions to address these challenges.

The world's richest one percent raked in 82 percent of the wealth created last year while the poorest half of the population received none, Oxfam said Monday, as the world's elite prepared to mingle at the World Economic Forum in Davos.