Euro Zone as a Whole

ECB to go all the way on stimulus even as economy recovers, Lagarde says

ECB to go all the way on stimulus even as economy recovers, Lagarde says

Published 16/07/2020

FRANKFURT (Reuters) - The European Central Bank will use its stimulus firepower fully even as the euro zone economy shows some signs of rebounding from [more…]

Euro zone industry output recovers less than expected

Euro zone industry output recovers less than expected

Published 14/07/2020

BRUSSELS (Reuters) - Euro zone industrial production rose in May, official estimates showed on Tuesday, but the recovery from lockdown-induced record declines March and April [more…]

Euro zone banks expect to tighten access to credit in third quarter, ECB says

Euro zone banks expect to tighten access to credit in third quarter, ECB says

Published 14/07/2020

FRANKFURT (Reuters) - Euro zone banks maintained relatively easy access to credit for firms in the second quarter with the backing of government guarantees, but [more…]

German economy is recovering from pandemic slump, Bundesbank data shows

German economy is recovering from pandemic slump, Bundesbank data shows

Published 13/07/2020

FRANKFURT (Reuters) - The German economy is rebounding from a pandemic-induced slump after hitting bottom last month, a real-time indicator developed by the country’s central [more…]

France backs Spanish candidate to lead Eurogroup of finance ministers

France backs Spanish candidate to lead Eurogroup of finance ministers

Published 09/07/2020

PARIS (Reuters) - France will back Spanish Economy Minister Nadia Calvino for the presidency of the Eurogroup of euro zone finance ministers, French Finance Minister [more…]

EU sees deeper recession, less steep rebound for euro zone

EU sees deeper recession, less steep rebound for euro zone

Published 07/07/2020

BRUSSELS (Reuters) - The euro zone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European [more…]

One fifth of German firms fear for their survival amid pandemic: Ifo

One fifth of German firms fear for their survival amid pandemic: Ifo

Published 06/07/2020

BERLIN (Reuters) - Around one fifth of German companies (21%) believe their survival is threatened by the coronavirus crisis, Germany’s Ifo institute said on Monday, [more…]

Balance of risk now more favourable for euro economy – ECB’s Knot

Balance of risk now more favourable for euro economy – ECB’s Knot

Published 03/07/2020

AMSTERDAM (Reuters) - The risk of a deeper economic euro zone recession than predicted in the European Central Bank’s (ECB) baseline scenario has diminished, ECB [more…]

EU banks to take on Visa, Mastercard with new payments system

EU banks to take on Visa, Mastercard with new payments system

Published 02/07/2020

LONDON/PARIS (Reuters) - Sixteen banks from Germany, France and three other euro zone countries on Thursday said a “truly European” payments system was expected to [more…]

ECB lowers bar for bank mergers in hope of spurring consolidation

ECB lowers bar for bank mergers in hope of spurring consolidation

Published 01/07/2020

FRANKFURT (Reuters) - The European Central Bank is lowering the bar for bank mergers in the euro zone, hoping to encourage an elusive wave of [more…]