Euro Zone as a Whole

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…]

Spain, Ireland, Luxembourg vie for Eurogroup leadership

Spain, Ireland, Luxembourg vie for Eurogroup leadership

Published 25/06/2020

BRUSSELS/MADRID (Reuters) - Finance ministers of Spain, Ireland and Luxembourg are in the running to chair meetings of the powerful Eurogroup of euro zone finance [more…]

Euro zone data confirm tepid recovery, ECB’s Knot says

Euro zone data confirm tepid recovery, ECB’s Knot says

Published 25/06/2020

FRANKFURT (Reuters) - A string of positive economic indicators in the euro zone confirm that a recovery is on its way but the bloc may [more…]

Fund giant BlackRock ‘warming up’ to European assets

Fund giant BlackRock ‘warming up’ to European assets

Published 23/06/2020

LONDON (Reuters) - BlackRock’s Investment Institute said on Tuesday it was “warming up” to European assets following what it called the eurozone’s “impressive” efforts to [more…]

Dollar steadies as overnight risk-off move eases

Dollar steadies as overnight risk-off move eases

Published 15/06/2020

NEW YORK (Reuters) - The U.S. dollar was slightly lower in North American morning trade on Monday, stabilizing after a move higher overnight on a [more…]