Eurozone interest rates reach joint record high

Published 3y ago

The European Central Bank raises rates for the ninth time in a row in an effort to control prices. More »

Euro zone investor morale improves in August but recovery sluggish – Sentix

Published 6y ago

BERLIN (Reuters) – Investor morale in the euro zone rose for a fourth consecutive month in August but the low reading suggests that the coronavirus-hit economy is still in recession in the third quarter, a survey showed on Monday. Sentix’s index for the euro z... More »

Euro zone companies tapped bank credit in June even as economy reopened

Published 6y ago

FRANKFURT (Reuters) – Euro zone companies continued to tap bank credit at a brisk pace in June even as the economy reopened after three months of coronavirus-related lockdown, data from the European Central Bank showed on Monday. Lending to non-financial corpo... More »

Euro zone industry output recovers less than expected

Published 6y ago

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 was lower than expected and far from offsetting past drops. Manufacturing output in t... More »

France backs Spanish candidate to lead Eurogroup of finance ministers

Published 6y ago

PARIS (Reuters) – France will back Spanish Economy Minister Nadia Calvino for the presidency of the Eurogroup of euro zone finance ministers, French Finance Minister Bruno Le Maire said on Thursday, a stance echoed by France’s Foreign Minister Jean-Yves Le Dri... More »

Bond investors wait for more headlines on EU recovery fund

Published 6y ago

AMSTERDAM (Reuters) – Euro zone bond yields held their ground on Thursday with investors’ main focus expected to be any new developments on the European Union’s recovery fund, which aims to help the region’s economy recover from the coronavirus crisis. Hopes a... More »

EU sees deeper recession, less steep rebound for euro zone

Published 6y ago

BRUSSELS (Reuters) – The euro zone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European Commission forecast on Tuesday, with France, Italy and Spain struggling the most due to the COVID-19 pan... More »

ECB contemplating dividend moratorium extension, Enria says

Published 6y ago

FRANKFURT (Reuters) – The European Central Bank is contemplating whether to extend a request to banks to hold off on dividend payments and share buybacks, and hopes to provide more clarity in July, Andrea Enria, its chief bank supervisor said on Tuesday. The E... More »

Household spending plunge pulls down euro zone GDP in first quarter

Published 6y ago

BRUSSELS (Reuters) – A plunge in household spending and investment pulled down euro zone gross domestic product in the first quarter as the COVID-19 pandemic struck, but the fall was slightly smaller than first estimated, the European Union’s statistics office... More »

Worst may be over for euro zone factories, recovery to be slow: PMI

Published 6y ago

LONDON (Reuters) – Euro zone manufacturers appear to have passed their nadir, a survey showed on Monday, but activity is still contracting sharply as government-imposed lockdowns due to the coronavirus pandemic keep demand in check. Many countries in the bloc ... More »

A battle far from over: Five questions for the ECB

Published 6y ago

LONDON (Reuters) – The European Central Bank meets on Thursday, the ink barely dry on its emergency bond-buying scheme, and markets are already asking what more it will do to help the euro zone economy through the coronavirus crisis. Its emergency stimulus, wh... More »

Euro zone economy set for deepest recession on record: Reuters poll

Published 6y ago

BENGALURU (Reuters) – The euro zone economy is already in its deepest recession on record, according to a Reuters poll of economists, who have stuck to a bleak outlook and worry the downturn might be even worse as coronavirus lockdowns across the bloc take the... More »

ECB urges measures worth 1.5 trillion euros this year to tackle virus crisis: sources

Published 6y ago

BRUSSELS (Reuters) – The European Central Bank told euro zone finance ministers that the bloc may need fiscal measures worth up to 1.5 trillion euros ($1.6 trillion) this year to tackle the economic crisis caused by the COVID-19 epidemic, officials told Reuter... More »

Irresponsible of governments to leave ECB alone in virus fight: Kazaks

Published 6y ago

FRANKFURT/RIGA (Reuters) – It would be irresponsible of euro zone countries to leave the European Central Bank alone in the fight against an economic slump caused by the coronavirus outbreak, ECB policymaker Martins Kazaks said on Wednesday. Finance ministers ... More »

EU ministers hope to agree to half a trillion euro coronavirus rescue

Published 6y ago

BRUSSELS (Reuters) – Euro zone finance ministers hope to agree on Tuesday on half a trillion euros worth of economic aid to finance recovery from the coronavirus, a discussion that has sown divisions as the bloc struggles with the outbreak. If they do agree, t... More »

Euro zone investor morale hits all-time low on coronavirus – Sentix

Published 6y ago

BERLIN (Reuters) – Investor morale in the euro zone fell to an all-time low in April and the bloc’s economy is in deep recession due to the coronavirus, which is “holding the world economy in a stranglehold”, a survey showed on Monday. Sentix’s index for the e... More »

Explainer: Euro zone eyes package to support economy against coronavirus

Published 6y ago

BRUSSELS (Reuters) – With the euro zone economy in need of help from the coronavirus pandemic, officials have until April 9 to design a package that satisfies members with completely opposing views: those calling for joint debt issuance and those fiercely agai... More »

Euro zone ministers discuss fiscal boost options as virus worries weigh

Published 6y ago

BRUSSELS (Reuters) – Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday, in a potential nudge to Germany and the Netherlands to spend more as fears of a downturn grow in the wake of the coronavirus epidemic.... More »

Euro zone to cautiously pave the way for more fiscal stimulus

Published 6y ago

BRUSSELS (Reuters) – Euro zone finance ministers are set to discuss on Monday a document that calls for a more growth-friendly fiscal policy, a move that could lead to Germany’s spending more amid fears of a downturn. The 19-country euro zone has for years stu... More »

Euro zone GDP slows as expected in fourth-quarter, but employment beats consensus

Published 6y ago

BRUSSELS (Reuters) – Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed ... More »

The Yankees are coming! U.S. firms rush to euro debt markets

Published 6y ago

LONDON (Reuters) – From Harley Davidson to Colgate-Palmolive, U.S. companies are flocking to borrow in euros and their record issuance is breathing life into a market where yields have been hammered by the European Central Bank’s renewed stimulus push. Offshor... More »

Euro zone factory activity shrank in November but worst may be over: PMI

Published 6y ago

LONDON (Reuters) – Euro zone manufacturing activity contracted for a 10th straight month in November although the bloc’s battered factories may have turned a corner as forward-looking indicators in Monday’s survey appear to have passed a nadir. IHS Markit’s fi... More »

Euro zone inflation rises quicker than expected in November

Published 6y ago

BRUSSELS/FRANKFURT (Reuters) – Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary. The ECB ha... More »

Italy could use ESM talks to push Italian candidate to head fund: Panetta

Published 6y ago

MILAN (Reuters) – Italy should use ongoing talks over the reform of the euro zone bailout fund, the ESM, to secure something for itself such as the appointment of an Italian to head the fund, Bank of Italy Deputy governor Fabio Panetta said on Saturday. Panett... More »

Furor erupts in Italy over euro zone bailout fund reform

Published 6y ago

ROME (Reuters) – Proposals to reform the euro zone’s bailout fund are creating a political storm in Italy, where parties and institutions are battling over whether Rome should try to block the reform at the EU level. A draft of the reform was agreed by euro zo... More »

A quiet exit for Draghi? Five questions for the ECB

Published 6y ago

LONDON, (Reuters) – Mario Draghi’s last meeting as European Central Bank chief this Thursday may prove a lively gathering given a deep rift among policymakers over renewed asset purchases that threatens the effectiveness of policy. After unleashing a wave of s... More »

Euro zone bond yields off lows, German fiscal plans in focus

Published 7y ago

LONDON (Reuters) – Bond yields in the euro zone were off record low levels on Monday, as a calmer tone settled in world markets and focus turned to the prospect of fiscal stimulus in Germany. Germany has the fiscal strength to counter any future economic crisi... More »

Euro zone growth, inflation outlook cut as risks from U.S. trade grow

Published 7y ago

BRUSSELS (Reuters) – The European Commission lowered its estimates on Wednesday for euro zone growth and inflation, saying uncertainty over U.S. trade policy posed a major risk to the bloc. In its quarterly economic forecasts, the European Union’s executive ar... More »

Euro zone lending steady, money supply growth picks up: ECB

Published 7y ago

FRANKFURT (Reuters) – Euro zone lending growth held steady in May while a broader money supply indicator, which often foreshadows future activity, grew faster than expected, data showed on Monday, easing pressure on the European Central Bank to provide more st... More »

Euro zone factory activity contracted for fifth month in June: PMI

Published 7y ago

LONDON (Reuters) – Factory activity in the euro zone shrank faster last month than previously thought in a broad-based downturn, according to a survey on Monday that suggested there would be no quick turnaround. The downbeat data will likely add to calls for t... More »

UniCredit says it will stick to organic growth, mergers difficult

Published 7y ago

MILAN (Reuters) – Italy’s biggest lender, UniCredit (CRDI.MI), will stick to organic growth in its new business plan, Chief Executive Jean Pierre Mustier said in an interview published in La Stampa newspaper on Monday, saying European mergers were difficult. “... More »

Bulgaria hopes to join euro zone ‘waiting room’ by year-end

Published 7y ago

SOFIA (Reuters) – Bulgaria hopes to join the precursor to euro zone membership, the ERM-2 exchange rate mechanism before year-end, Finance Minister Vladislav Goranov said on Wednesday, pushing back Sofia’s initial target of joining this summer. The Balkan coun... More »

Creval says to spin off bad loans, triple net profit by 2021

Published 7y ago

MILAN (Reuters) – Italian mid-sized lender Creval said on Tuesday it would spin off its bad debts into a separate unit and sell half of them, in order to roughly halve its gross soured loan ratio to below 6.5% in 2023. Presenting a five-year business plan unde... More »

Euro zone banking at risk of dangerous fragmentation, ECB warns

Published 7y ago

FRANKFURT (Reuters) – Euro zone banks are turning away from cross-border activity, putting at risk the bloc’s banking union and raising the risk of dangerous fragmentation, European Central Bank Vice President Luis de Guindos said on Thursday. With national ru... More »

Greece to strike deal this weekend to repay IMF early: official

Published 7y ago

WASHINGTON (Reuters) – Greece is looking to strike a deal this weekend to repay early about half of the loans it received from the International Monetary Fund, in a bid to lower the euro zone member’s burden of debt servicing, a senior official said on Friday.... More »

Valid or voodoo? Monetary theory may appeal in Europe’s ‘age of rage’

Published 7y ago

LONDON (Reuters) – Having spent three years and more than 2.6 trillion euros ($3 trillion) trying to boost economic growth across the euro zone, the European Central Bank’s mixed record may open the door for a high-spending, radical alternative. With populist ... More »

Slowdown to showdown: Five questions for the ECB

Published 7y ago

LONDON (Reuters) – Two months after ending its massive stimulus scheme, the European Central Bank faces growing pressure to address how it will protect the euro zone economy from a protracted slowdown. Thursday’s policy meeting, news conference, and updated ec... More »

Euro zone’s triple-A bond drought persists after ECB steps away

Published 7y ago

LONDON (Reuters) – High-grade euro zone debt remains scarce even though the European Central Bank has stopped its huge purchases of new bonds, intensifying concerns that banks will face future collateral shortages and highlighting the need for safe assets. The... More »

Euro zone core inflation edges higher in Jan

Published 7y ago

BRUSSELS (Reuters) – Euro zone headline consumer inflation slowed slightly in January because of a sharp deceleration of energy price growth, but core inflation watched closely by the European Central Bank in policy decisions edged slightly higher, data showed... More »

Key ECB supervision role to go unfilled in board-room impasse

Published 7y ago

FRANKFURT (Reuters) – A key euro zone banking supervision role is set to go unfilled for an indefinite time after ECB chief Mario Draghi failed to pick a successor in an unprecedented impasse at the crucial euro zone institution, sources familiar with the matt... More »

France’s ‘yellow vest’ protests could shake up euro zone bond markets

Published 7y ago

LONDON (Reuters) – France’s response to “yellow vest” protests could be a turning point for euro zone bond markets if it kicks off an era of increased public borrowing in the bloc and loads additional debt on to a market already nervous over the removal of ECB... More »

Euro zone unemployment unexpectedly falls to 10-year low

Published 7y ago

BRUSSELS (Reuters) – Unemployment in the euro zone unexpectedly fell in November to its lowest rate in more than ten years, official estimates released on Wednesday showed. The EU statistics office Eurostat said unemployment in the 19-country currency bloc dro... More »

Euro zone takes step to deeper integration, key issues unresolved

Published 7y ago

BRUSSELS (Reuters) – European Union leaders took a step toward deeper euro zone integration on Friday to help prevent future crises, but deep disagreement left key issues like a euro zone budget and a deposit guarantee scheme unresolved. Leaders of all EU coun... More »

Exclusive: EU delays euro zone budget, deposit insurance plans – draft

Published 7y ago

BRUSSELS (Reuters) – EU finance ministers will agree on Monday to give the euro zone bailout fund new responsibilities, but they will delay decisions on the euro zone budget and a deposit guarantee scheme after failing to reach agreement, a draft document show... More »

EU ministers to finalize watered-down euro zone reform plans

Published 7y ago

BRUSSELS (Reuters) – European Union finance ministers will seek final agreement on Monday on deeper euro zone integration which, after a year of negotiations, is likely to turn out much less ambitious than initially planned. Championed by French President Emma... More »

Markets jitter as founder of Italian ruling party urges euro…

Published 8y ago

ROME (Reuters) – Italy should have a “plan B” to quit the euro zone with a referendum if economic conditions dictate, the founder of the co-ruling 5-Star Movement said, sending ripples through financial markets. The anti-establishment movement’s founder Beppe ... More »

Euro zone June factory growth slips to weakest in 18 months

Published 8y ago

Euro zone factory growth slowed to an 18-month low in June, slipping for the sixth month in a row amid widespread concerns about trade barriers and their impact on overall economic activity, a survey showed on Monday. IHS Markit’s June final manufacturing Purc... More »

Bulgaria aims to enter euro ‘waiting room’, EU bank union on same day

Published 8y ago

SOFIA (Reuters) – Bulgaria aims to join the EU’s banking union on the same day it enters the “waiting room” for euro zone membership, where it must spend at least two years before joining the single currency, its prime minister said on Friday. Boyko Borissov s... More »

Statement agreed by EU leaders on the euro zone

Published 8y ago

BRUSSELS (Reuters) – The following is the text agreed on by EU leaders on euro zone economic integration:In line with the Leaders’ Agenda and the outcome of its December 2017 meeting, welcoming national contributions, including the one presented by France and ... More »

Merkel: after successful bailouts, euro zone needs reform

Published 8y ago

BERLIN (Reuters) – German Chancellor Angela Merkel said on Thursday that further euro zone reform was needed to nip possible future crises in the bud, after aid programs to some member states had been successful. Addressing parliament before heading to an EU l... More »

Merkel aide rejects conservative critique of euro reforms

Published 8y ago

BERLIN (Reuters) – Chancellor Angela Merkel’s agreement with French President Emmanuel Macron on euro zone reforms does not violate the coalition agreement, as some Bavarian conservatives have suggested, an aide to the German leader said. Chancellery Minister ... More »

Bavarian premier rejects ‘paying out more money’ for euro zone

Published 8y ago

BERLIN (Reuters) – Bavarian premier Markus Soeder took aim on Thursday at a euro zone reform blueprint that Chancellor Angela Merkel agreed with France this week, rejecting the idea of German taxpayers’ money being used to help other members of the single curr... More »

German finance minister defends euro reforms against conservative…

Published 8y ago

BERLIN (Reuters) – Germany’s finance minister on Wednesday defended a euro zone reform blueprint agreed with France against criticism by Chancellor Angela Merkel’s conservatives that it could undermine monetary stability. Members of Merkel’s conservative bloc ... More »

Merkel, Macron back euro zone budget in ‘new chapter’ for bloc

Published 8y ago

BERLIN (Reuters) – The leaders of Germany and France agreed on Tuesday to create a budget for the euro zone and hailed a “new chapter” for the currency union, but they left the details to be worked out later with other members of the 19-country bloc. Their mee... More »

EU Commission hails Franco-German deal on deeper euro zone integration

Published 8y ago

BRUSSELS (Reuters) – The European Commission welcomed on Wednesday a joint position of the euro zone’s two biggest countries — Germany and France — on the key elements of deeper euro zone integration calling it a crucial step for reaching an overall agreement.... More »

Euro reforms will be backed by German coalition, lawmakers: Merkel

Published 8y ago

BERLIN (Reuters) – German Chancellor Angela Merkel said on Tuesday a euro zone reform package agreed with French President Emmanuel Macron would be supported by all parties in her ruling coalition. “I can give a very clear ‘yes’ that everything agreed here tod... More »

Macron says euro zone budget to be operational from 2021

Published 8y ago

MESEBERG, Germany (Reuters) – A new joint euro zone budget agreed on Tuesday by France and Germany will be operational by 2021, French President Emmanuel Macron said after talks with German Chancellor Angela Merkel. Macron said that details of the budget, incl... More »

Germany’s Merkel, ECB’s Draghi exchange views

Published 8y ago

BERLIN (Reuters) – German Chancellor Angela Merkel exchanged views with European Central Bank President Mario Draghi on Monday, her spokesman said, as part of her regular informal meetings with leaders of European institutions. Merkel’s spokesman, Steffen Seib... More »

Net exports help Greek economic recovery gain traction in first…

Published 8y ago

ATHENS (Reuters) – Greece’s economy grew for a fifth straight quarter in January-to-March and at a faster pace than in the previous three months, helped by stronger exports, the statistics service (ELSTAT) said on Monday. Seasonally adjusted data showed gross ... More »

Banco BPM eyes bad-loan unit sale to speed up clean-up – sources

Published 8y ago

(This version of the story corrects end-March soured loan level to 20.5 percent (not 24.6 pct) in para. 10) MILAN (Reuters) – Italy’s third largest bank, Banco BPM, is looking to sell part of its debt servicing unit as it strives to meet its bad-loan reduction... More »

Euro zone not facing new debt crisis: EU’s Juncker

Published 8y ago

BERLIN (Reuters) – There is no threat of a new sovereign debt crisis in the euro zone despite an anti-establishment coalition government taking power in Italy, European Commission President Jean-Claude Juncker said in remarks published on Saturday. Asked by th... More »

Italy must present Monte dei Paschi exit plan by 2019: CEO tells paper

Published 8y ago

MILAN (Reuters) – Italy must present the European Commission with a plan for its exit from lender Monte dei Paschi (BMPS.MI) by 2019, Chief Executive Marco Morelli told daily Corriere della Sera. Last year, the Commission and Italy reached a pact on a state ba... More »

Euro zone banks continue to work off bad debt: ECB

Published 8y ago

FRANKFURT (Reuters) – Euro zone banks continued to cut their pile of soured debt in the final quarter of last year, European Central Bank data showed on Monday, working away on a key legacy of the bloc’s debt crisis which has weighed on growth and bank profits... More »

Euro zone lending picks up, money supply growth slows in March

Published 8y ago

FRANKFURT (Reuters) – Lending to euro zone households and companies accelerated in March while a broader indicator of money circulating in the currency bloc, which often foreshadows future activity, slowed sharply, data from the European Central Bank showed on... More »

Euro zone business growth stabilizes but euro a rising concern

Published 8y ago

LONDON (Reuters) – Business activity across the euro zone was still growing as the second quarter began, but at a more modest rate than around the turn of the year, a survey showed on Monday. The euro zone unexpectedly was one of the best-performing major econ... More »

Graphic: The long goodbye to easy money – Five questions for the ECB

Published 8y ago

LONDON (Reuters) – The ECB meets on Thursday against a backdrop of concern about a global trade spat and a softening in euro zone economic data that could potentially hamper the central bank’s plans to unwind its extraordinary monetary stimulus. In March, the ... More »

France’s Macron says roadmap urgently needed for euro zone reform

Published 8y ago

STRASBOURG, France (Reuters) – French President Emmanuel Macron said on Tuesday that Europeans needed to urgently agree on a roadmap to reform the euro zone currency and economic union. Macron also said France was ready to increase its contribution to the Euro... More »

Germany’s SPD urge Merkel’s conservatives to speed up euro zone reform

Published 8y ago

BERLIN (Reuters) – Germany’s Social Democrats on Tuesday raised the pressure on Chancellor Angela Merkel’s conservatives to back proposals to reform the euro zone as agreed in their coalition deal. Merkel’s conservatives want to restrict her room for maneuver ... More »

Merkel allies limit her room on euro zone reform before Macron meeting

Published 8y ago

BERLIN/PARIS (Reuters) – Chancellor Angela Merkel’s conservatives are restricting her room for maneuver on euro zone reform, documents seen by Reuters show, which could further frustrate French President Emmanuel Macron who visits Berlin later this week. A dra... More »

Merkel’s conservatives seek to limit her room on euro zone reform

Published 8y ago

BERLIN (Reuters) – Members of Chancellor Angela Merkel’s conservative bloc in parliament are seeking to limit her room for maneuver on euro zone reform, a draft proposal seen ahead of her meeting with French President Emmanuel Macron on Thursday showed. In the... More »

Euro zone leaders give new push to reforms of single currency area

Published 8y ago

BRUSSELS (Reuters) – Euro zone leaders gave fresh impetus on Friday to reforms to make the bloc more resilient to economic crises, with renewed pledges to complete a banking union and develop a bailout fund after months of delay in the absence of a German gove... More »

Merkel, Macron delay plan to present euro zone reforms: Spiegel

Published 8y ago

France’s President Emmanuel Macron (R) speaks with German Chancellor Angela Merkel as they gather for a family photo during a High Level Conference on the Sahel at the European Commission in Brussels, Belgium, February 23, 2018. REUTERS/John Thys/Pool BERLIN (... More »

Euro zone’s economic roar lost some volume in February: PMI

Published 8y ago

The famous skyline with its banking district is pictured as a rescue helicopter flies by in Frankfurt early evening April 13, 2015. The European Central Bank’s governing council will meet in Frankfurt on Wednesday, April 15. REUTERS/Kai Pfaffenbach LONDON, (Re... More »

Italian bond yields jump as euroskeptic parties surge in election

Published 8y ago

LONDON (Reuters) – Investors dumped Italy’s government bonds on Monday and rushed to buy high-grade equivalents such as German Bunds after the weekend Italian election saw a surge in support for anti-establishment parties, led by the 5-Star Movement. Italy fac... More »

Greece needs post-bailout safety net, central banker says

Published 8y ago

Greece will need a financial "safety net" after its bailout ends in August and should consider a precautionary support program, the central bank governor said on Monday. More »

Soros lobbies ECB for more euro zone integration, draws criticism

Published 8y ago

FILE PHOTO: Business magnate George Soros arrives to speak at the Open Russia Club in London, Britain June 20, 2016. REUTERS/Luke MacGregor/File Photo FRANKFURT (Reuters) – Billionaire investor and activist George Soros has met a European Central Bank director... More »

Euro zone businesses start 2018 in best shape for over a decade: PMI

Published 8y ago

FILE PHOTO: A picture illustration taken with the multiple exposure function of the camera shows a one Euro coin and a map of Europe, January 9, 2013. REUTERS/Kai Pfaffenbach LONDON, Feb 5 (Reuters) – Euro zone businesses started 2018 by increasing activity fa... More »

France, Germany want joint eurozone reform position by June: Le Maire

Published 8y ago

FILE PHOTO: French Finance Minister Bruno Le Maire arrives for a news conference at the Bercy Finance Ministry in Paris, France, January 12, 2018. REUTERS/Gonzalo Fuentes PARIS (Reuters) – France and Germany want to reach a joint position on euro zone reform, ... More »

Euro zone must make first reforms by 2019, says French finance ministe

Published 8y ago

PARIS (Reuters) – The euro zone must take its first steps towards reforming its economic regulations and institutions by the start of 2019 at the latest, French Finance Minister Bruno Le Maire said on Monday. Le Maire said progress on reforming financial secto... More »

Greek police fire teargas at protesters after Athens march

Published 8y ago

Protesters flee tear gas as they clash with riot police during a demonstration outside the parliament building against planned government reforms in Athens, Greece January 12, 2018. REUTERS/Alkis Konstantinidis ATHENS (Reuters) – Greek police fired teargas at ... More »

Thousands of Greeks protest over right to strike, hitting hospitals, t

Published 8y ago

Protesters clash with riot police during a demonstration outside the parliament building against planned government reforms in Athens, Greece January 12, 2018. REUTERS/Alkis Konstantinidis ATHENS (Reuters) – Thousands of Greek protesters marched in central Ath... More »

Bulgaria converging with euro zone, but still not enough: Juncker

Published 8y ago

European Commission President Jean-Claude Juncker speaks during a news conference at a ceremony starting Bulgaria’s six-month presidency of the European Union in Sofia, Bulgaria, January 12, 2018. REUTERS/Stoyan Nenov SOFIA (Reuters) – Bulgaria, which wants to... More »

Macron aiming for eurozone ‘convergence’ with Germany by March

Published 8y ago

French President Emmanuel Macron said on Friday he hoped to make progress with Germany on ideas to reform the euro zone by March, once Germany has a new coalition government in place, and agree a "roadmap" with all eurozone leaders by June next year. More »

EU exec proposes deeper euro zone integration to unite EU

Published 8y ago

European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 14, 2017. REUTERS/Francois Lenoir BRUSSELS (Reuters) – The European Commission proposed on Wednesday ideas for deeper euro zone integration in an effort to help unite... More »

Factbox: EU Commission proposals on euro zone reform

Published 8y ago

BRUSSELS (Reuters) – The European Commission proposed on Wednesday a package of legislative and non-binding measures to reform the euro zone and make it more resilient to future crises. Below are the main proposals: EUROPEAN MONETARY FUND The euro zone bailout... More »

Greece, lenders reach deal on reforms under bailout review

Published 8y ago

Greek Finance Minister Euclid Tsakalotos arrives for a cabinet meeting at the parliament in Athens, Greece June 13, 2017. REUTERS/Costas Baltas ATHENS/BRUSSELS (Reuters) – Greece and its euro zone creditors reached a preliminary deal on Saturday on reforms Ath... More »

Summit on euro zone future in December still on despite no German government: Tusk

Published 8y ago

European Council President Donald Tusk looks on during a news conference at a European Union leaders summit in Brussels, Belgium October 20, 2017. REUTERS/Dario Pignatelli BRUSSELS (Reuters) – A summit of euro zone leaders will go ahead as planned in the middl... More »

Summit on euro zone future in December still on despite no German gove

Published 8y ago

European Council President Donald Tusk looks on during a news conference at a European Union leaders summit in Brussels, Belgium October 20, 2017. REUTERS/Dario Pignatelli BRUSSELS (Reuters) – A summit of euro zone leaders will go ahead as planned in the middl... More »

Lack of German government puts euro zone integration plans on hold

Published 8y ago

Free Democratic Party (FDP) leader Christian Lindner arrives for the board meeting at the party headquarters in Berlin, Germany, November 20, 2017. REUTERS/Hannibal Hanschke BRUSSELS (Reuters) – The collapse of talks on a new German government means that the e... More »

Italian bank inquiry points to improper behavior, commission`s chairman tells paper

Published 8y ago

A new investigation of Italian banking scandals by a parliamentary commission has already revealed some improper behavior, the commission's chairman, Pier Ferdinando Casini, told the newspaper La Repubblica in an interview. More »

Poland wants strong euro zone before mulling membership – finance minister

Published 8y ago

Poland wants the euro zone to become stronger before making a decision whether to join the single currency, Finance Minister Mateusz Morawiecki said. More »

ECB tells banks to set aside more cash on bad loans

Published 9y ago

The European Central Bank will ask euro zone banks from next year to set aside more cash to cover newly classified bad loans and may also present additional measures to tackle the sector's huge stock of bad debt, it said on Wednesday. More »

Euro zone inflation miss supports case for ECB caution

Published 9y ago

Euro zone inflation undershot expectations in September, Eurostat data showed on Friday, highlighting that price growth remained week and supporting the European Central Bank's case for only gradual removal of stimulus. More »

Euro crisis over, Portugal`s investment grade comeback cuts bond yields

Published 9y ago

Portugal's 10-year bond yield hit its lowest level since January 2016 on Monday, driven by the country regaining an investment grade credit rating after 5-1/2 years, effectively drawing a line under its debt crisis. More »

Euro zone enlargement call sparks backlash in Germany

Published 9y ago

After years of bailing out Greece, the idea of letting more poorer states into the euro zone has sparked controversy, particularly in Germany, where Chancellor Angela Merkel is seeking re-election in two weeks time. More »

Juncker wants EU finance minister, no separate euro budget or parliament

Published 9y ago

The European Union should have a minister of economy and finance but no separate euro zone budget or parliament, the head of the European Commission said on Wednesday. More »

Macron to urge euro zone reform on trip to Greece next month

Published 9y ago

French President Emmanuel Macron will travel to Athens next month to send a message to fellow euro zone leaders about the need to strengthen the currency union, at a time when Greece is emerging from years of economic crisis, French officials said. More »

Euro zone June industry output drops by more than expected

Published 9y ago

Industrial output in the 19 countries sharing the euro currency fell by more than expected in June, as the production of capital and durable goods fell following sharp increases in the previous month, European statistics office Eurostat said on Monday. More »

Merkel`s Bavarian ally opposes Macron`s euro zone reform plans: Der Spiegel

Published 9y ago

Bavarian Finance Minister Markus Soeder (CSU) arrives in the Bavarian state parliament in Munich July 17, 2012. A senior member of German Chancellor Angela Merkel’s Bavarian allies rejected French President Emmanuel Macron’s plans to reform the euro zone by in... More »

EU Commission recommends closing excessive deficit procedure for Greece

Published 9y ago

FILE PHOTO – A one Euro coin is seen in this picture illustration taken in Rome, Italy July 9, 2015. The European Commission recommended on Wednesday the end of disciplinary procedures against Greece over its excessive deficit after improvements in its fiscal ... More »

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