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Eurozone Entered Into Technical Recession At Start Of 2023: Report
The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed Thursday.
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EU Fiscal Oversight Of Greece Ends After 12 Years
Greece on Saturday concluded 12 years of European Union fiscal surveillance that was imposed in return for bailouts after a crushing debt crisis.
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Mario Draghi: Eurozone Saviour Felled By Italy's Fractious Parties
Mario Draghi, credited with helping save the eurozone as head of the European Central Bank, presided over a remarkable period of unity as Italy's premier before falling foul of its notoriously unstable political system.
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U.S. Recession Fears Darken Outlook For Global Growth
Gauges of factory activity released Thursday in Japan, Britain, the eurozone, and the United States all softened in June.
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Italy's President Sergio Mattarella Re-Elected, Easing Crisis
Italy's parties Saturday voted overwhelmingly for outgoing President Sergio Mattarella to remain for another term, averting the political chaos a failure to elect his successor could have sparked in the eurozone's third-largest economy.
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IMF Upgrades Eurozone Growth Rate To 5% From 4.6%
IMF said it now expects growth of five percent for the single currency area, compared to just 4.6 percent in its previous forecast in July.
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European Union Fines Banks 371 Million Euros Over Bond Trading Cartel
The European Commission fined top banks including UBS and Unicredit a total of 371 million euros ($452 million) on Thursday for running a bond-trading cartel during the worst years of the eurozone debt crisis.
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Eurozone Given 2 Weeks To Find Coronavirus Response
EU leaders on Thursday gave eurozone finance ministers a fortnight to come up with a stronger response to the economic havoc wrought by the coronavirus pandemic.
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Google Gets EU E-Money Licence in Lithuania Amid Brexit Uncertainty
Lithuania's central bank said Friday it has granted Google a pan-European e-money licence as the Baltic eurozone state seeks to attract firms concerned that Brexit may bar them from the EU market.
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Greece Completes 3-Year Euro Zone Bailout Programme
Greece has successfully exited its final, three-year bailout programme, agreed in August 2015 to help it cope with the continued fallout from a debt crisis.
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Eurozone Unemployment Falls To Nine-Year Low
Unemployment in the eurozone fell in May, data showed on Monday, as joblessness in Europe continued its slow but steady fall towards pre-crisis levels.
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Italy's President Calls In Former IMF Official Amid Political Turmoil
President Sergio Mattarella summoned Carlo Cottarelli to his office after two anti-establishment parties angrily abandoned their plans to form a coalition in the face of a veto from the head of state over their choice of economy minister.
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IMF Chief Christine Lagarde Says Worried About European Elections
Faster US growth and low unemployment could lead to more US interest rate hikes, while inflation in the United States has begun to approach the threshold which would also trigger monetary tightening, she said.
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Cheering Better Growth, ECB Seen Keeping Policy, Stimulus Unchanged
The ECB is all but certain to leave current monetary policy in place and maintain a promise for lengthy stimulus, having extended its bond-buying programme just last month.
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European Union Break-up No Longer Unthinkable: German Vice Chancellor
Germany's insistence on austerity in the Eurozone has left Europe more divided than ever and a break-up of the European Union is no longer inconceivable, German Vice Chancellor Sigmar Gabriel told Der Spiegel magazine.
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Eurozone Entered Into Technical Recession At Start Of 2023: Report
The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed Thursday.
-
EU Fiscal Oversight Of Greece Ends After 12 Years
Greece on Saturday concluded 12 years of European Union fiscal surveillance that was imposed in return for bailouts after a crushing debt crisis.
-
Mario Draghi: Eurozone Saviour Felled By Italy's Fractious Parties
Mario Draghi, credited with helping save the eurozone as head of the European Central Bank, presided over a remarkable period of unity as Italy's premier before falling foul of its notoriously unstable political system.
-
U.S. Recession Fears Darken Outlook For Global Growth
Gauges of factory activity released Thursday in Japan, Britain, the eurozone, and the United States all softened in June.
-
Italy's President Sergio Mattarella Re-Elected, Easing Crisis
Italy's parties Saturday voted overwhelmingly for outgoing President Sergio Mattarella to remain for another term, averting the political chaos a failure to elect his successor could have sparked in the eurozone's third-largest economy.
-
IMF Upgrades Eurozone Growth Rate To 5% From 4.6%
IMF said it now expects growth of five percent for the single currency area, compared to just 4.6 percent in its previous forecast in July.
-
European Union Fines Banks 371 Million Euros Over Bond Trading Cartel
The European Commission fined top banks including UBS and Unicredit a total of 371 million euros ($452 million) on Thursday for running a bond-trading cartel during the worst years of the eurozone debt crisis.
-
Eurozone Given 2 Weeks To Find Coronavirus Response
EU leaders on Thursday gave eurozone finance ministers a fortnight to come up with a stronger response to the economic havoc wrought by the coronavirus pandemic.
-
Google Gets EU E-Money Licence in Lithuania Amid Brexit Uncertainty
Lithuania's central bank said Friday it has granted Google a pan-European e-money licence as the Baltic eurozone state seeks to attract firms concerned that Brexit may bar them from the EU market.
-
Greece Completes 3-Year Euro Zone Bailout Programme
Greece has successfully exited its final, three-year bailout programme, agreed in August 2015 to help it cope with the continued fallout from a debt crisis.
-
Eurozone Unemployment Falls To Nine-Year Low
Unemployment in the eurozone fell in May, data showed on Monday, as joblessness in Europe continued its slow but steady fall towards pre-crisis levels.
-
Italy's President Calls In Former IMF Official Amid Political Turmoil
President Sergio Mattarella summoned Carlo Cottarelli to his office after two anti-establishment parties angrily abandoned their plans to form a coalition in the face of a veto from the head of state over their choice of economy minister.
-
IMF Chief Christine Lagarde Says Worried About European Elections
Faster US growth and low unemployment could lead to more US interest rate hikes, while inflation in the United States has begun to approach the threshold which would also trigger monetary tightening, she said.
-
Cheering Better Growth, ECB Seen Keeping Policy, Stimulus Unchanged
The ECB is all but certain to leave current monetary policy in place and maintain a promise for lengthy stimulus, having extended its bond-buying programme just last month.
-
European Union Break-up No Longer Unthinkable: German Vice Chancellor
Germany's insistence on austerity in the Eurozone has left Europe more divided than ever and a break-up of the European Union is no longer inconceivable, German Vice Chancellor Sigmar Gabriel told Der Spiegel magazine.
