Euro

EU Slashes Forecasts for Economic Growth

European Union officials have slashed their growth forecast for the 19 countries that use the euro, saying even the lower estimate was vulnerable to “large uncertainty” from slowing growth in China and weakening global trade.

Frankfurt

Eurozone Growth Falters Further in 2019

A closely watched survey shows that economic growth across the 19-country eurozone dipped further at the start of 2019 to its lowest level in five-and-a-half years.

The Associated Press

Eurozone Economy Sluggish as Exports Stall

The 19-country eurozone economy lost momentum in September despite a resilient performance by the services sector in Italy, according to a closely watched survey released Wednesday.

ECB stimulus is heading down, although the central bank's chief Mario Draghi is likely to announce it will last for longer.

Merkel’s Germany Pushes for EU-Wide Transactions Tax

FRANKFURT, Germany (AP) – Germany’s finance minister is urging bolder steps to strengthen the euro currency union by setting up a fund to help countries hard hit by unemployment and by laying the foundations of an EU-wide tax system.

A statue holding the symbol of the Euro, the European common currency, stands in front of the European Parliament building on August 16 and 2011 in Brussels, Belgium.

REUTERS: Eurozone Falls in March, Casting Doubt on Growth Outlook

Weakening morale in Germany, declining optimism among manufacturers, and spooked markets have put predictions of strong growth made by the Central European Bank in doubt, wire news service Reuters reports. Of the Eurozone fall, Reuters writes: Economic sentiment in the

European Central Bank

Industrial Input Across Eurozone Economies Fell in June

BRUSSELS (AP) – Official figures show that industrial output across the 19 countries that make up the eurozone fell in June, a development that will likely reinforce concerns about the export-sapping impact of the rising euro. Eurostat said Monday that

Euro

Eurozone Considers Blocking Italy’s Effort to Bail Out Top Bank

BRUSSELS, Jan 12 (Reuters) – Euro zone finance ministers will discuss on Jan. 26 the “compatibility” of Italy’s bailout for bank Monte dei Paschi di Siena with European Union rules, an official in the bloc told Reuters on Thursday.

Headquarters of the Monte Dei Paschi di Siena bank, the world's oldest bank still operating today, in Siena, Tuscany

Le Pen to Push for Frexit if EU Refuses to Return Key Powers

PARIS (AFP) – French far-right leader Marine Le Pen pledged Friday if elected president she would campaign for France to leave the EU if Brussels fails to surrender control over national borders, law-making and economic and monetary policy.

Le Pen

Italian Populists Warn of Rush to Leave the Euro

Eurozone countries will compete to leave the single currency next year and this will lead to the euro collapsing, one of the leading candidates to become Italian Prime Minister has warned. Luigi di Maio, a senior member of the populist Five

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