Tag: Euro

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.

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.

European Central Bank

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

Euro

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

eurozone

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.

Le Pen

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.

GettyImages-627220612

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

eu membership

Eurozone Crisis: Germany Pushes to Punish Bankrupt Greece

BRUSSELS (AFP) – Eurozone finance ministers meet Monday as far apart as ever on the debt relief measures demanded by the International Monetary Fund for it to back their bailout programme for Greece.

European

European Stock Market Slumps Amid Islamic Terror Attacks

LONDON, July 21 (Reuters) – European stock markets fell on Thursday, weighed down by a drop in the shares of major airlines after Lufthansa issued a profit warning. The pan-European STOXX 600 index and the similar FTSEurofirst 300 were both

Five Stars movement's leader Beppe Grillo shows a paper reading 'Out of the Euro - 50.000 signatures in a week-end' during a press conference on December 18, 2014 in Rome.

Now Italy’s 5-Star Wants Vote on Euro, Joining Wave of Referendums

Italy‘s anti-establishment 5-Star movement, buoyed by big gains in local elections, has pressed demands for a referendum on whether to keep the euro, something that would add to a wave of plebiscites shaking politics across Europe. The fact that Britain

Reuters/Kacper Pempel

Iran Demands Oil Payments in Euros, Not U.S. Dollars

Iran’s re-entry into the oil market, following the end of sanctions over its nuclear program, will also mark the beginning of a major effort to reduce its dependency on the U.S. dollar. Not only is Iran demanding payment in euros instead of dollars for its new oil contracts, but it also wants the billions owed by its trading partners to be remitted in euros.

eurozone

No Further Eurozone Expansion Seen ‘In Next Few Years’

The eurozone is not expected to welcome any new members in the coming years, as the region’s long crisis seems to have put some countries off, deputy European Commission chief said in a newspaper interview Monday. “No new members are

AP Photo

Short on Money, Greece Brings Back the Barter System

Greeks are getting around what is delicately described as a “liquidity problem”—i.e. no money—by bringing back the barter system. It even has an Information Age twist: a bartering website with its own virtual currency system, and thousands of users.

Greece Facing Uncertain Future After Rejecting EU Proposals

‘No Future’ – Leftist Leader Calls For Greece to Ditch Euro

Greece should abandon the “catastrophic” euro and return to the drachma, the leader of the country’s new breakaway left wing party has said. Panagiotis Lafazanis, who served as Energy Minister until he was sacked by Prime Minister Alexis Tsipras, said

Alexis Tsipras

Greek Prime Minister Alexis Tsipras Resigns

In a televised address to his people, he said he had a moral duty to resign, because he was elected (just over half a year ago!) as a staunch opponent of the austerity measures he now believes it necessary to impose, in order to keep Greece in the Euro and secure its future.

Alexis Tsipras

Tsipras likely to call confidence vote after party revolt

The Greek government appears likely to call a confidence vote following a rebellion among lawmakers from the ruling Syriza party over the country’s new bailout deal, senior ministers said on Monday. Energy Minister Panos Skourletis described such a parliamentary vote