Tag: Eurozone

German Interior Minister Horst Seehofer (L) talks with Chancellor Angela Merkel as they arrive for a family picture before a French-German ministerial conference to coordinate European reform proposals ahead of EU summit on June 28-29, 2018 on June 19, 2018, at the Meseberg Palace, northeastern Germany. - German Chancellor Angela …

Amid Fractious Coalition, Merkel Deputy Resists Eurozone Joint Budget Plan

BERLIN (AP) – Chancellor Angela Merkel’s Bavarian allies responded skeptically Wednesday to the German leader’s agreement to a future eurozone budget, adding to a conflict over migration that has shaken the government. Bavaria’s Christian Social Union party is locked in

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

bailout

Greece Says New Bailout Terms Agreed with Lenders

ATHENS, Greece (AP) – Greek government officials said Tuesday they have reached an agreement with its creditors on the terms to restart bailout loan payouts, following months of tough negotiations.

Marine Le Pen

Brussels Fears EU Will Not Survive a Marine Le Pen Victory in France

Top eurocrats fear that should Marine Le Pen win the French presidency, the European Union will not survive. “From the [European] Commission’s point of view, success for Marine Le Pen is a disaster and an existential threat to the European

Greece

Eurozone Finance Ministers Meet To Decide Fate of Greece

BRUSSELS (AP) — The eurozone’s 19 finance ministers will try to defuse the risk of another Greek crisis when they meet later in Brussels. Greece remains dependent on bailout loans from its partners in the eurozone to pay its debts.

Greece

Repot: Greece Risking ‘Harsh’ New Bailout in 2018

ATHENS, Greece (AP) — An independent Greek parliamentary report has warned that Greece faces an increased risk of a fourth bailout – or even a default – if delays in negotiations with bailout lenders are not overcome in the next few weeks.

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.

eurozone

France’s Central Bank Blames Brexit For Poor Growth

PARIS (AFP) – France’s central bank Friday trimmed its growth forecasts for 2016 to 2018 citing a worsening of the global economy and Brexit, while Germany’s Bundesbank lifted its outlook.

petition

Eurozone Growth ‘Losing Momentum’

LONDON (AP) — A closely watched survey shows that the economy of the 19-country eurozone lost momentum in September as businesses fretted over the potential impact of a series of political uncertainties. Financial information company Markit said Wednesday that its

French Prime Minister Manuel Valls speaks during a press conference at the Auckland museum on May 2, 2016 in Auckland, New Zealand.

France Ponders Ripping Up EU Budget Rules

Nobody yet knows the winner of France’s presidential election next year, but the smart money is on one loser: The three-percent cap on government deficits enshrined in eurozone rules.

The new 50 EURO banknote is presented at the European Central Bank, ECB in Frankfurt/Main, Germany, on July 5, 2016. / AFP / DANIEL ROLAND (Photo credit should read DANIEL ROLAND/AFP/Getty Images)

Analysts Fear Looming Italian Bank Failure

As if the immigration crisis and ever more strained relationship with Brussels weren’t enough, now Italians have to face the specter of a major bank failure that analysts say could utterly cripple Italy’s financial structure.

France

Juncker’s Remarks On France Damage Credibility Of Commission – Dijsselbloem

BERLIN (Reuters) – Eurogroup president Jeroen Dijsselbloem (pictured above) has criticised European Commission President Jean-Claude Juncker for saying that the European Commission has given France leeway on fiscal rules “because it is France”. “If the Commission President says that things

Leave

Are We British Or Are We EUropean? A Case For Brexit

A vote to Leave the European Union (EU) is about more than immigration or the economy, but independence.  The alternative — a vote to Remain — is not a vote for the status quo, but eventual integration into a European Superstate.

German-Greek-Bailout

German Government Blocks Greek Bailout in Fear of Populist AfD Party

The German government is blocking a Greek bailout in fear of being democratically replaced by the populist, Eurosceptic Alternative for Germany (AfD) Party. In “AfD is the major hurdle in the Greek bailout”, Die Welt’s deputy economics editor, Jan Dams, has

Greece was paralysed at the weekend by a strike to protest government plans to overhaul pensions and increase taxes as demanded by its international creditors

Crunch Eurozone Talks On Greece Debt Deal

Eurozone finance ministers hold an emergency meeting on Monday to try to thrash out a difficult deal on fresh reforms for Greece as fears grow of a repeat of last year’s chaotic bailout negotiations.

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European Ministers Lay Out Explicit Plan to Create United States of Europe

European ministers have explicitly laid out their intentions to create a federal Unites States of Europe, directly contradicting the British Prime Minister, David Cameron’s claims that Britain will not be sucked into a European superstate should the people of Britain

Greece

Eurozone Ministers Seek To End Greece Bailout Row

(AFP) – Eurozone finance ministers met Monday to defuse a bitter rift between top EU and IMF officials over how strictly to hold Greece to the ambitious reform commitments made as part of its bailout. The eurozone 19 ministers are