Eurozone

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

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.

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.

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

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.