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eurozone

Financial Government International 

Top EU Court Tosses Lawyer’s Challenge to Cyprus Bailout

December 16, 2020December 16, 2020 MOLLY QUELL
Bailout, banking, European Court of Justice, European Union, eurozone

A Cypriot lawyer with ties to the Trump administration lost his final appeal before the EU’s high court Wednesday in a dispute over money lost during the last financial crisis.

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Financial Government International 

Europe’s Central Bank Moves Toward Introducing Digital Euro

October 2, 2020October 2, 2020 ASSOCIATED PRESS
European Central Bank, eurozone

With consumers increasingly using cashless ways to buy things, the European Central Bank on Friday took a step closer to issuing a digital version of the euro currency shared by 19 countries, saying it had to be ready to launch digital money if a changing world requires it.

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Business Financial Government International 

EU Magistrate Pushes Back on Cashless Payment Rules

September 29, 2020September 29, 2020 MOLLY QUELL
currency, European Court of Justice, eurozone

Businesses in the European Union should accept cash, but countries are allowed to place their own restrictions on currency usage, an adviser to the EU’s high court said Tuesday.

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Financial Government International 

Magistrate Says EU Courts Can’t Hear Cases Against Group of Finance Ministers

May 28, 2020May 29, 2020 MOLLY QUELL
banking, EU, European Court of Justice, eurozone, jurisdiction

The Eurogroup, an informal group of finance ministers in the eurozone, isn’t an official institution of the European Union and therefore can’t be held liable for financial losses, an adviser to the EU’s top court found Thursday.

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Economy Financial Government International 

Europe Seeks to Ward Off Recession From Deadly Virus

March 12, 2020March 12, 2020 CAIN BURDEAU
coronavirus, diseases, EU, European Central Bank, eurozone, Stocks

Besides the danger of killing many more people across Europe, the novel coronavirus outbreak is threatening to bring about a global recession that could hit the continent hard with falling demand for its exports, a dearth of tourists and a rash of bankruptcies and layoffs.

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Economy International 

EU Jobless Rate Takes Surprise Dip to 20-Year Low

September 30, 2019September 30, 2019 WILLIAM DOTINGA
European Union, Eurostat, eurozone, Unemployment

The unemployment rate across the European Union ticked down a tenth of a point to 6.2% in August, the lowest since the EU statistics office started generating monthly reports in January 2000.

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Education International 

European Central Bank Unveils ‘Big Bang’ Stimulus

September 12, 2019 AGENCE FRANCE-PRESSE
EU, eurozone, Inflation

European Central Bank chief Mario Draghi urged eurozone governments to spend more Thursday, while the Frankfurt institution launched new “big bang” interventions to prop up the economy as the outlook darkens.

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Economy Financial International 

European Incomes and Household Spending Up in 2019

July 26, 2019July 26, 2019 WILLIAM DOTINGA
consumer spending, European Union, Eurostat, eurozone, incomes

For much of the year, experts have been warning a global economic slowdown is on the way – with some even using the R-word. Europeans don’t seem worried about recession, with household income and consumption both up in the first quarter of 2019.

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Business Consumers Economy International 

Eurozone Economy Seen Slowing Through to 2020

November 8, 2018 ASSOCIATED PRESS
eurozone

Economic growth across the 19-country eurozone is set to slow down further in coming years and become increasingly reliant on domestic factors like consumer spending, the European Union said Thursday.

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Business Consumers Economy Financial International 

Eurozone Inflation Near 6-Year High as Oil Price Spikes

October 31, 2018October 31, 2018 ASSOCIATED PRESS
eurozone, Inflation, oil

Consumer prices across the 19-country eurozone rose at their fastest rate in nearly six years in October, largely on the back of higher energy costs, official figures showed Wednesday.

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Economy International 

EU Unemployment Rate Hits 10-Year Low

July 31, 2018 WILLIAM DOTINGA
European Union, Eurostat, eurozone, Unemployment

The European Union’s jobless rate held steady at 6.9 percent in June, the lowest rate recorded since the start of the Great Recession in 2008, the EU statistics agency Eurostat reported Tuesday.

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Economy International 

EU April Retail Sales

June 5, 2018June 5, 2018 BRIEF
European Union, Eurostat, eurozone, retail

Retail sales in the 19-state eurozone crept up a tepid 0.1 percent in April while the full European Union saw a more robust rise of 0.4 percent, Eurostat reported Tuesday.

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Economy International 

After a Rough Decade, EU Jobless Rate Stable at Last

May 2, 2018 WILLIAM DOTINGA
European Union, Eurostat, eurozone, Unemployment

After years of slow but steady improvement following the 2008 global financial meltdown, Europe’s economy appears to be stabilizing, at least on one front: the unemployment rate in the 28-state European Union held steady in March at 7.1 percent.

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Economy Government International 

Eurozone Inflation Falls Despite Buoyant Economy

January 31, 2018 ASSOCIATED PRESS
eurozone, Inflation

The eurozone economy may be enjoying its best growth in a decade and seeing unemployment drop sharply, but there are few signs that is fueling the inflation that the European Central Bank is looking for.

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Business Economy Government International Politics 

Eurozone Economy Enjoys Best Year in a Decade

January 30, 2018February 5, 2018 ASSOCIATED PRESS
currency, Debt, eurozone

The eurozone economy, for so long a source of uncertainty, has enjoyed its best year in a decade, clear evidence it has broken out of the prolonged debt crisis that raised fears about the very survival of the euro currency.

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Economy International 

EU Retail Sales

January 8, 2018 BRIEF
European Union, Eurostat, eurozone, retail

Retail sales in the European Union rose 1.5 percent in November on strong turnover in the non-food and food, drink and tobacco sectors, the EU’s statistics agency Eurostat reported Monday.

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Economy International 

Eurozone Inflation Falls Despite Thriving Economy

January 5, 2018 ASSOCIATED PRESS
eurozone, Inflation

Inflation across the 19-country eurozone remains stubbornly low even though the economic recovery across the single currency bloc appears to be gaining more and more momentum.

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Economy International 

EU Unemployment

November 30, 2017 BRIEF
European Union, Eurostat, eurozone, Unemployment

The European Union’s jobless rate ticked down slightly in October to 7.4 percent, while the 19-state eurozone saw a similar drop to 8.8 percent – both the lowest since early 2009, Eurostat reported Thursday.

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Economy International 

EU August Retail

October 4, 2017 BRIEF
European Union, Eurostat, eurozone, retail

Retail sales in the 19-state eurozone fell 0.5 percent in August and was flat in the full European Union, the EU statistics agency Eurostat reported Wednesday.

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Economy International 

EU Jobless Rate Steady While Energy Prices Spark Inflation

August 31, 2017 WILLIAM DOTINGA
European Union, Eurostat, eurozone, Inflation, Unemployment

The European Union’s statistics agency said Thursday that the jobless rate held steady in June, but its estimate of annual inflation for the 19-stat eurozone will tick up slightly in August.

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