Top EU Court Tosses Lawyer’s Challenge to Cyprus Bailout
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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eurozone
Europe’s Central Bank Moves Toward Introducing Digital Euro
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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EU Magistrate Pushes Back on Cashless Payment Rules
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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Magistrate Says EU Courts Can’t Hear Cases Against Group of Finance Ministers
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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Europe Seeks to Ward Off Recession From Deadly Virus
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.
Read moreEU Jobless Rate Takes Surprise Dip to 20-Year Low
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.
Read moreEuropean Central Bank Unveils ‘Big Bang’ Stimulus
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.
Read moreEuropean Incomes and Household Spending Up in 2019
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.
Read moreEurozone Economy Seen Slowing Through to 2020
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.
Read moreEurozone Inflation Near 6-Year High as Oil Price Spikes
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.
Read moreEU Unemployment Rate Hits 10-Year Low
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.
Read moreAfter a Rough Decade, EU Jobless Rate Stable at Last
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.
Read moreEurozone Inflation Falls Despite Buoyant Economy
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.
Read moreEurozone Economy Enjoys Best Year in a Decade
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.
Read moreEU Retail Sales
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.
Read moreEurozone Inflation Falls Despite Thriving Economy
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.
Read moreEU August 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.
Read moreEU Jobless Rate Steady While Energy Prices Spark Inflation
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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