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Eurozone News

Eurozone growth slows sharply in first quarter: EU

Apo - Growth in the eurozone slowed in the first quarter this year, data showed Wednesday, adding to fears that the recovery in Europe was losing steam.

EU says 'decision time' for stalled eurozone reforms

Sofia - A top EU official on Friday urged member states to paper over differences and commit to eurozone reforms that have been stalled amid deep splits between France and Germany.

ECB keeps massive stimulus in place as trade headwinds rise

Frankfurt Am Main - European Central Bank chief Mario Draghi warned Thursday of storm clouds on the horizon for the eurozone as fears mount of a global trade war, prompting the bank to keep its massive stimulus scheme in place.

Macron, Merkel differ on fiscal policy in EU reform push

Berlin - German Chancellor Angela Merkel and French President Emmanuel Macron on Thursday stressed their common will to reform the EU, but without bridging their fundamental differences on economic and fiscal policy.

ECB looks to top court for ruling on Latvia bank chief

Frankfurt Am Main - The European Central Bank said Friday it had asked the EU's top court to rule on Latvian authorities' treatment of the country's central bank chief -- a member of its governing council -- over graft allegations.

Bank of France urges end to euro reform 'trench warfare'

Frankfurt Am Main - Eurozone leaders must end "trench warfare" between creditor and debtor countries and tackle tricky reforms, the governor of the Bank of France said Wednesday, offering ways to shake up long-paralysed debates.

ECB chief hits elusive inflation target in own pay packet

Frankfurt Am Main - As European Central Bank President Mario Draghi battles to bring inflation towards 2.0 percent, the institution's annual report showed Thursday his target was met in at least one place last year -- his pay packet.

Smooth-talking Draghi hopes to fend off currency war

Frankfurt Am Main - A euro at three-year highs against the dollar will have financial markets hanging on European Central Bank president Mario Draghi's every word on Thursday, putting pressure on him to play down talk of reducing stimulus to the eurozone economy.

Greece gets fresh cash on road to leaving bailout

Brussels - Eurozone finance ministers approved a fresh cash injection for Greece on Monday to put the country on the road to finally leaving its long and painful bailout programme later this year.

Greece gets fresh cash on road to leaving bailout

Brussels - Eurozone finance ministers approved a fresh cash injection for Greece on Monday to put the country on the road to finally leaving its long and painful bailout programme later this year.The 6.

Eurozone to reward Greece for controversial reforms: sources

Brussels - Greece on Friday won a green light for more bailout cash from its eurozone creditors after pushing through a wave of controversial reforms that drew angry strikes and protests earlier this week.

New Eurogroup chief promises reform plan by June

Frankfurt Am Main - The Eurogroup must negotiate quickly on eurozone reform to be ready for action to shore up the single currency area by June, the new head of the finance ministers' grouping said Wednesday.

Economists call for overhaul of eurozone fiscal rules

Paris - Leading economists from France and Germany on Wednesday called for new fiscal rules for the eurozone and the creation of an independent watchdog to help to make the single currency more resilient against crises in the future.

In ECB's 2020 vision, inflation goal elusive

Frankfurt Am Main - The European Central Bank upgraded its growth and inflation forecasts for the coming years Thursday but stood by its massive support to the economy, with President Mario Draghi saying it won't reach its cherished price growth target by 2020.

ECB to play up eurozone strength at steady-as-she-goes meeting

Berlin - The European Central Bank will highlight economic strength in the eurozone in new forecasts Thursday, analysts expect, while avoiding spooking markets with talk of further cuts to its massive support for the economy.

Brussels defends eurozone overhaul despite divided EU

Brussels - The European Commission unveiled its vision of a rebooted eurozone on Wednesday, including the creation of a European version of the IMF, but stepped back from its more ambitious ideas amid misgivings from powerful Germany.

Brussels to unveil eurozone reform vision despite doubts

Brussels - The European Commission will unveil a raft of ideas to reform the eurozone on Wednesday, despite the resistance of powerful Germany, which remains without a government.

Battle to lead Eurogroup reaches climax

Brussels - Eurozone finance ministers pick the replacement for Eurogroup chief Jeroen Dijsselbloem on Monday, with four countries led by Portugal battling for the challenge of guiding the eurozone currency bloc through much needed reforms.

Last tango for Eurogroup chief Dijsselbloem

Brussels - Jeroen Dijsselbloem, who steps down as chair of the Eurogroup on Monday, rose from obscurity to become an unflappable dealmaker who helped guide Europe through the worst of the Greek debt crisis.

Race to head Eurogroup heats up

Brussels - Negotiations are heating up ten days ahead of the election of a new president of the Eurogroup, whose job will be to shepherd major reforms to the eurozone currency bloc.

German crisis 'can't stop' euro reforms: commissioner

Brussels - Germany's political crisis "cannot stop our work" and the EU will push ahead with plans to reform the euro after Brexit, the European Commission's euro chief vowed in an interview on Tuesday.

Britain frozen out as EU finance chiefs plot future

Brussels - European Union finance ministers meet without Britain in Brussels on Monday to try to iron out their differences on plans to reform the euro in the wake of the shock Brexit vote.

Eurogroup head Dijsselbloem to step down in January

Luxembourg - Dutch Finance Minister Jeroen Dijsselbloem said Monday he will step down as head of the Eurogroup in January, leaving vacant one of the most influential jobs in the eurozone at a key moment.

Personalised banknotes for Schaeuble's farewell party

Luxembourg - Eurozone finance ministers deluged German Finance Minister Wolfgang Schaeuble with farewell gifts on Monday as the man who inspired Europe's austerity answer to the debt crisis attended his last meeting with them.

Draghi to calm waters ahead of easy-money exit

Frankfurt Am Main - European Central Bank chief Mario Draghi will carefully prepare markets for a long-awaited end to the institution's easy-money policy Thursday, analysts expect, but stop short of calling time immediately.

Merkel ready to consider Macron eurozone reform ideas

Berlin - German Chancellor Angela Merkel said Tuesday she was prepared to consider proposals by new French President Emmanuel Macron for a shake-up of the eurozone.

Brussels maps out more unified eurozone

Brussels - Encouraged by the victory of French President Emmanuel Macron, the EU on Wednesday unveiled a raft of controversial ideas for improving the often dysfunctional European single currency.

Eurozone fails to reach Greece debt deal amid IMF row

Brussels - Eurozone finance ministers failed to reach a deal for fresh bailout cash for Greece on Monday, as a row with the International Monetary Fund over debt relief dragged on.

Le Pen plan to jettison euro spooks French business

Paris - The euro -- and her fervent wish to withdraw from it -- is a central theme of every stump speech by French far-right presidential candidate Marine Le Pen, topping her list of 144 election pledges.

Eurogroup chief regrets drinks remarks but won't quit

Brussels - Eurogroup chief Jeroen Dijsselbloem on Wednesday expressed "regret" over his comments that southern European countries blew their money on "drinks and women" but rejected calls to resign.
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Prolonged economic weakness  brought on by a U.S. default on its obligations would result in negativ...
Prolonged economic weakness, brought on by a U.S. default on its obligations would result in negative implications for the global economy.
Madhu babu pandi
Eurozone is lost in translation as EU collapses
Eurozone is lost in translation as EU collapses
Trade unions in Belgium believe the Eurobonds can bring relief to the troubled Euro.
Trade unions in Belgium believe the Eurobonds can bring relief to the troubled Euro.
President Barack Obama following the US-EU Summit in Washington  November 2011
President Barack Obama following the US-EU Summit in Washington, November 2011
whitehouse.gov

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