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Eurozone News

ECB fires off volley of anti-deflation shots

Frankfurt - The European Central Bank rolled out Thursday an unprecedented package of measures, including negative interest rates, in its fight to head off the spectre of deflation in the euro area.

Berlusconi issues stark warning over eurozone's future

London - Former Italian prime minister Silvio Berlusconi warned the euro currency could fail without a radical shake-up of the European Union.

ECB to hold fire on rates but could move soon

Brussels - The European Central Bank will keep its gunpowder dry at its monthly meeting Thursday, but could pave the way to act soon if deflationary dangers persist, analysts said.

European Parliament approves 'banking union' reforms

Strasbourg - The European Parliament approved on Tuesday the last elements of a new set of rules to prevent failing banks from ever again driving EU member states into bankruptcy.

Eurozone industrial output edges up in February

Brussels - Eurozone industrial output edged higher in February, official data showed Monday, in line with recent data showing a very modest economic recovery in the single currency bloc.

U.S. warns eurozone over deflation risk

Washington - U.S. Treasury Secretary Jacob Lew warned the eurozone Wednesday to pay heed to the risk of deflation, adding pressure on European authorities and the European Central Bank to boost growth.

ECB holds key rate steady at 0.25% 

Frankfurt - The European Central Bank held its key interest rates steady as widely expected on Thursday. The ECB left its central "refi" or refinancing rate unchanged at 0.25 percent at its monthly policy meeting, it said in a statement.

Pace of French deficit reduction to be discussed with EU: minister

Paris - France's new Finance Minister Michel Sapin said on Thursday the "pace" of the country's deficit reduction would be discussed with the European Union.

ECB to hold fire on rates despite slow inflation, analysts say

Frankfurt - The European Central Bank is not expected to cut its key interest rates on Thursday, even though inflation in the euro area slowed sharply last month, analysts said.

Eurozone unemployment rate dips below 12% in February

Brussels - The Eurozone unemployment rate dipped to 11.9 percent in February, according to official data on Tuesday which also slightly revised the rates for recent months.There were about 18.

ECB to hold fire on rates despite slow inflation

Frankfurt - The European Central Bank is not expected to cut its key interest rates this week, even though inflation in the euro area continues to slow, analysts said. The ECB has held eurozone borrowing costs at their current all-time lows since November.

ECB ready to fight deflation with 'nonstandard measures'

Bratislava - The European Central Bank is prepared to combat deflationary risks threatening the recovery in the eurozone, Slovak central bank chief and ECB Governing Council member Josef Makuch said Tuesday."

Eurozone current account surplus grows: ECB

Berlin - The eurozone's current account surplus grew to 25.3 billion euros ($35 billion) in January, European Central Bank data showed Friday, incorporating new eurozone member Latvia for the first time.The monthly figure compared to a surplus of 20 billion eur...

European parliament, EU states reach deal on banking union: MEPs

Brussels - EU member states and the European Parliament reached an accord Thursday on a new regulatory system designed to prevent a failing bank from wrecking the economy.Parliament had opposed an agreement reached in December by EU leaders on how to close down a...

Germany's top court clears euro bailout fund

Karlsruhe - Germany's highest court on Tuesday ruled once and for all that the European bailout fund is in line with the country's constitution, throwing out a raft of objections by eurosceptics.Confirming a preliminary ruling from September 2012, the Federal Cons...

ECB on defensive over rates status quo

Frankfurt - The European Central Bank appears to be increasingly on the defensive, stepping up efforts this week to counter criticism of complacency after it held interest rates steady again this month.A whole range of top ECB officials -- from president Mario Dra...

Eurozone industrial output falls in January: Eurostat

Brussels - Eurozone industrial output continued weaker in January, official data showed on Wednesday, but the underlying trend appears consistent with a very modest economic recovery in the single-currency bloc.Industrial output in the 18-nation eurozone fell 0.2...

ECB 'not complacent about low inflation': board member

Frankfurt - The European Central Bank is not being complacent about low eurozone inflation, even though it did not cut interest rates this month, one of its a board members said on Tuesday."We have room left to act.

ECB holds key rate steady at 0.25%

Frankfurt - The European Central Bank held its key interest rates steady as largely expected on Thursday.

Close call on ECB rate cut, analysts predict

Frankfurt - The European Central Bank is unlikely to cut key interest rates on Thursday, following better-than-expected data in the last few days, but the decision will be a close call, analysts said.

Eurozone posts strongest business activity in 2.5 years

Brussels - Business activity in the 18-nation eurozone powered to its strongest growth in 2.5 years, a key survey showed on Wednesday, in a fresh sign that the bloc is pulling out of a crippling downturn.Markit Economics said its Eurozone Composite Purchasing Man...

Eurozone recovery accelerates with 0.3% growth in fourth quarter

Brussels - Eurozone growth accelerated to 0.3 percent in the fourth quarter of 2013, enough of an improvement on 0.1 percent in the previous quarter to suggest that modest recovery remains on track, the EU's data agency said.In its final figures for October to De...

IMF chief warns of low inflation menace to eurozone

Madrid - IMF chief Christine Lagarde urged the eurozone on Monday to fight persistently low inflation, warning that it presents a looming threat to economic recovery in the region.Key risks menace the 18-nation eurozone even as it emerges from recession, the In...

Franco-German thinkers offer Euro-treaty alternative

Do intellectuals matter in politics? With the exception of a European banking union, first sketched in 2009 by Nicolas Veron of the Bruegel think-tank and Adam Posen of the Peterson Institute for International Economics

Eurozone jobless, inflation rates steady

Brussels - The eurozone unemployment rate was steady at a near-record 12 percent in January, with a modest economic recovery yet to produce any sharp headline improvement, while February inflation was also flat, data showed on Friday.The official figures suggest ...

Euro zone inflation stabilizes in 'danger zone'

Euro zone inflation stabilized in the European Central Bank's "danger zone" in February but did not fall as expected, making it less likely the ECB will loosen monetary policy further at its monthly...

No deflation in eurozone: ECB chief Draghi

Frankfurt - Inflation in the eurozone is currently very low but there is no danger of deflation -- a widespread fall in prices -- European Central Bank chief Mario Draghi said Thursday."At this point in time, we do not have evidence of consumers postponing expendi...

Euro zone lending contraction compounds ECB headache

Lending to households and firms in the euro zone fell again in January and money supply growth remained subdued, adding to pressure on the European Central Bank to take action next week to support the e...

EU upgrades growth forecasts, sees recovery gaining ground

Brussels - The European Union upgraded its economic forecasts Tuesday, betting that a modest recovery is now sustainable as member states push ahead with reforms.The 18-nation eurozone should grow 1.2 percent this year and 1.8 percent in 2015, up from previous es...

Italy and France to lag Germany in euro zone recovery

Germany is set to accelerate away from France and Italy in 2014 as the fragmented euro zone economy gradually recovers from its worst crisis, the European Commission said on Tuesday. ...
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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
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President Barack Obama following the US-EU Summit in Washington  November 2011
President Barack Obama following the US-EU Summit in Washington, November 2011
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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.
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Eurozone is lost in translation as EU collapses
Eurozone is lost in translation as EU collapses
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