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Eurozone News

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.
In the Media by AFP

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.
In the Media by AFP

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.
In the Media by AFP

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.
In the Media by AFP

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.
In the Media by AFP

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.
In the Media by Simon Morgan (AFP)

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.
In the Media by AFP

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.
In the Media by Simon Morgan (AFP)

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."
In the Media by AFP

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...
In the Media by AFP
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