Eurozone Headlines

  • France and Germany strike deal on draft for eurozone integration

    The eurozone’s two biggest economies, France and Germany, have agreed to set up a common budget for the currency bloc marking a major step towards greater integration.

    The Telegraph
  • Eurozone braces for row with Greece over bailout exit terms

    Concerns likely that country will suffer fourth collapse unless EU writes off some debt Eurozone finance ministers are braced for a row this week with the Greek government over the terms of a “golden goodbye” as the country prepares to exit its third bailout programme. Concerns that Greece will suffer a fourth financial collapse unless an agreement is signed with the EU to write off some of its debt mountain are likely to surface before a showdown in Brussels on Thursday. Continue reading...

    the Guardian
  • Why you shouldn't write off Russia's economy – despite bad relations with the West, it's deceptively resilient

    The US Federal Reserve raised interest rates on Wednesday and, expressing confidence in the world’s largest economy, signalled two more increases before the end of the year.

    The Telegraph
  • Ten years on, how countries that crashed are faring

    A decade of austerity has had a lasting legacy for eurozone members Ireland, Portugal, Greece and Spain Three years after it was saved from bankruptcy in 2010 with a €67.5bn rescue loan, Ireland became the first stricken eurozone state to stand on its own two feet. Continue reading...

    the Guardian
  • Euro slides after ECB says it will end its 2.5 trillion euro bond-buying program

    The European Central Bank said Thursday it will end its bond-buying program in December.  The central bank also said it expects to keep rates unchanged through the summer of 2019. The euro fell 0.73% against the greenback following the announcements. The euro slid versus the dollar Thursday after the European Central Bank said it would end its €2.5 trillion ($3 trillion) bond-buying program at the end of the year and expects to keep rates steady through next summer.  The euro was down 0.78%...

    markets.businessinsider.com
  • The Latest: Euro drops as central bank says stimulus ending

    RIGA, Latvia (AP) - The Latest on the European Central Bank's monetary policy meeting (all times local):3:15 p.m.The euro has dropped sharply after the...

    Mail Online
  • The euro could be nearing a crisis – can it be saved?

    It was supposed to bring shared prosperity, but instead it has slowed growth and sown discord The euro may be approaching another crisis. Italy, the eurozone’s third largest economy, has chosen what can at best be described as a eurosceptic government. This should surprise no one. The backlash in Italy is another predictable (and predicted) episode in the long saga of a poorly designed currency arrangement, in which the dominant power, Germany, impedes the necessary reforms and insists on...

    the Guardian
  • The EU v Italy’s new government: which will blink first?

    Populist parties’ ambitious fiscal plans have put them on a collision course with Brussels The majority of Italians want two things: new political leadership and the euro. The question is whether they can have both. The point about new leadership is uncontroversial. The country’s two ruling populist parties, the League and the Five Star Movement (M5S), together commanded 50% of the vote in the 4 March general election, and, as a result, have majorities in both houses of parliament. Their...

    the Guardian
  • Italy's new government insists it wants to stick with the euro

    Italy has no intention of abandoning the euro, the country’s new economy minister said, despite both parties in the coalition having toyed with the idea.

    The Telegraph
  • House of Fraser to shut half its stores, costing up to 6,000 jobs

    All the day’s economic and financial news, as House of Fraser announces plans to shut 31 department stores and lay off thousands of staffLatest: House of Fraser to shut 31 storesList: These stores will closeChairman: We need to do this to surviveEarlier:German factory orders fell 2.5% in AprilEconomists: It’s a bad sign 9.05am BST Back to House of Fraser.... and ITV News’ Joel Hills reports that some landlords will oppose the plan to shut 31 stores.Not so long ago House of Fraser was busy...

    the Guardian
  • Fears debt crisis could spread through emerging economies

    A crisis that has hit some emerging markets risks spreading through the world economy, according to a global investment trade body.

    The Telegraph