Euro Zone

Euro zone in double-dip recession but optimism soared in Feb -PMI

The euro zone economy is almost certainly in a double-dip recession as pandemic-linked lockdowns continue to hammer the services industry, a survey showed on Wednesday, but hopes for a wider…

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Euro zone mulls stimulus calibration when economy restarts after COVID

BRUSSELS, Feb 15 (Reuters) - Euro zone finance ministers are holding initial talks on Monday on when and how the expected pick up in economic activity, and the lifting of…

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Euro zone recovery delayed, to gather pace from mid-year – Lagarde

FRANKFURT, Feb 7 (Reuters) - Europe's recovery from a recession induced by the COVID-19 pandemic has been somewhat delayed but should pick up pace from mid-year, European Central Bank President…

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Euro zone contraction deeper than thought in Dec as lockdowns bite -PMI

Economic activity in the euro zone contracted more sharply than previously thought at the end of 2020 and could get worse as renewed lockdown restrictions imposed to contain the coronavirus…

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Euro zone business activity shrank sharply in November

Euro zone business activity contracted sharply last month as governments across the bloc reimposed strict lockdown measures to try to quell a second wave of coronavirus infections, a survey showed…

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Euro zone economy to gain momentum in 2021 on vaccine hopes

The euro zone economy will contract again this quarter as renewed lockdown measures stifle activity, according to a Reuters poll which showed the bloc's GDP would then return to pre-crisis…

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Euro zone producer prices up in October, unemployment falls

Euro zone producer prices rose more than expected month-on-month in October and unemployment fell as the economy continued to recover before the second wave of the COVID-19 pandemic struck, data…

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Euro zone industry output unexpectedly slips in September

Euro zone industrial production unexpectedly declined in September, driven chiefly by a sharp fall in the output of durable consumer goods, sounding a negative note to a quarter that had…

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Euro zone factory activity boomed in October as Germany roared

Manufacturing growth in the euro zone soared in October but the recovery from severely depressed activity at the height of the coronavirus pandemic was again mostly driven by a buoyant…

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Euro zone economic recovery in danger as COVID-19 resurgence hits service industries

The euro zone's economic recovery faltered in September with growing evidence sectors and countries in the bloc are diverging as a resurgence of the coronavirus forces the reimposition of restrictions…

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Euro zone investor morale improves for fifth month in September – Sentix

Investor morale in the euro zone rose for a fifth consecutive month in September to reach its highest level since February, a survey showed on Monday, signalling hope that a…

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Euro zone urged to strengthen domestic demand

The euro zone needs to strengthen domestic demand, including via greater public investment, if it is to withstand weakness abroad, the European Central Bank’s new President Christine Lagarde said on…

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Euro zone business growth grinds to a halt as services struggle

Euro zone business growth almost ground to a halt this month as activity in the bloc’s dominant services industry increased at a much weaker pace than expected and among manufacturers…

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EU countries should admit that the euro was a strategic error – Hungary’s National Bank governor

European Union member states, both in and outside the euro zone, should admit that the euro has been a "strategic error", the Governor of the National Bank of Hungary (NBH) Gyorgy…

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Euro zone economic sentiment worsens as gloom spreads to services

Euro zone economic sentiment deteriorated in October for a second straight month, data showed on Wednesday, as pessimism in industry spread to services and consumers in a bad sign for…

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Euro zone remains at risk – IMF

The euro zone remains at risk of being hit by debt-crisis-style country-specific shocks, the head of the International Monetary Fund’s European department said on Friday. “Risk to the euro area’s…

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EU set to revise down Eurozone growth forecasts

The Financial Times reports that economic forecasts from Brussels will are expected to highlight some of the difficulties EU countries face in terms of economic prospects. The European Commission is poised to…

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UniCredit risks EU antitrust fine

UniCredit is one of eight European banks that risk being fined by the European Commission for allegedly breaching EU competition rules, the Italian lender has said. The company said in…

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One euro zone bank falls short of ECB capital requirements

An ECB presentation showed on Monday that one euro zone bank is falling short of the European Central Bank's capital requirements for 2019, meaning it will face restrictions on how…

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Greece tries to confront banking crisis

Germany’s international broadcaster Deutsche Welle (DW) takes an in-depth at the banking crisis afflicting Greece after eight exhausting years of financial crisis and the scandals that accompany it. Greek banks…

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Italy should ‘calm down with the tone and re-establish trust in Euro – Mario Draghi

Italy should “calm down with the tone” and re-establish trust in the euro to quiet down the markets, European Central Bank’s President Mario Draghi said today. Draghi, speaking at a…

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Oil Prices push Eurozone inflation

Financial Times: The surge in the price of oil has pushed eurozone inflation above the European Central Bank’s target, but policymakers in Frankfurt are expected to ignore the rise as broader…

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Sunday Morning Review

Good morning, Today's morning brief is mainly focused on the latest developments at international level, especially in view of the chaotic situation after the G7 meeting. The underlying currents, the…

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