Eurozone

Netherlands will support loans from EU funds for short-term medical costs but not economic-recovery measures

The Dutch Finance Minister Wopke Hoekstra said the Dutch government supports easy loans from a European fund for governments to cover short-term medical costs but not economic-recovery measures. Speaking ahead…

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Consumers and businesses set to save money thanks to new EU cross-border payments rules

As of Monday, consumers and businesses in non-eurozone Member States will enjoy cheaper cross-border payments in euro. New EU rules will ensure that all cross-border payments in euro in non-eurozone…

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Italy’s Euro Zone membership is irreversible – Matteo Salvini

Matteo Salvini said on Monday that the euro was here to stay and he hoped that nobody in his far-right, eurosceptic party would ever again raise doubts over Italy's membership…

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No sign of euro zone crisis due to political turmoil in Italy

Olaf Scholz , the German Finance Minister, said that there is no sign of a looming euro zone crisis due to political upheaval in Italy. Asked on Wednesday morning if…

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Gloomy outlook for Euro zone business growth

Euro zone business growth was weaker than expected in July, hampered by a deepening contraction in manufacturing, and forward-looking indicators in surveys published on Wednesday suggest conditions will get worse…

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Eurozone Ministers welcome Croatia’s formal bid to join the Euro

The prospects for Croatia’s participation in the European Exchange Rate Mechanism (ERM II) were discussed in Brussels by the Eurozone finance ministers on 9 July, all of whom welcomed Zagreb’s formal bid to…

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Midday Corporate Dispatch – Financial and Corporate News

Eurozone wage growth accelerated at its fastest pace in a decade in the first quarter, underpinning the region’s economic expansion even as the export-led manufacturing sector suffers amid weakening global…

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EU finance ministers fail to agree on euro zone budget

European Union finance ministers failed to agree in overnight talks on some of the key features of a future euro zone budget and decided to continue discussions in the coming…

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Eurozone inflation rate in April beats forecasts

Euro zone inflation surged beyond expectations during the month of April, bring slight relief for the European Central Bank (ECB). Much of the surge was likely related to seasonal effects…

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Italy emerges from recession as Eurozone registered stronger-than-expected recovery

Italy's economy has emerged from recession as the eurozone enjoyed a stronger-than-expected recovery during the first quarter. The Telegraph reports that the worst of the eurozone’s economic slump may be over as…

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EU to add Bermuda to tax haven list

European Union finance ministers are set to add the British overseas territory of Bermuda to the bloc's blacklist of tax havens on Tuesday. But Reuters reports that Italy is objecting…

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Corporate Dispatch Europe Explained – The Week Ahead

A quick glance at the main forthcoming events in the European Union including EU Council, Commission and Parliament meetings and other EU-related conferences and events. Events for the week…

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Marked slowdown in eurozone growth says ECB chief

Countries with high public debt like Italy should increase their efforts to cut it, European Central Bank Governor Mario Draghi. Italy has the highest debt in the eurozone after Greece,…

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German public sector workers secure substantial pay rise

Germany’s public sector workers have secured a substantial pay rise that many expect that it will spur consumer spending and buoy growth. The Financial Times reports that the rise, spread…

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Germany and France seek revival of EU financial transaction tax

Germany and France will on Monday seek to revive the long-delayed EU financial transaction tax by proposing that member states be allowed to use the revenues to reduce their EU…

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Italy is setting itself up for a monumental fiscal failure (FT)

The short history of the eurozone has taught us that resistance is futile. You cannot extricate yourself from its rules, to which all member states have agreed. Unless the Italian…

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Italy’s budget standoff (Updated)

Update: Brussels has reprimanded Italy’s populist government for breaking EU deficit rules in its first budget, putting the European Commission on course for an unprecedented rejection of a eurozone member’s…

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Moody’s plays down fears for eurozone stability stemming from Italy

International ratings agency Moody's said in comments released for publication late on Monday that it would provide an updated decision on Italy's credit rating by the end of October, with any…

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Italy urged to respect EU spending rules

Finance ministers from the eurozone’s largest economies have urged Italy’s populist government to respect the bloc’s spending rules, as they pushed Rome for clarity on its plans to tear up…

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Greece exit from crisis – a turnaround and a return to normality

As of today, Greece is now independent of international aid funds. Eight years ago Greece was on the brink of bankruptcy. The Financial Times reports "European leaders have heralded Greece’s…

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Sunday Morning Briefing

Good morning Sunday's morning briefing follows. Spain said that Barcelona will be the docking port for an aid boat that rescued 60 migrants in waters near Libya but was not…

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Tsipras, Greek bailout and a promise! The Tie!

Now that Greece’s creditors have reached a landmark Eurozone Deal, the only remaining question was answered late Friday, Alexis Tsipras put on a tie. That’s what the famously tie-less…

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