LONDON, March 6 (Reuters) – Once hurt by crises and deflation, the euro is gaining popularity among central bank reserve managers thanks to a return to positive rates and geopolitics challenging king dollar’s appeal. Roughly one in five of the … Read More
Croatia, the European Union’s newest member, adopts the euro as its currency on Jan. 1. The move vaults the nation of around 4 million people into the EU’s core, making payments easier and cheaper and giving its financial system a … Read More
Protesters demand more resources for public health system and against social inequality in the southern neighbourhood of Vallecas, Madrid, Spain, Thursday, Sept. 24, 2020. – Copyright Bernat Armangue/AP Public deficit and debt soared in the EU as governments massively supported their economies … Read More
Emmanuel Macron from the Elysée Palace during a televised interview on TF1, in Paris on July 21, 2020. © AFP – LUDOVIC MARIN A historic rescue plan for economies left shattered by the coronavirus epidemic was hailed by French President Emmanuel … Read More
Iranian officials are reporting that Iran and China are close to signing a major deal that would expand security ties and economic ties including the banking sector. The exact terms have not yet been announced. Deal would advance both Chinese … Read More
The clock is ticking on the continuing existence of the EU. Image credit: Christian Wiediger on Unsplash The French president Emmanuel Macron recently fired a warning shot across the bow of the European ship of state. He said that without … Read More
Italy is battling the European Union over government spending levels. The country’s banks may end up paying the price. The European Commission rebuked the Italian government on Tuesday over a draft budget that calls for a sharp spending increase in … Read More
Michael Zwahlen | EyeEm | Getty Images – The Brandenburg Gate in Berlin, Germany. In spite of extraordinarily supportive monetary policy, the euro area economy is showing a considerable, and broad-based, loss of growth momentum since the beginning of this year. The area’s … Read More
–The euro fell half a percent against the dollar after reports that the ECB officials are concerned about European banks’ exposure to Turkey. –Data from the Bank for International Settlements (BIS) showed that Spanish banks are due $83.3 billion by … Read More