Eurozone inflation hit 2% in October, exceeding forecasts and up from September’s 1.7%, driven by services and food prices. Germany witnessed unexpected price increases. The euro strengthened. Inflation in the eurozone accelerated in October, with the consumer price index reaching … Read More
Eurozone business activity contracted in September, and weaker demand eased inflationary pressures. This supports the case for a European Central Bank (ECB) rate cut in October, seen as needed to encourage growth. The eurozone’s private sector declined more sharply than … Read More
The European Central Bank pressed ahead with another interest rate hike Thursday and made clear more are on the way, aiming to crush inflation that is driving up the cost of groceries even after the U.S. Federal Reserve took a break from … Read More
Getty Images The European economy has fallen into its worst recession on record as strict quarantine measures earlier in the year to stop the spread of the coronavirus brought economic activity to an abrupt halt. According to figures released on Friday by … Read More
Collage sources: EU Website NEW YORK (IDN) – Samuel Beckett’s “Waiting for Godot” is a play featuring two characters waiting for a character, Godot, who never arrives. As such, it is a useful metaphor for the goings-on of the European … Read More
Christine Lagarde has been proposed for the presidency of the European Central Bank ( AFP/Getty Images ) European Union leaders have agreed on who should next fill the bloc’s top positions following a marathon summit. European Council President Donald Tusk announced … Read More
The European Union’s leaders have thrown their weight behind German Defence Minister Ursula von der Leyen to become the new president of the European Commission, a development that came after a marathon of contentious talks that saw Europe’s political heavyweights abandon the … Read More
What with Brexit and EU parliament elections looming, dramatic change could happen in Europe next year, writes Joschka Fischer, a former German foreign minister. Politically, 2019 will be an extraordinarily important year for the European Union. The United Kingdom is … Read More
Europe’s economy turned in its best performance in decades in 2017. There won’t be a repeat anytime soon. Growth is expected to slow dramatically this year as Europe grapples with new trade barriers, uncertainty over Brexit and political spats that … Read More
After US president hikes taxes, Turkish president encourages Turks to buy lira in two separate speeches as currency hits record lows. The value of the lira dropped as much as 20 percent on Friday (AFP) President Recep Tayyip Erdogan told … Read More