The ECB is ‘monitoring current market tensions closely and stands ready to respond as necessary to preserve price stability and financial stability.’ The European Central Bank lifted its key lending rate by 50 basis points Thursday, defying market forecasts that … Read More
The European Central Bank (ECB) on Thursday announced a record rate hike in a bid to stifle record inflation across the euro area. The ECB’s three key interest rates were each raised by 75 basis points. “This major step frontloads … Read More
Amid record-high inflation and a Russian gas squeeze, the European Union’s 27 states are addressing their economic woes against the backdrop of Russia’s invasion of Ukraine. Leaders of the European Union’s 27 member states are meeting for the second day … Read More
By becoming the first region to introduce coordinated regulation over cryptocurrencies, the EU hopes to attract a market worth almost $350 billion spread across over 6,000 digital currencies. Cryptocurrencies, such as Bitcoin and Facebook’s digital currency Libra, may herald the … Read More
In the long run, the COVID-19 pandemic may change Europe’s economy for the better. People wearing face masks walk in front of a euro sign in Frankfurt am Main, Germany, on April, 24. YANN SCHREIBER/AFP/GETTY IMAGES Germany’s fiscal prudence hasn’t made … Read More
The German Chancellor’s surprising move to back a cashed-up EU recovery fund is giving fresh impetus to a supranational approach. The German Chancellor has a record of defying orthodoxies and the Covid-19 crisis cries out for extraordinary steps BERLIN • … Read More
COVID-19 is transforming the EU works in several ways, accelerating trends that were visible before the virus struck. These changes are good news for anti-EU populists. It is far too soon to judge how COVID-19 will transform the EU – … 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
Reuters/Jason Cairnduff Three of Europe’s largest economies — Germany, Italy, and the UK — are either in recession or are on the verge of it, which could spell danger for the eurozone. Germany, Europe’s industrial backbone, is stuttering. The unemployment … Read More
Stormy times ahead for the eurozone’s economic powerhouse? -Getty Images Concerns are growing over the strength of Germany’s economy – the largest in the eurozone – following the release of more gloomy official figures. Industrial production in April fell by … Read More