Latest in Tag: eurozone Highlight

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Latest in Tag: eurozone


Eurozone unemployment falls to decade-low 7.9 percent

Unemployment in the euro zone in November fell unexpectedly to its lowest rate in more than 10 years. But youth unemployment in Italy, Spain and Greece remains above 30 percent.Figures for November 2018 published by the European Union's statistical office, Eurostat, on Wednesday showed unemployment in the 19 EU countries which use the euro currency …

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Italy and the eurozone: the cloud returns

Political turmoil reigns again in Italy, and the likelihood of an anti-euro government taking charge is stronger than ever. For the EU, an Italian euro-exit is unthinkable and would make Brexit look like a picnic.Even during the darkest days of the Greek debt crisis in 2011 and 2012, the murmurs and whispers about the risks …

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Eurozone: slower growth, stagnant unemployment

Seasonally adjusted unemployment has remained unchanged in the 19-member euro area, fresh figures from the statistics office have shown. Joblessness is currently at its lowest level since December 2008.The eurozone’s jobless rate remained at 8.5 percent in March, compared with the previous month, the EU’s statistics office, Eurostat, reported Wednesday. It added that the rate …

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Eurozone unemployment hits lowest level in a decade

The 19-member eurozone now boasts the lowest jobless rate in about 10 years, the EU’s statistics office has announced. It also reported a slight increase in consumer prices after months of declining inflation.Unemployment in the 19 countries that use the euro fell to its lowest level in a decade as the region’s economy kept benefitting …

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Eurozone reform: move along, nothing to see here

The European Commission’s package of eurozone reforms was billed as the EU’s bold vision for a post-Brexit union. But it comes as Brexit talks verge on collapse and domestic German politics remain up in the air.The European Commission unveiled its vision of a rebooted eurozone on Wednesday in Brussels, including the creation of a European …

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Eurozone economy grows at unspectacular rate

The 19 nations sharing the euro have logged a moderate GDP growth rate for the first quarter. Analysts were quick to point out that economic expansion was a lot faster than in the US, the world’s largest economy.The euro area economies booked a combined expansion rate of 0.5 percent in the January to March period, …

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IMF, eurozone still at loggerheads over Greece

The International Monetary Fund has urged eurozone finance ministers to be more specific in their commitment to a debt relief package for bailed-out Greece. It’s a sensitive issue in pre-election Germany.Talking to eurozone finance ministers on the fringes of a G7 meeting in Bari, Italy, IMF chief Christine Lagarde on Friday urged European creditors to …

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Eurozone deficit hits post-crisis low

Stricter budget constraints in many member countries have caused the eurozone’s combined public deficit drop to levels last seen in 2008. The dip was caused mainly by decreasing government spending, Eurostat reported.The level of government borrowing across the 19-member eurozone has fallen to the lowest level since before the most acute phase of the global …

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IMF gives bad marks to eurozone

The eurozone has a large record of excessive borrowing, rigged budget figures and disrespect for EU fiscal rules, a fresh working paper by the IMF has said. It looked at the past two decades of the bloc’s development.Looking at developments in the euro area over the past two decades, the International Monetary Fund said in …

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ECB board meets amid rise of imponderables

The ECB’s governing council is meeting in Frankfurt to debate policy options to further stimulate the eurozone’s economy and get the inflation rate closer to 2 percent. So far, the progress made has been meager.

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Italy, the sick man of Europe?

Nearly half of Italy’s population wants to leave the EU, the country’s economy is among the worst in the eurozone. Can the government solve this? Sandro Gozi, European Affairs Minister, is on Conflict Zone this week.

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ECB keeps rates steady after Brexit shock

The eurozone weathered the Brexit vote “with encouraging resilience” and the European Central Bank is ‘ready, willing and able’ to make sure that momentum holds, Mario Draghi said after the bank’s latest policy meeting.

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Eurozone recovery cools as Germany falters

Preliminary EU growth data suggests that economic activity in the 19-nation eurozone was cooling slightly in the third quarter, dragged down by lower output expansion in its biggest economy, Germany. Preliminary economic data released by Germany’s statistics office, Destatis, on Friday showed that the pace of activity in Europe’s biggest economy slowed to 0.3 percent …

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Greeks start general strike over austerity

Greeks have walked off the job to protest austerity measures the southern eurozone nation has to endure as a trade-off for a third bailout granted by international lenders. Required reforms have not gone down well. Greece’s largest private and public-sector unions on Thursday kicked off a general strike against fresh austerity measures, marking the first …

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Eurozone recovery will be ‘moderate’ in 2016

The economies of the 19 countries that use the euro are forecast to keep growing next year, but experts have warned member states with shakier finances to cut debt levels and invest more. The European Union tempered its growth forecast for the eurozone on Thursday, citing China’s economic slowdown and weak demand for European exports …

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France’s Macron for ‘EU, eurozone rebirth’

French Economy Minister Emmanuel Macron has said the EU and the eurozone have no future without a currency union coupled with a fiscal equalization system. He also called for a strong euro commissioner in Brussels. In an interview for Germany’s daily “Süddeutsche Zeitung,” French Economy Minister Emmanuel Macron spoke out in favor of a complete …

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IMF’s Lagarde: Greek debt restructuring ‘inevitable’

The head of the International Monetary Fund, Christine Lagarde, has insisted that any new bailout program for Greece requires significant restructuring of the cash-strapped eurozone nation’s massive debt load. In an online press conference on Wednesday, Lagarde reiterated her view that any new plan for Greece had to include significant restructuring of the country’s debts …

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