World news about “Eurozone” published by euronews.
Complex path to Greek bailout agreement For Greece to avoid a so-called uncontrolled default on its debts a massively complicated web of agreements still has to come together. They involve the… 07/02/2012
Greece dices with default Greece appears to have taken yet another step closer to an apocalyptic default after its political leaders missed the latest deadline on harsh bailout terms… 06/02/2012
Berlin and Paris frustrated as Greeks delay bailout talks German Chancellor Angela Merkel has expressed exasperation at the time the Greek government is taking to accept the latest tranche of austerity and reform… 06/02/2012
Europe slips deeper into debt, but eurozone improves New figures show the combined debt of the eurozone’s governments fell slightly towards the end of last year. In the third quarter of 2011, debt was 87.4… 06/02/2012
Greek leaders seek last minute agreement on aid Political leaders in Greece have failed to agree on austerity measures demanded by the EU and the International Monetary Fund perilously close to a crucial… 05/02/2012
Deadline approaches as Greece tries for troika deal Greece has got until the end of Sunday to agree a deal that will allow a vital second bailout loan of 130 billion euros. Negotiations continue with the… 05/02/2012
Greece’s euro exit: is it only a matter of time? Greece’s tragic economic plight is once again centre stage of the eurozone’s debt crisis. At the latest EU summit in Brussels on Monday January 30, Lucas… 31/01/2012
Spanish property bubble hits Santander profits Santander has reported a sharp drop in profit as it sets aside 3.2 billion euros to cover foreclosed Spanish property. Fourth quarter profit at the… 31/01/2012
Greece rejects German plan for EU ‘budget control’ Greek officials have rejected out of hand a German idea for Athens to cede control over its budget policy to a special eurozone commissioner. It comes as… 29/01/2012
Euro ministers upbeat on Greece and crisis European finance chiefs have been working hard at the World Economic Forum to reassure business and political leaders that the euro zone is on track to… 27/01/2012
Eurozone ministers fail to agree Greek debt deal Fears that Greece could default on its massive debts are mounting after eurozone finance ministers in Brussels rejected an offer from the country’s private… 24/01/2012
IMF’s Lagarde wants Europe to boost bailout fund The head of the International Monetary Fund has called on European governments to boost the size of their rescue fund. On a visit to Germany, Christine… 23/01/2012
Germany, France press for swift Greek debt deal As eurozone finance ministers meet in Brussels, Germany and France say they want Greece to reach a deal quickly with its private creditors that will cut its… 23/01/2012
Finns wary of over-extending The euro countries’ debt crisis is perhaps the dominant theme of Finland’s presidential election campaigning, with a feeling of ‘been there, done that, don’t… 20/01/2012
IMF’s new funds quest in trouble Two years after it asked for $500 billion to fight off a global slump the International Monetary Fund’s call for a further $600 billion to limit the fallout… 19/01/2012
Eurozone inflation dips Inflation in the eurozone fell more than previously expected in December. Consumer prices in the 17 countries sharing the euro rose 2.7 percent compared… 17/01/2012
Germany encourages Greece ahead of crucial talks Germany’s foreign minister arrived in Athens late Sunday evening with a message of encouragement for the Greek government. During talks with Prime Minister… 16/01/2012
Eurozone nations hit with credit rating downgrades A mass downgrade of credit ratings across the eurozone has brought left-leaning protesters out onto the streets of Paris. France and Austria have been… 14/01/2012
Denmark seeks to unify EU divisions Danish Prime Minister Helle Thorning-Schmidt and European Commission Chief Jose Manuel Barroso have stressed the need for unity if Europe is to solve its debt… 12/01/2012
After austerity, Italy’s Monti looks to growth Italian Prime Minister Mario Monti has said that Europe cannot rely on austerity to fix its economic problems. The former European Commissioner told… 12/01/2012
Good news from capital markets? The first week of the new year has brought some interesting developments in the euro debt crisis. The first bond auctions of January — in Germany and… 06/01/2012
Eurozone economy slumps further The eurozone’s economy slumped further at the end of last year as retail sales fell and consumer confidence slid. That according to the latest data from… 06/01/2012
Eurozone private sector downturn eases The downturn in the eurozone’s private sector economy has eased slightly. The latest surveys of companies’ purchasing managers showed an improvement in… 04/01/2012
Draghi speaks up for the euro – but not in GermanEuropean Central Bank President Mario Draghi caused amusement as he tried — not very successfully — to speak German while addressing the European Parliament… 19/12/2011
Britain under fire over veto and EU-Russia summit In this week’s Europe Weekly, we take a look at criticism levelled at Britain over its refusal to a sign a new EU fiscal accord. We also look at Russian… 16/12/2011
Eurozone new car sales fall New car sales in the eurozone dropped 3.3 percent in November compared with the same month last year. They were up 1.9 percent in November from October… 16/12/2011
Euro crisis: No big bazooka European leaders have made new big efforts during the last few days to tackle the debt crisis. There was the EU summit in Brussels and, of course, the … 09/12/2011
Summit boosts ECB’s role The role of the European Central Bank is key to curbing the threat from the debt crisis. To keep some eurozone countries’ borrowing costs from rising to… 09/12/2011
Europe Weekly: Riding to the euro’s rescue Yet again, another summit in Brussels to save the euro; how many more will we need, and what, if anything, can be done to halt a crisis which looks… 08/12/2011
Geithner upbeat, Germany pessimistic on euro zone Urging bold steps to end the euro zone debt crisis, US Treasury Secretary Timothy Geithner has been meeting his French counterpart, the Finance Minister… 07/12/2011
Euro crisis: towards a tighter fiscal union? Time is running out. That was the unmistakeable message from the OECD this week when the organization called for decisive action by euro zone governments to… 02/12/2011
Europe Weekly: Crunch time for the euro When leaders start talking about integration or disintegration and only a few days to save the euro, you know things aren’t going according to plan. This… 02/12/2011
ECB’s Draghi warns of increasing downside risks The new head of the European Central Bank has warned the European Parliament that risks threatening the economic outlook have increased. Mario Draghi was… 01/12/2011
Slowdown in euro zone factories speeds up Manufacturing in the euro zone contracted at its fastest pace for two years last month. The latest survey showed factories were forced to cut their… 01/12/2011
Spanish/French bonds find favour in auction The first test of investor confidence since combined action by six central banks saw Spain selling nearly four billion euros of bonds. But Spain had to… 01/12/2011
EU monetary chief: 10 days to save the euro Finance ministers of the eurozone are in Brussels for a further emergency meeting to try to save the euro zone. They have been told by the European Union’s… 30/11/2011
OECD: Time is running out for eurozone crisis One of the world’s most influential groups of economic experts – the OECD – has said the eurozone crisis has become the biggest threat to the global economy… 28/11/2011
Brussels unveils euro bond plans Brussels has unveiled its plans for euro bonds, seen by some as a miracle cure to the bloc’s debt crisis. Despite German opposition, the consultation launched… 23/11/2011
New Greek premier visits Brussels to fight for aid Greece’s new Prime Minister Lucas Papademos has repeated that all parties in his unity coalition must give written support to the country’s new bailout plan… 21/11/2011
Eurozone inflation remains unchanged for second month Inflation in the eurozone for the month of October remained unchanged from September at three per cent according to Eurostat, the EU statistics agency. It… 16/11/2011
Little Q3 growth in euro zone The euro zone economy barely grew in the third quarter of this year with GDP expanding by just 0.2 percent from the previous three month period. That was… 15/11/2011
The euro: is the end near? euronews : “For more insight euronews spoke to Daniel Gros, director of the Centre for European Policy Studies in Brussels. Mr Gros, Italy’s bond yields have… 10/11/2011
France under pressure from euro zone woes Worries about the euro zone debt crisis spreading have pushed up the cost of insuring against a default by French government bonds. It rose to a record on… 10/11/2011
Gloomy forecast for euro zone The European Commission says the euro zone’s economic growth will slow sharply next year. It predicts weak confidence will undermine investment and… 10/11/2011
Euro zone’s largest economies stagnating German says strong industrial output helped its economy grow in the third quarter but the region’s debt crisis will dampen through the end of this year and… 09/11/2011
‘Too big to fail’ banks named At the Cannes summit of the world’s leading economies, 29 banks have been named as being so important to the global financial system that they are likely to… 04/11/2011
Euro zone factory data boosts recession fears There has been another indicator that the debt crisis is dragging the euro zone’s economy back into recession as the latest business surveys showed the… 02/11/2011
ECB: Draghi’s dilemma, inflation fighting vs stimulus As Mario Draghi takes over as the head of the European Central Bank he faces a massive task. The ECB is central to tackling the euro zone debt crisis. The… 31/10/2011
OECD warns leaders must act to avoid recession The Organisation for Economic Cooperation and Development is forecasting a sharp slowdown next year for the euro zone. Its downbeat outlook came just days… 31/10/2011
China welcomes EU debt deal China has welcomed the deal reached at the EU summit in Brussels aimed at tackling the bloc’s debt crisis. Increasingly seen as a key ally to boost the EU’s… 27/10/2011
‘D-Day’ debt summit in Brussels highlights differing views While the 27 eurozone leaders are in Brussels strategising and negotiating on the debt crisis, observers are speculating on the final outcome – including if… 26/10/2011
Norway may help euro zone if asked Norway says it would consider using some of its North Sea oil wealth to strengthen the euro zone rescue fund if asked. Norway’s finance minister Sigbjoern… 24/10/2011
Euro zone business activity shrinks further The euro zone’s private sector slipped further into decline in October. The latest business surveys show the bloc’s economy is now in serious danger of… 24/10/2011
Banks’ fortunes tied to summits In the run up to the euro zone summits on a solution to the debt crisis, the EU has agreed that around 100 billion euros is needed to boost the capital — that… 21/10/2011
Europe Weekly: What price to save the euro? EU leaders say they want to save the euro – but at what price? Are the Greek people ready to make further sacrifices? How much will it cost to recapitalise… 21/10/2011
Trichet’s final curtain Jean-Claude Trichet was the captain at the helm of the European Central Bank for eight years. At 69, he now hands over to somebody else. During much of his… 21/10/2011
Spain downgrade piles pressure on EU leaders The latest downgrade of Spain’s credit rating puts more pressure on European leaders to make convincing progress on solving the region’s debt crisis at next… 19/10/2011
ECB’s top economist warns on euro zone’s future The European Central Bank’s outgoing chief economist says another euro zone debt crisis can be averted, but only if states surrender some sovereignty over… 18/10/2011
Germany dampens euro zone crisis hopes Germany’s has lowered expectations of a breakthrough in the euro zone’s sovereign debt crisis at next weekend’s summit of European Union leaders. Financial… 17/10/2011
Analysis of a safety net The European Financial Stability Facility is the euro zone’s safety net set up in May of 2010 to combat the region’s sovereign debt crisis in the wake of… 11/10/2011
Trichet warns as lenders give lukewarm approval to Greek aid Decisive action is needed urgently to stop the euro zone debt crisis threatening global economic stability according to the head of the European Central Bank… 11/10/2011
Germany backs recapitalisation of banks German Chancellor Angela Merkel on Wednesday said her government would recapitalise banks if required, but stressed that Europe must agree uniform criteria… 05/10/2011
Euro zone private sector contracts The euro zone’s private sector contracted for the first time in two years last month according to new business surveys. Questioning of firm’s purchasing… 05/10/2011
Global markets slide as finance ministers hold talks Europe’s money men say they have reached a deal on two fronts to help fight the bloc’s chronic debt crisis. The second day of talks in Luxembourg came as… 04/10/2011
IMF’s European growth warning The International Monetary Fund forecasts slowing growth in Europe in 2012, against a background of weaker global activity, notably in the world’s most… 04/10/2011
Europe’s revamped bailout fund tops finance talks The story has a familiar ring – Europe’s finance ministers hold crucial talks on how best to save Greece and stop the whole euro project going into free fall… 04/10/2011
Euro zone inflation jumps Inflation in the 17 countries that share the euro unexpectedly rose in September to three percent. In its first estimate the EU’s statistics agency… 30/09/2011
Euro: Greeks don’t want a drachma out of a crisis While the Greek government’s austerity measures become ever tougher in response to the troika’s demands, so discontent in Greek society continues to… 30/09/2011
Europe’s bourses boosted by German vote The German lower house of parliament’s approval of new powers for the euro zone’s rescue fund boosted the region’s stock markets on Thursday – with the… 29/09/2011
What is the EFSF? The European Financial Stability Facility is on its way to getting approval for expansion. It is the euro zone’s rescue fund set up to combat the region’s… 29/09/2011
Barroso seeks MEPs support This was no ordinary State of the Union address. President Barroso stood in front of MEPs in the European Parliament knowing the challenge facing Europe was… 28/09/2011
Merkel and Papandreou stand firm on the euro German Chancellor Angela Merkel has reiterated her view that Greece must stay in the eurozone and strive to repay its debts. Merkel was speaking a joint… 27/09/2011
ECB warns of debt crisis threat to euro The euro is in danger due to member states’ runaway spending and the subsequent sovereign debt crisis. So says a European Central Bank study that is… 22/09/2011
European growth ‘coming to a standstill’ A stark warning from the EU Commission that growth in the second half of the year will grind to a “standstill”. The commission’s prediction comes in its… 15/09/2011
Financial crisis in Europe flares up again The financial tremors from Greece and the prospect of a default on the country’s debt have shaken Europe, aided by comments from German politicians suggesting… 12/09/2011
Economic gloom pressures G7 finance ministers In the southern French city of Marseille, finance chiefs from the world’s top economies — the G7 — are meeting under heavy pressure to do more to revive… 09/09/2011
Europe’s woes drag down markets again Europe’s financial markets finished sharply lower on Friday on rising fears over the euro zone’s festering debt problems and on concerns US President Barack… 09/09/2011
Banking on Belgium’s banks How safe are Europe’s banks? Not very, if the new head of the International Monetary Fund Christine Largarde is to be believed. She has called for a… 09/09/2011
ECB signals rates on hold as euro zone economy weakens With economic growth in the euro zone weakening , the European Central Bank has signalled that it has stopped putting up interest rates — for now — to try to… 08/09/2011
Athens under pressure over EU/IMF aid With the credibility of the euro zone at stake over Greece‘s bailout, the wrangling goes on between Athens and Brussels. The suspension of an … 05/09/2011
Trouble for the euro zone economy The fragile economic situation of the euro zone is, once again, the top subject of this week’s edition of Business Weekly. After a series of disappointing… 03/09/2011
Europe Weekly: ‘‘the euro is a very solid currency,’‘ says Trichet In this week’s Europe Weekly we examine on-going protests against the Syrian leadership, the economic crisis in Italy and the Notting Hill Carnival in London… 03/09/2011
Greece and EU/IMF pause deficit talks Talks have been put on hold between Greece and international inspectors over whether it has met conditions for its next bailout pay. The unplanned pause was… 02/09/2011
Falling orders stall factory activity worldwide Euro zone manufacturing activity contracted for the first time in almost two years in August. That confirms a global trend of faltering factory output as… 01/09/2011
Euro zone jobs and inflation data may influence ECB The latest euro zone unemployment figures show 10 percent of the working population was without a job in July; that is up by 61,000 from June to 15.757… 31/08/2011
EU debt crisis gravest since World War II, warns Trichet Europe’s debt crisis shows no signs of ending any time soon. With frightening speed the turmoil engulfing the euro zone has spread to Italy and Spain… 30/08/2011
More budgetary discipline in the euro zone In this week’s edition of Business Agenda we bring you the latest developments of the debt crisis in the euro zone: the austerity plan of the French… 27/08/2011
Euro zone services and manufacturing weaken The euro zone’s dominant service sector was effectively stagnant this month after two years of growth. A survey of purchasing managers measuring activity of… 23/08/2011
Markets want more from Merkel and Sarkozy The leaders of the euro zone’s two biggest economies have vowed on moving to a more integrated Europe. But the business world was expecting more. French… 17/08/2011
Germany leads euro zone growth slump Euro zone growth slowed in the second quarter as the region’s two economic engines lost speed. The 17 nation single currency area’s GDP increased by 0.2… 16/08/2011
Merkel and Sarkozy fly to the aid of the euro They are pre-ordained to agree. Even if reportedly behind the scenes sparks fly between Angela Merkel and Nicolas Sarkozy, once again they find themselves on… 15/08/2011
Debt cuts are the key to an EU fiscal union As fears about European governments’ debt grow, Europe’s lack of a true fiscal union is causing these uncertainties to linger. The 17-member euro zone has… 15/08/2011
Swiss supermarket pulls expensive foreign brands A retail battle is raging between a Swiss supermarket chain and foreign manufacturers. At the heart of the dispute is the increasingly strong Swiss… 15/08/2011
Another volatile day for shares Jittery investors continue to react to every bit of good and bad news and Europe’s share markets repeatedly swooped up and down on Thursday before ending the… 11/08/2011
Fear infects financial marketsSparking memories of the 2008 crisis, Friday was another very turbulent day on the world’s financial markets starting with a massive sell off of shares around… 05/08/2011
Euro zone service sector growth weakens The service sector is the latest to show signs of weakness in the euro zone. A survey of purchasing managers shows growth eased in July to its weakest rate in… 03/08/2011
Grim predictions on Greece from OECD The Organisation for Economic Cooperation and Development has calculated the European Union’s rescue deal for Greece will only slightly reduce the country’s… 02/08/2011
Euro zone factory growth stalls in July Manufacturing in the euro zone expanded in July at the weakest rate since the 2009 recession, adding to concerns over world economic growth. The latest… 01/08/2011
Second bailout package for Greece This week’s edition of Business Weekly focuses, once again, on the euro debt crisis that took a dramatic turn this past week. After eight hours of intense… 23/07/2011
Close up: have euro zone leaders saved the euro? Europe’s big guns have been quick to say the latest bail out for Greece and the steps taken to end the debt crisis are robust and decisive. Germany’s… 23/07/2011
