Analysis: How Czechs see the start of their EU Council presidency
Euronews correspondent Méabh Mc Mahon reports on her trip to Prague as the Czech Republic takes over the EU Council presidency starting this month. “I am sorry, I do not … Read More
Tag: European economy
This is what the euro-dollar parity means for you and the European economy
Europeans are this week grappling with something unthinkable just a few months ago: the euro sliding towards parity with the American dollar. This means 1 EUR equals 1 USD. The … Read More
Annual inflation across the eurozone will peak at 7.6% in 2022
Inflation across the European Union will remain extraordinarily high for the remainder of the year, keeping households and companies under long-term financial strain. The latest economic forecast released by the … Read More
Euro reaches parity with dollar for the first time in 20 years
The euro and the dollar have reached parity for the first time in 20 years, signalling the market’s assumption that the European economy is heading for a deep recession as … Read More
Inflation in the eurozone reaches new record high of 8.6%
Soaring energy prices have pushed inflation across the eurozone to a new high of 8.6% in June. The record-breaking figure, up from 8.1% in May, spells bad news for the … Read More
Hungary blocks EU deal on 15% minimum corporate tax
Hungary has blocked an EU directive that would impose a 15% minimum tax on multinational corporations, arguing the levy would deal a “low blow” to European competitiveness and endanger jobs. The … Read More
Eurozone to get its first interest rate hike in 11 years next month
The European Central Bank (ECB) has confirmed it will raise interest rates in a bid to bring down soaring prices across the eurozone. The hike will be of 0.25 percentage … Read More
Mixed fortunes as three European economies reveal post-Ukraine invasion GDP
Three European economies are weathering the current turmoil in very different ways, according to the GDP growth figures for 2022 published on Tuesday. The Eurozone has recorded an overall inflation … Read More
Ukraine war is ‘a wake-up call’ for faster transition to green energy
Western countries must respond to the current energy crisis rocking the world and exacerbated by Russia’s war in Ukraine by accelerating their transition toward carbon neutrality and “friend-shoring” their supply … Read More
