Europe’s economy is projected to be badly hit by the energy crisis triggered by Russia’s war in Ukraine, with at least half of the 19 countries that use the euro … Read More
Eurogroup president Paschal Donohoe may be obliged to leave his post after just one term due to an agreement with his coalition partners in Ireland. The Irish finance minister is … Read More
Asian shares were down for a sixth straight session on Tuesday after a renewed spike in European energy prices stoked fears of recession and pushed bond yields higher, while tipping … Read More
Eurozone unemployment remained stable at 6.6% during the month of June 2022 compared with the previous month, the EU’s statistical office Eurostat announced on Monday. It has decreased by 1.3% … Read More
Inflation across the eurozone has reached a new all-time high of 8.9% in July, up from 8.6% in June. A total of 10 states that use the single currency appear … Read More
Russia’s war in Ukraine has pushed energy and food prices — which were already on an upward trajectory due to strong demand, labour shortages and supply chain disruptions post-COVID — even … Read More
The European Central Bank has raised interest rates for the first time in 11 years by a larger-than-expected amount, joining steps already taken by other major central banks across the … Read More
This week, it was officially confirmed that Croatia will introduce the euro on January 1, 2023, after the EU institutions removed the final legal obstacles for it to adopt the … Read More
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
Eurozone finance ministers met to discuss soaring inflation and deteriorating growth prospects ahead of an Economic and Financial Affairs Council this week. Skyrocketing inflation is “a fact of life” exacerbated … Read More
