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
Tag: Eurozone
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
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
Croatia could adopt euro in January 2023 as Commission gives the all-clear
Croatia could be the next country to join the eurozone after the Commission gave its approval on Wednesday. If the move is endorsed by the Eurogroup and EU Council later … Read More
Explained: Why higher gas costs lead to higher food prices
Gas prices are soaring, leading to higher food prices for European consumers. What explains this connection? One of the factors behind this trend are fertilisers, which farmers use to provide … Read More
