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Christine Lagarde warns of further ECB interest rate hikes
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Europe's energy crisis haunts the euro as it tumbles to 20-year low
A new spike in energy prices has added to fears of recession, with manufacturing surveys due on Tuesday expected to highlight the damage done to activity.
Eurozone unemployment remains stable at 6.6%, lower than in pandemic
Eurozone unemployment remained stable at 6.6% in the month of June, having dropped by 1.3% compared to last year.
Inflation across the eurozone reaches new all-time high of 8.9%
Core inflation, which excludes volatile items like energy and food, stood at 4%, the highest figure since the euro was created.
Watch: What's behind inflation in the eurozone?
Inflation in the eurozone keeps reaching new record highs. Here's why.
ECB announces larger-than-expected interest rate hike
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 the US Federal Reserve and other major central banks to target stubbornly high inflation.
state of the union
Europe's week: EU economic woes mount & Ukraine war crimes commitment
Here are the top stories from Brussels this past week.
This will impact your life
This is what the euro-dollar parity means for you and the EU economy
A weaker euro will make European exports immediately cheaper in international markets.
Euro reaches parity with dollar for the first time in 20 years
The value of the common currency has plunged since Russia launched the invasion of Ukraine.
Eurozone finance ministers discuss soaring inflation and energy prices
Skyrocketing inflation is "a fact of life" exacerbated by the war in Ukraine, said Sigrid Kaag, the Netherlands' finance minister.
Inflation in the eurozone reaches new record high of 8.6%
Soaring energy prices are still the main driver behind inflation, but fresh food is also becoming more expensive.
Eurozone to get its first interest rate hike in 11 years next month
The European Central Bank will hike interest rates in July in a bid to tame inflation.
Croatia could adopt euro in 2023 as Commission gives the all-clear
The eurozone could grow by 4 million people on 1 January 2023, if EU leaders approve later this month the Commission's recommendation to let Croatia adopt the single currency.
This will impact your life
Explained: Why higher gas costs lead to higher food prices
The connection partly lies in fertilisers, which require a great deal of gas to be produced.
Watch: What is inflation and what can be done about it?
Inflation is at a record high across the world.
As the war in Ukraine rages on, Europe braces itself for stagflation
The war in Ukraine has sent inflation in the eurozone soaring, threatening the post-pandemic recovery.
What is the EU's Stability and Growth Pact and why is it important?
The bloc's fiscal rulebook has been suspended until next year to stave off any unwanted economic consequences of the pandemic.
Brussels urges caution despite strong economic growth forecasts
The EU Commissioner for the Economy Paolo Gentiloni delivered the European Semester Autumn Package on Wednesday. While he insisted that the worst is behind us, he still warned against the possible negative effects of the pandemic on the economy.
Eurozone inflation hits 13-year high amid persistent energy crunch
Prices across the eurozone rose by 4.1% in October, up from 3.4% in September.
EU divided over response to soaring, 'unbearable' energy prices
Economic and finance ministers met in Luxembourg, laying bare intra-EU divisions.
'All 27 EU countries to fully recovery from COVID crisis in 18 months'
The European Commission President credits the vaccine roll-out and the €750-billion recovery fund as the key elements behind the recovery.
Europe’s economy slid back into recession as US roared ahead
The European economy officially entered a double-dip recession in the first quarter of the year, as the continent paid the price for slow vaccine rollouts and extended lockdowns.
EU governments agree to continue uncapped spending until mid-2022
European Union finance ministers said during a video conference on Tuesday that unlimited spending must be allowed until the recovery from the pandemic is secure.
Eurozone economy shrank less than feared in 2020 — Eurostat estimate
The EU's statistics agency says early analysis suggests eurozone GDP fell by 0.7% in the last quarter and 6.8% across 2020.
Economists revise eurozone growth downwards amid second COVID wave
Lockdowns and pandemic-related restrictions were likely to slow down Europe's economic recovery as the ECB cut its predicts for 2021 and beyond.
COVID-19: Euro area economy suffers record drop of 12.1%
Eurostat also expects Gross Domestic Product (GDP) for the whole European Union to have fallen by 11.9 per cent between April and June.
EU to experience 'even deeper recession' than anticipated
The European Commission announced that the euro area economy will contract by 8.7%, as the lifting of lockdown measures has been more gradual than expected.