Euro in crisis
What does the eurozone’s future hold? It depends where you look. Political risks seem to be increasing, despite the improvements in Europe’s economy.
Today’s political climate limits the possibilities for structural reforms, fiscal pooling, and improved labor mobility. But if European leaders can strengthen the banking union, there is still hope for the eurozone’s future.
By Sergei Guriev, chief economist at the European Bank for Reconstruction and Development The past year has been full of watershed developments
The economic divide between European Union nations risks destroying the euro, Pierre Moscovici has warned.
Eurozone economic growth in Q3 was at the same slow 0.3 percent pace as in Q2. Inflation picked up slightly in October to 0.5 percent year-on-year.
The European Commissioner for Economics Pierre Moscovici is in Athens for two days to check in with Prime Minister Alexis Tsipras and on progress on
Greece’s new parliament has a new look about it with radical left Syriza holding the reins of power in the 300 seat legislature. In the end they fell
It was a disappointed Antonis Samaras who was forced to admit defeat on Sunday night. The leader of New Democracy had tried to convince voters that
The man of the moment, Alexis Tsipras has swept to power in a landslide win in Greece. His Syriza party’s anti-austerity message appears to have
As Greece’s leftist Syriza party looked set for a comfortable victory over the ruling conservatives in the Greek election, our reporter spoke to some
The Eurozone’s Consumer Price Index fell to its lowest inflation level in four years in February. Revised data put inflation at 0.7% per annum
German Chancellor Angela Merkel urged European partners to tackle flaws in the eurozone by taking control of economic policy and making politically
A new German anti-euro party is holding its first national conference. On Monday, Alternative fuer Deutschland presented itself as a very confident
Efforts by cash-strapped Cyprus to restructure its banking systems have been praised at a meeting of Eurozone finance ministers in Brussels. The
Russia has agreed to push back the pay-back date on a 2.5 billion euro loan it made to Cyprus two years ago. It has also reduced the interest. That
Ahead of the re-opening of Cypriot banks on March 28, the Central Bank of Cyprus sent private security vans packed with cash to stock them up. The
EU finance ministers met in Brussels on Tuesday amid French concern over the strength of the euro. Paris says the value of the single currency
Eurozone finance ministers have agreed to put the thorny question of the euro’s value to the G20 meeting in Moscow later this week. Finance
The European Central Bank has said it will monitor what impact the stronger euro is having on the region’s economy to make sure it does not derail
How worried should eurozone policymakers be about the rise in the value of the euro? Is the region set to lose out in a new currency war involving
The Spanish government is to offer low-rent housing to vulnerable families who have had their own homes repossessed. Officials hope the homes will
Rubbish is piling up in cities in the Spanish region of Granada as as a strike by workers enters its tenth day. Officials insist there is no risk to
The eurozone’s unemployment rate reached a new record in November as companies from carmakers to retailers laid people off. Joblessness hit the
A new EU report has warned of a growing poverty gap in Europe. The European Commission’s annual Employment and Social Developments review shows the
German Chancellor Angela Merkel and the Greek Prime Minister Antonis Samaras have held informal talks in Berlin. The two were taking part in a
Eurozone factories sank deeper into recession in December as new orders tumbled. Surveys of the region’s businesses showed economic decline spread
European finance ministers meeting in Brussels have reached unanimous agreement on a deal paving the way for closer integration in the
The European Central Bank has issued a bleak forecast for the eurozone economy. The experts there said it is likely to shrink next year, as it has
The current economic crisis has been blamed on many factors – from high street banks to government finance departments, from risky trading to