World news about “Euro in crisis” published by euronews.
Cyprus banking reforms praised by EU ministers Efforts by cash-strapped Cyprus to restructure its banking systems have been praised at a meeting of Eurozone finance ministers in Brussels. The island has… 14/05/2013
Cyprus gets longer to repay Russian loan 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 money… 06/05/2013
Truckloads of cash stock up Cyprus banks 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 European… 28/03/2013
EU finance chiefs debate strong euro 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 should not be… 12/02/2013
Euro slumps on ECB Draghi’s comments 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 the… 07/02/2013
France and German square off over strong euro 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 euro… 06/02/2013
Spanish unemployment keeps risingSpain’s unemployment rate soared to its highest level since measurements began in the 1970s as a prolonged recession and deep spending cuts left almost 6… 24/01/2013
Eurozone joblessness hits record high The eurozone’s unemployment rate reached a new record in November as companies from carmakers to retailers laid people off. Joblessness hit the highest… 08/01/2013
EU warns of growing poverty gap. 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… 08/01/2013
Eurozone joblessness up again The eurozone’s unemployment rate reached a new record in November as companies from carmakers to retailers laid people off. Joblessness hit the highest… 08/01/2013
Eurozone factory slump deepens Eurozone factories sank deeper into recession in December as new orders tumbled. Surveys of the region’s businesses showed economic decline spread further… 02/01/2013
Devil in the detail as EU ministers eye banking supervisor European finance ministers are due to meet ahead of Thursday’s EU summit to thrash out details for a single supervisory banking mechanism under the watchful… 12/12/2012
ECB predicts bleak 2013, keeps rates unchanged 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 this… 06/12/2012
ECB holds interest rates, forecasts grim 2013 As expected, the European Central Bank kept its main interest rate unchanged on Thursday at a record low 0.75 percent for the fifth month running. The … 06/12/2012
Trading during crisis time The current economic crisis has been blamed on many factors – from high street banks to government finance departments, from risky trading to uncontrolled… 30/11/2012
Row sparks fears of crisis within a crisis How much is the debt crisis in Greece highlighting a crisis within a crisis? International lenders clashed over how Athens can bring its debts down to a… 13/11/2012
Greece and Germany ‘keeping minds open’ The hostility of austerity-burdened Greeks towards Chancellor Merkel has taken on harder and harder symbols. The Hitler moustache and Nazi Swastika have… 09/10/2012
EU to push ahead with Tobin Tax plans Finance ministers meeting in Luxembourg have backed controversial plans for a European financial transaction tax, despite strong UK opposition. In all, 11… 09/10/2012
ECB mulling issuing bond insurance The eurozone, through the ECB, is considering providing insurance for buyers of government bonds for the first time. The leap forward is being seen as a… 04/10/2012
Athens: clashes over austerity – nocomment Police clashed with protesters hurling petrol bombs and bottles in central Athens after an anti-government rally, called as part of a general strike in… 27/09/2012
Golden rules to balanced budgets Signed by all the 27 European Union member states, except Britain and the Czech Republic, the budget pact is what Germany demanded in return for financial… 19/09/2012
German court’s ESM relief Germany’s Constitutional Court has won high-level cheers for giving the green light for Berlin to ratify the future European Stability Mechanism (ESM) and a… 12/09/2012
Temperatures rise in Germany’s euro-fever In Germany, a close ally of Chancellor Angela Merkel has called into question the independence of the European Central Bank over its newest plan to save the… 10/09/2012
More disappointment for Italian economy There has been more gloomy news on the already shaky Italian economy. Latest figures show it contracted by 0.8 per cent in the second quarter of this year… 10/09/2012
Markets cheer ECB bond buying, Germans unsure It seems the world’s financial markets do consider the European Central Bank’s latest moves to tackle the region’s debt crisis are bold enough. On Friday… 07/09/2012
Draghi prepares to unveil bond buying plan Under pressure to slash the borrowing costs of the eurozone’s weakest member states, ECB chief Mario Draghi is due to unveil his latest bond-buying plan on… 05/09/2012
EU Commission pushes banking union plan In Brussels, the EU’s economic and monetary chief Olli Rehn has said the European Commission is working at lightening speed to push through its plans for a… 04/09/2012
BNP Paribas beats rivals on profit and capital target Bucking the eurozone trend, France’s biggest bank, BNP Paribas, has reported better-than-expected results. It made 1.8 billion euros in the three months up… 02/08/2012
Savings in euros With ISEG With ISPI – the Institute for International Political Studies In this edition of U-talk our question is from Alex, from Lyon: “What is the… 27/07/2012
Greece euro exit chances mount The chances of Greece leaving the euro in the next 12 to 18 months have now risen and stand at about 90 percent according to experts at the US bank Citigroup… 26/07/2012
Is giving up sovereignty the only way to save the euro? It was another summit that managed to avoid a train wreck. With the future of the euro at stake, European leaders agreed before the summer break to create a… 26/07/2012
Hollande goes to Downing Street New Socialist French President François Hollande has been visiting traditionally eurosceptic London, on his first official trip to Britain. Current policy… 10/07/2012
Draghi calls for bold action from governments Members of the Economic and Monetary Affairs Committee at the European Parliament have been told governments must take bold action to resolve the debt… 09/07/2012
European markets at close: 09.07.12 09/07/2012
Eurozone Big 4 meet ahead of summit The eurozone crisis fire-fighting continued on Tuesday as the finance ministers of the region’s four biggest economies – Germany, France, Italy and Spain –… 26/06/2012
Spain’s short-term debt costs jump Spain’s short-term borrowing costs nearly tripled at its latest auction of government bonds. The almost three-fold increase in interest rates Madrid is… 26/06/2012
Spanish banks – house for sale When Spain’s spectacular building boom went bust, it was the country’s banks which were left with much of the debt including 200 billion euro worth of toxic… 22/06/2012
Spain on the verge of ESM bailout The Eurogroup meeting of the 17 eurozone member’s finance ministers is taking place with a backdrop of crisis and a key upcoming summit. Top of the agenda… 21/06/2012
More bad news on eurozone economy It seems the downturn in the eurozone’s private sector is becoming entrenched as falls in new orders and employment levels hit business confidence. The… 21/06/2012
Greece: growth versus austerity A new government in Greece will mean changed circumstances, and so Brussels has said that Athens and its international lenders will have to renegotiate its… 19/06/2012
Greece seeks coalition after tight vote After a nailbiting election, the race to form a new government in Greece has begun. For the winner, New Democracy leader Antonis Samaras, who will now try to… 18/06/2012
Samaras, ‘Greek euro anchor’ Antonis Samaras presents himself as the anchor to keep Greece in the euro common currency group. He has also said he wants to renegotiate the last memorandum… 13/06/2012
Tsipras, from words to action Alexis Tsipras is the lead figure of a coalition of left-wing and radical left parties, but if he succeeds in leading Greece with them he will defy a great… 13/06/2012
Euro debt darkness and light Spain is going through what could be the calm before the storm. The government has already stripped spending down, but Spain’s chronically leaky banking… 08/06/2012
Europe Weekly: Schengen and Spain loom large In the programme this week we look at the on-going debate between Brussels, Berlin and Paris on the bloc’s economic woes and how to get out of them. We… 08/06/2012
Euro 2012 vs euro crisis As Euro 2012 got underway in the midst of an economic crisis the famous sporting cry of “show me the money” from the film Jerry Maguire is as relevant as the… 08/06/2012
Greece – broke but not broken In Athens, closed down shops, soup kitchens and charity clinics have become all too familiar sites – the result of an austerity plan many Greeks say is… 07/06/2012
Brussels unveils new safety plan for banks The European Commission has published its latest plans to ensure Europe’s taxpayers will not be left carrying the can for any future financial meltdowns… 06/06/2012
Europe Weekly: Ireland says ‘Yes’ to treaty In this week’s Europe Weekly we take a look at Ireland’s approval of the new EU fiscal pact following its referendum. In Greece, pro-bailout parties… 01/06/2012
Cees Maas, former Dutch Treasurer-General He is one of the ‘architects’ of the European Single Currency: Cees Maas, the former Treasurer-General of The Netherlands was one of the driving forces behind… 25/05/2012
Jan Kees de Jager, Dutch Finance Minister The Finance Minister of the Netherlands, Jan Kees de Jager, explains his austerity budget to euronews reporter Hans von der Brelie. His main message for the… 25/05/2012
The Dutch face austerity The economic and financial crisis has overthrown governments all-over Europe. In the Netherlands, the political parties have clashed over austerity measures… 25/05/2012
Euro tumbles on German weakness The euro’s value against the dollar fell on Thursday to its lowest in nearly two years pushed down by a slowdown in economic activity in Europe’s powerhouse… 24/05/2012
Eurozone is biggest threat to growth: OECD The eurozone heads the list of potential threats to the fragile economic recovery among developed countries according to the Organisation for Economic… 22/05/2012
Greece sacking to survive Greece is far from the only country in the world where public sector workers make up a large part of the total workforce. But its fiscal management and the… 17/05/2012
Greece in paralysis of uncertainty Greece has a new election scheduled for 17 June, since none of the parties emerged from the May 6 elections strong enough to form a government or were able to… 16/05/2012
Occupy the euroA demonstrator waits for police to clear a protest camp outside the European Central Bank (ECB) in Frankfurt. REUTERS/Kai Pfaffenbach 16/05/2012
Eurozone finance ministers meet amid growing fears over Greece Greece’s potential exit from the euro was once again top of the agenda as finance ministers gathered in Brussels for their monthly Eurogroup meeting. Last… 15/05/2012
Debate and speculation ahead of rescue fund decision The German Finance Minister Wolfgang Schäuble is tipped to be the next president of the Eurogroup, according to several sources in Brussels and in other… 27/03/2012
OECD warns euro crisis needs bigger response Eurozone finance ministers need to impress finance markets with the size of their rescue fund for indebted countries when they meet later this week according… 27/03/2012
Diplomatic hugsSpain’s Economy Minister Luis de Guindos (L) is being greeted by Luxembourg’s Prime Minister and Eurogroup chairman Jean-Claude Juncker at a Eurogroup meeting… 13/03/2012
Greece avoids default, but for how long? What has happening in Greece is the biggest restructuring of government debt in history. It comes after a nerve-wracking week when it looked like Greece’s… 09/03/2012
EU leaders put pen to paper on new fiscal treaty Signed; yes. Ratified; not yet! Despite that, Europe’s leaders have finally come up with the treaty they say will save the euro. The new so called fiscal… 02/03/2012
EU leaders sign new fiscal pact European leaders have put pen to paper on a new treaty they say will bring the bloc’s debts under control. The so-called fiscal compact, driven by France and… 02/03/2012
Greece: a rural exodus Angeliki Mihou has decided to take her future into her own hands. Last year, this Greek mother of two returned to her parents’ village to start a new venture…… 02/03/2012
EU leaders seek austerity growth balance Striking the balance between budget austerity and reviving lost growth was the focus as EU leaders met in Brussels earlier for the start of a two day summit… 01/03/2012
Eurozone January inflation slips Inflation in the 17 countries using the euro was lower than first estimated in January. The EU’s statistics office Eurostat said its latest calculations… 29/02/2012
Olympian restructuring comes due for Greece Greece is embarked on sales of star assets. This is Piraeus, the main port and industrial centre of Greece, is an jewel in an economic crown of thorns. Like… 20/02/2012
Greek deal just the start Even if there is smooth implementation of the latest Greek rescue deal economists have said it will take a decade or more to stabilise the country’s finances… 20/02/2012
Eurozone economy contracts further The north-south split is becoming more pronounced as the eurozone economy shrinks. Gross domestic product for the 17-nation currency bloc contracted by 0.3… 15/02/2012
China to the rescue for EU? – maybe With German Chancellor Angela Merkel in China seeking support for the ailing euro, Premier Wen Jiabao has said Beijing is considering upping its participation… 02/02/2012
Debt crisis slams Deutsche Bank earnings Not a good day for Deutsche Bank as it posted a big quarterly loss and was the target of anti-capitalism protestors at its headquarters who strung up a banner… 02/02/2012
Europe Weekly previews EU summit On this weekend’s Europe Weekly, we’ll find out more about the EU’s impending oil embargo on Iran. We’ll also explore how Hungary may u-turn on some of… 27/01/2012
Euro ministers upbeat on Greece and crisis European finance chiefs have been working hard at the World Economic Forum to reassure business and political leaders that the euro zone is on track to… 27/01/2012
Investors switch debt focus to Portugal Portugal has become the next big worry for investors who see it as following Greece into debt trouble. The feeling in the market is that Lisbon will need a… 27/01/2012
ILO highlights chronic need for jobs An alarming report from the International Labour Organisation which says there are nearly 200 million people currently unemployed worldwide and 600 million… 24/01/2012
Generation Y wants change and now In this edition of The Network with Chris Burns — Generation Y, how are Europeans born in the 1980’s and 90’s facing the financial crisis? How would they like… 20/01/2012
UK-EU: should I stay or should I go? The age old debate of Britain’s place at the heart of Europe is heating up once again. Last month Eurosceptics praised Prime Minister David Cameron for… 19/01/2012
French downgrade jars Germans France’s loss of a triple-A credit rating from one agency has put a nasty scratch in Nicolas Sarkozy’s policy record, less than 100 days from a presidential… 16/01/2012
Denmark seeks to unify EU divisions Danish Prime Minister Helle Thorning-Schmidt and European Commission Chief Jose Manuel Barroso have stressed the need for unity if Europe is to solve its debt… 12/01/2012
Spain adopts austerity plan Spain’s Parliament passed the new conservative government’s first austerity measures. They are aimed at reducing the country’s massive deficit with almost… 11/01/2012
Good news from capital markets? The first week of the new year has brought some interesting developments in the euro debt crisis. The first bond auctions of January — in Germany and… 06/01/2012
Eurozone bond auctions kick off Germany easily sold just over four billion euros of 10-year government bonds in its first auction of the year on Wednesday. Along with the pick-up in demand… 04/01/2012
Eurozone private sector downturn eases The downturn in the eurozone’s private sector economy has eased slightly. The latest surveys of companies’ purchasing managers showed an improvement in… 04/01/2012
Madrid tightens belt for 2012 Spaniards rang in the new year with traditional gusto in spite of the economic forecasts getting worse. On each of the 12 strokes of midnight they struggle to… 03/01/2012
Belgium’s Praet to be ECB’s chief economist The European Central Bank has chosen Belgian Peter Praet as its chief economist. German born, the 62-year-old has worked previously at the International… 03/01/2012
Blunt warning from Athens on euro future Greece will have to leave the eurozone if it fails to reach a deal on a second, 130 billion euro bailout with its international lenders. That unusually… 03/01/2012
A decade of the euro On new year’s day 2002 euro notes and coins hit the streets for the first time. They were introduced with much enthusiasm and optimism as a currency that… 02/01/2012
The euro crisis: What’s in store for 2012? The euro debt crisis in all its facets kept the financial community extremely busy during 2011 making it a dramatic year. The markets experienced one of… 31/12/2011
2011: the year of the bear There was a lot for traders to bear in 2011 which was an exhausting year for the world’s stock markets, particularly in Europe. It was a time of extreme… 29/12/2011
A year of crisis summits, but little progress For Europe’s politicians, the task of 2011 was to save the euro and the way chosen to do that was to hold summits. The region’s politicians convened a total… 28/12/2011
Is a euro break-up looming? Is a break-up of the euro looming? That was the question of the year – and it remains unanswered. The new president of the ECB sent conflicting messages on… 23/12/2011
Draghi speaks up for the euro – but not in GermanEuropean Central Bank President Mario Draghi caused amusement as he tried — not very successfully — to speak German while addressing the European Parliament… 19/12/2011
Finland slashes growth forecast The Bank of Finland has cut its economic growth forecast for the next two years and said the government must make “substantial” spending cuts and increase… 15/12/2011
EU pessimism hits euro’s value Worries about a lack of a solution to the eurozone sovereign debt crisis caused the euro to take a pounding on the foreign exchanges on Wednesday. It… 14/12/2011
City of London welcomes Cameron’s EU veto Cracks in relationships continue in Europe and the UK after Prime Minister David Cameron’s veto in Brussels. Retaliation was in the air in Strasbourg on… 13/12/2011
Greek budget woes worsen As inspectors from the European Union , the IMF and the European Central Bank —- the so-called troika — continue to comb through the government’s accounts at… 13/12/2011
EU summit hopes fade fast in the markets The boost to the financial market from the measures outlined at last week’s EU summit to strengthen the region’s budget discipline did not last long. With… 12/12/2011
Monti: ‘not the birth of a 2-speed Europe’ On his first EU summit, the new Italian Prime Minister Mario Monti was one of the protagonists of the long marathon to save the euro and strengthen fiscal… 10/12/2011
Money: The root of the EU’s evils Standard and Poor’s have caused an uproar in Europe this week after reviewing 15 of the 17 eurozone countries with a negative outlook. Even triple AAA rated… 09/12/2011
