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Economy

Inflation has not peaked and risks rising even higher, says ECB head

Inflation in the 19 countries that use the euro hit a record 10.6% on a yearly basis last month.

Economy

Christine Lagarde warns of further ECB interest rate hikes

Christine Lagarde warns ECB may have to raise interest rates beyond merely withdrawing stimulus.

Economy

Inflation is raging in Estonia. So what's it like going food shopping?

You paid how much for that? Estonians have seen some of the biggest rises in Europe for food and fuel.

Economy

Half of eurozone countries heading for recession, IMF chief predicts

"The loss to the European people is quite, quite dramatic," Kristalina Georgieva told Euronews.

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Economy

Will Ireland's Paschal Donohoe keep his role as 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.

Money

These EU countries have spent €300bn to ease the cost of living crisis

Some countries in the eurozone are spending more than others to tackle the rising cost of living for their citizens.

Business

Eurozone annual inflation hits a record at 9.1% in August

Inflation in the euro area hit another record in August at 9.1%, fueled by soaring energy prices mainly driven by Russia’s war in Ukraine.

Economy

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.

Economy

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.

Economy

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.

Economy

Watch: What's behind inflation in the eurozone?

Inflation in the eurozone keeps reaching new record highs. Here's why.

Economy

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.

Economy

Europe's week: EU economic woes mount & Ukraine war crimes commitment

Here are the top stories from Brussels this past week.

Economy

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.

Economy

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.

Economy

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.

Economy

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.

Economy

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.

Economy

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.

Economy

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.