European Union Economy & Euro - information on Economy & Euro in EU

ECB raises borrowing rate despite economic slowdown [FR] [DE]

Trichet: EU's economic credentials 'remain sound'

In a widely expected move aimed at keeping inflation in check, the European Central Bank (ECB) yesterday (3 July) raised its central rate to 4.25%, sending euro trading near to its highest level against other currencies.

Inflation hits record high in the EU [FR] [DE]

Latest Eurostat figures show that the annual inflation rate hit a record high in May 2008 for both the 15-nation euro zone and the whole EU 27. The main causes are soaring energy and food prices, which are set to figure high on the agenda of the meeting of EU leaders on Thursday.

G8: Oil, food prices endanger global economy [FR] [DE]

Fishermen protest in Brussels against fuel prices [FR]

Eurogroup dismisses French proposal to cut VAT on fuel [FR]

Eurogroup urges restraint over 'excessive' corporate bonuses [FR] [DE]

Commission criticises lack of euro unity on 10th anniversary [FR] [DE]

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LinksDossiers

Stability and Growth Pact [FR] [DE]

Heads of state and government agreed at the March 2005 Summit to revise the EU's Stability and Growth Pact reform. (read more)

Flat tax [FR] [DE]

'Flat tax' is a recurring issue in the new member states these days, and calls for tax cuts and simplification are also coming from elsewhere in Europe. (read more)

Enlargement and the euro [FR] [DE]

In accordance with the provisions of the Maastricht Treaty, all new members of the EU are eligible to join the European single currency, the euro. (read more)

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