About: Eurozone

Economy & Jobs 16-01-2020

In blow to Eurogroup head, EU Commission criticises Portugal’s budget

The European Commission said on Wednesday (15 January) that Portugal's draft budget for 2020 was at risk of breaking European Union fiscal rules because of insufficient progress in reducing its structural deficit.
Banking union 16-01-2020

No progress on reform of eurozone bailout fund until March

Reform of the eurozone bailout fund will remain frozen until at least March, a senior official said on Wednesday (15 January), as governments are still divided over technical details on bond restructuring.

Croatia highlights its Schengen and Eurozone ambitions

Croatian Prime Minister Andrej Plenković made it clear that Croatia, the latest EU newcomer, wants to join as soon as possible the Union’s inner circles – the borderless Schengen space and the Eurozone.
Economy & Jobs 07-01-2020

Eurozone growth driven by services, weighed down by industry slump

While the eurozone's private sector stagnated until December 2019, the manufacturing sector saw a prolonged slump. It is the services sector that continues to drive the Eurozone's growth. EURACTIV's partner La Tribune reports.
Economy & Jobs 06-12-2019

Late Erasmus founder Lenarduzzi said Europe ‘as we conceived it’ is blocked

To honour the legacy of late Erasmus "father" Domenico Lenarduzzi, who passed away on Tuesday (3 December), EURACTIV is reposting an interview with him that was originally published on 22 September 2011.
Economy & Jobs 09-10-2019

France to convince member states on size of eurozone budget

Since the June agreement on the eurozone budget, blockages have persisted between the 19 members of the euro area. But France is now taking an active role in persuading the others of the need to pin down practical details. EURACTIV France reports.
Economy & Jobs 27-09-2019

France urges Germany to follow its example with budget stimulus

France will cut taxes by more than €10 billion next year and Germany should follow Paris' footsteps with fiscal stimulus to revive its flagging economy, France's finance minister said on Thursday (26 September).
Economic governance 24-09-2019

French business expansion slows amid sluggish eurozone

France's private sector is growing at a slower rate and has reached the lowest level in the past four months, according to forecasts published by IHS Markit on Monday (23 September). For the eurozone, business expansion fell to the lowest level since June 2013. EURACTIV's partner La Tribune reports.
Economy & Jobs 13-09-2019

Growing pressure on eurozone economies to launch stimulus

The European Commission and some member states including France followed the ECB in pressing Germany and other countries with fiscal space to invest more to counter the risk of recession.
Economic governance 12-09-2019

The seven-point recipe to improve EU’s messy fiscal rules

The European Fiscal Board has recommended major reform of the Stability and Growth Pact in order to simplify the EU’s spending rules and favour productive investment in the era of low-interest rates.
Economy & Jobs 10-09-2019

Italy’s PM seeks EU reform as government wins confidence vote

Italian Prime Minister Giuseppe Conte called Monday (9 September) for the reform of European Union budget rules and cooperation on immigration as his new government won a parliamentary confidence vote.
Economy & Jobs 20-08-2019

Recession fears grow as euro area inflation hits three-year low

Inflation in the euro area fell to 1% in July, its lowest level since 2016, according to Eurostat data released on Monday (19 August), adding pressure on the European Central Bank to consider relaunching its economic stimulus program in September.
Economy & Jobs 19-08-2019

Germany’s slowing growth is penalising the whole of Europe

The European train is slowing down as one of its main drivers, the German economy, is experiencing a slowdown. At the same time, job creation across the EU is declining. EURACTIV's partner Euroefe reports.
Economy & Jobs 26-07-2019

Unconventional measures are seeing a comeback at the ECB

The ECB's key interest rate remains at zero and is expected to be at that rate at least until summer 2020. However, ECB chief Mario Draghi is suggesting that a decisive fiscal policy is far more important for the eurozone, especially for Germany and Italy. EURACTIV Germany reports.
Economy & Jobs 10-07-2019

Commission’s forecast paves the way for new ECB stimulus

The European Commission kept its growth forecast unchanged at 1.2% on Wednesday (10 July) but revised downwards inflation to 1.3% for this year and the next, strengthening the case for further monetary stimulus as global economic risks worsen.
Economy & Jobs 05-07-2019

Croatia launches bid to join euro waiting room

Croatia launched Thursday (4 July) a bid to join Europe's Exchange Rate Mechanism II, the two-year waiting room for eurozone candidates which pegs their currencies to the euro, the national bank said.
Economic governance 26-06-2019

EU fiscal board insists on stabilisation mechanism

Any systemic shock will not affect just some countries but the whole euro area so if member states want to counter it adequately, they need to have a central fiscal capacity, European Fiscal Board (EFB) president Niels Thygesen told reporters on Tuesday (25 June). 
Economy & Jobs 26-06-2019

Italy’s Tria sees no obstacles to budget deal with EU

Italy's economy minister said on Tuesday (25 June) he was confident of reaching an agreement with the European Union over the country's budget, adding that deficit targets in a draft deal would reflect a "more than prudent" fiscal policy.
Economy & Jobs 21-06-2019

Stabilisation mechanism in induced coma after EU leaders’ meeting

EU leaders failed to inject further ambition to a Eurogroup deal on watered-down reforms of the Economic and Monetary Union, including a budgetary instrument for the eurozone, at the Euro summit on Friday (21 June). 
Economy & Jobs 13-06-2019

Trade tensions boosted international role of euro, ECB reports

Trade tensions, challenges to multilateralism and unilateral sanctions might be bad for the economy but they have helped boost the global use of the euro, the European Central Bank reported on Thursday (13 June).
Economy & Jobs 13-06-2019

Far from ‘devalued’, euro surges as trade war hits yuan

If evidence is needed of how far ripples from the Sino-US trade war are reaching, have a look at Europe where the yuan’s slump is driving up the euro’s value against trade partners’ currencies, handicapping the export-reliant bloc’s economy. Contrary...
Economy & Jobs 13-06-2019

Eurogroup to nudge forward EMU reform before next week’s EU summit

EU finance ministers will try to close a deal on deepening the Economic and Monetary Union, including a tentative new budget for the eurozone, during the Eurogroup meeting on Thursday (13 June) in an inclusive format. 
Economy & Jobs 05-06-2019

Global growth continues to weaken, World Bank report confirms

After the IMF and the OECD, the World Bank has also cut its 2019 growth forecasts. Uncertainties over trade and investment are at the root of this slowdown, which is also affecting the eurozone. EURACTIV France reports.
Economic governance 17-05-2019

Growing concerns over Greece and Italy, as negotiations stall on eurozone budget

Latest Greece and Italy’s fiscal plans raised concerns in Brussels, as the Eurogroup met for another round of negotiations on the budgetary instrument for the Eurozone on Thursday (16 May), without major achievements.

Want to know what's going on in the EU Capitals daily? Subscribe now to our new 9am newsletter.