About: Eurozone

Economy & Jobs 08-05-2020

ECB will continue doing whatever is necessary to deliver on mandate, Lagarde says

European Central Bank chief Christine Lagarde has responded to a recent German court ruling that challenged the bank's authority by saying the ECB is an independent institution, accountable to the European Parliament, that will continue to do whatever it takes to deliver its mandate.
Economy & Jobs 27-04-2020

All eyes on ECB for further virus-fighting moves

The European Central Bank has launched a series of never-before-seen measures to cushion the economic blow from the coronavirus pandemic but it looks set to reaffirm Thursday (30 April) it will do more still, even if some of the options appear limited.
Economy & Jobs 21-04-2020

Merkel open to bigger EU budget, bonds to finance post-crisis recovery

German Chancellor Angela Merkel signalled readiness on Monday (20 April) to finance economic recovery in Europe from the coronavirus pandemic through a bigger European Union budget and the issuance of joint debt via the European Commission.
Future EU 07-04-2020

EU ministers to agree virus rescue plan, not ‘coronabonds’

EU countries are nearing an economic rescue plan for European countries worst hit by the coronavirus outbreak, sources said on Monday (6 April), but not at the level of ambition called for by Italy and Spain.
Economy & Jobs 20-03-2020

EU open to ‘coronabonds’ to cushion economic fallout – von der Leyen

The European Commission is ready to consider backing common debt issuance in the eurozone to help the bloc weather the massive economic impact of the coronavirus outbreak, its president said on Friday (20 March).
Economy & Jobs 16-03-2020

Coronavirus will send EU spiraling into recession in 2020: Breton

The coronavirus pandemic will plunge the European Union into recession this year, the EU’s internal market Commissioner Thierry Breton said, estimating the bloc’s economy risked a 2-2.5% hit.
Economy & Jobs 16-03-2020

EU ministers hold videoconference to agree coordinated economic coronavirus response

European Union finance ministers plan to agree on Monday (16 March) on a coordinated economic response to the coronavirus pandemic, with the European Commission forecasting the effects of the virus could push the EU into a recession. The action would...
Economy & Jobs 02-03-2020

Coronavirus deaths rise in Italy, government prepares economic support

The death toll from an outbreak of coronavirus in Italy has risen to 34, five more than a day earlier, officials said on Sunday (1 March), as the government prepared to boost spending to help the fragile economy.
Economy & Jobs 27-02-2020

Bulgaria’s balance of payments reporting to Brussels ‘seriously flawed’

Eurostat and the European Commission have been informed of a serious problem with the reporting of the balance of payments of the Bulgarian economy to the EU institutions, which may have presented the country's GDP growth as much higher than it is. EURACTIV Bulgaria reports.
Economy & Jobs 21-02-2020

Bulgaria delays entry into euro ‘waiting room’ until July

Bulgaria has delayed until July its plans to join the ERM2 Exchange Rate Mechanism, also known as the eurozone "waiting room", Prime Minister Boyko Borissov said Friday (21 February).
Economy & Jobs 18-02-2020

Eurozone ministers discuss fiscal boost options as coronavirus worries weigh

Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday (17 February), in a potential nudge to Germany and the Netherlands to spend more as fears of a downturn grow in the wake of the coronavirus epidemic.
Economy & Jobs 06-02-2020

Bulgaria changes legislation to join euro ‘waiting room’

Bulgaria's parliament adopted on Thursday (6 February) changes to the country's central bank law so as to allow its accession to the "waiting room" of the eurozone.
Economy & Jobs 30-01-2020

EU eyes phasing out smallest euro cent coins

The European Commission is considering a proposal to phase out 1-euro cent and 2-euro cent coins, an EU document showed, in what would be a cost-saving move as the coins' production and handling costs often exceed their face value.
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 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.
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