Eurozone inflation came to an end in March
A year-long rise in the eurozone’s annual rate of inflation came to an end in March. Consumer prices were 1.5% higher than a year earlier, a sharp fall from the 2% rate seen in February. […]
Eurozone
Greece, EU closer to ending deadlock on bailout
Greece: EU and Greek negotiators said they are “close to common ground” on how to end a standoff over the next phase of the Greek bailout and release funds the country needs to make bond […]
European Commission upgrades economic outlook
The European Commission issued a cautiously optimistic economic outlook. It is raising its 2017 eurozone growth forecast to 1.6% from 1.5%. At the same time, Economic Affairs Commissioner Pierre Moscovici said Europe must be prepared […]
Germany renews call for higher interest rate
German Deputy Finance Minister Jens Spahn has repeated the country’s call to the European Central Bank for a stronger euro and a rise in interest rates. The US has claimed that Germany is keeping the […]
Greek minister calls IMF demands “irresponsible”
The International Monetary Fund is making “irresponsible demands” that are disrupting Greece’s bailout, said George Katrougalos, the Greek alternate foreign minister for EU affairs. The IMF’s positions are the only obstacles standing in the way […]
Yields on two-year Greek bonds are up 9 basis points
Yields on two-year Greek bonds are up 9 basis points and are at their highest level since the middle of last year, as a rare split on IMF board puts the country’s bailout at risk. […]
IMF: Greece’s debt remains unsustainable
Over the long term, Greece’s huge debt is “unsustainable” even though the country is making some progress in tackling the problem and its economy is starting to grow again, the International Monetary Fund said. Greece […]
ECB: Draghi stands firm on quantitative easing
European Central Bank (ECB) President Mario Draghi acknowledged that the economy is showing signs of strengthening, but told a meeting of European lawmakers that the ECB has no plans to end its policy of stimulus […]
Eurogroup suspends debt relief for Greece
Eurogroup finance ministers have frozen short-term debt relief for Greece that they had approved Dec. 5 after Greek Prime Minister Alexis Tsipras proposed a one-time payout to low-income pensioners. The payout would violate Greece’s agreement […]
Eurozone PMI came in solid for December
Amid political uncertainty, Eurozone PMI came in solid for December. Flash services PMI for December came in at 53.1 vs. 53.8 estimated. The gauge on incoming new business fell to 52.8. Eurozone flash manufacturing PMI […]