Eurozone

EuroZone

Welcome to our EuroZone Blogs Section.

The collective group of countries which use the Euro as their common currency. The Eurozone came into being in 1999, and originally consisted of 11 countries. Now 17 countries are members of the Eurozone. The Eurozone does not include every country in the European Union (some countries are not yet using the Euro), and does not include every country who is using the Euro (to become part of the Eurozone, the country must use the Euro as its sole legal currency). As a currency union, monetary rules are created and maintained by the European Central Bank.

This term refers to the economic area, also known as Euroland, comprising the 17 countries that have adopted the euro.
The 17 countries are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal,Slovakia, Slovenia and Spain.

Below is the latest news and information blogs about EuroZone.

The Buzz | Eurozone interest rates could stay frozen well into 2019

Weaker signals from the economy and worries about a possible trade war between the United State and China have left the top monetary authority for the 19 countries that use the euro in no hurry to start withdrawing its monetary stimulus. And that means the central bank’s short-term interest rate benchmark will almost certainly stay at zero well into next year, ensuring low borrowing costs for businesses but miserly returns for savers. Analysts think ECB President Mario Draghi will try…

0
Read More

Dollar climbs as U.S. 10-year bond yield flirts with 3 percent

NEW YORK (Reuters) – The U.S. dollar rallied to a four-month high on Monday as the 10-year Treasury yield’s climb toward the psychologically important 3 percent level spurred buying of the greenback, leaving the euro and yen lower. U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration The 10-year yield hit its highest in over four years at 2.998 percent, driven by worries about the growing supply of government debt and accelerating inflation…

0
Read More

ECB mulls shelving rules tackling euro zone’s bad loans pile

FRANKFURT/WASHINGTON (Reuters) – The European Central Bank, after suffering a political backlash, is considering shelving planned rules that would have forced banks to set aside more money against their stock of unpaid loans. FILE PHOTO: The headquarters of the European Central Bank (ECB) and the Frankfurt skyline with its financial district are photographed on early evening in Frankfurt, Germany, March 25, 2018. REUTERS/Kai Pfaffenbach The guidelines, which were expected by March, had been presented as a main plank of the…

0
Read More

German wage growth outpacing rest of eurozone: study | News

Wages in Germany have grown much faster than in other eurozone countries in recent years, a Bundesbank (central bank) study published Monday found, reversing conditions seen before the financial crisis that stoked intra-European resentment. Pay packets in Europe’s largest economy swelled by 2.7 percent per year on average between 2014 and 2017, far outpacing the 1.0 percent seen in the remaining 18 single currency nations. In the pre-crisis years from 2004 to 2007, German wages grew 0.6 percent annually compared…

0
Read More

Euro zone bonds sell off as U.S. 10-year yield heads towards 3 percent – UK Money News

* U.S./German bond yield spread hits widest in 29 years * Oil prices are pushing investors out of govt bonds * Most euro zone bond yields up 2-4 bps * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr By Abhinav Ramnarayan LONDON, April 23 (Reuters) – Investors shed euro zone government bonds on Monday morning after 10-year U.S. Treasury yields headed towards the 3 percent mark as rising commodity prices force inflation expectations higher. Signs of a thawing of relations between…

0
Read More

Gold: Gold slips to 2-week low as rising bond yields support dollar

BENGALURU: Gold prices slipped to their lowest level in nearly two weeks on Monday as the dollar remained supported on the back of rising US Treasury yields. FUNDAMENTALS Spot gold was down 0.1 per cent at $1,333.20 per ounce at 0051 GMT, after earlier touching its lowest since April 10 at $1,331.70. US gold futures fell 0.2 per cent to $1,335.50 per ounce. The dollar index , which measures the greenback against a basket of currencies, was up about 0.1…

0
Read More

GRAINS-Wheat prices jump 1 pct as U.S. rains bring only…

By Reuters Published: 21:47 EDT, 22 April 2018 | Updated: 21:47 EDT, 22 April 2018 SYDNEY, April 23 (Reuters) – U.S. wheat futures rose 1 percent on Monday, rebounding from a 10-day low touched earlier in the session, as fears over the condition of the U.S. crop resurfaced as recent rains delivered only partial relief. FUNDAMENTALS * The most active wheat futures on the Chicago Board of Trade were up 1 percent at $4.82 a bushel by 0118 GMT, after…

0
Read More

MAS, HSBC, J.P. Morgan, R3, Standard Chartered and IBM Join Blockchain for Finance Conference in Singapore – Eurozone News Today

MAS, HSBC, J.P. Morgan, R3, Standard Chartered and IBM Join Blockchain for Finance Conference in Singapore – Eurozone News Today – EIN News Trusted News Since 1995 A service for global professionals · Sunday, April 22, 2018 · 443,447,168 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

0
Read More

Reuters Business News Schedule at 2030 GMT/4:30 p.m. ET

Editor: James Dalgleish + 1 646 223 6200 Global Picture Desk: +65 6870 3775 Global Graphics Desk: + 65 6870 3595 (All times GMT / ET) Receive this schedule by email: mediaexpress.reuters.com TOP STORIES U.S. Treasury chief may visit China as trade tensions simmer WASHINGTON – U.S. Treasury Secretary Steven Mnuchin says he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices.…

0
Read More

CRH results likely to be affected by poor weather

Monday Results: Südzucker, Alphabet, Hasbro, Whirlpool, Xerox. Indicators: Euro zone composite, manufacturing and services PMI flash (Apr); German composite, manufacturing and services PMI flash (Apr); US composite, manufacturing and services PMI (Apr). Meetings: Industry Europe: The Product Conference for software design (Dublin Castle); touRRoir global food and tourism forum (NUI Galway).   Forum aims to help industries capitalise on tourist attractions The Wild Atlantic Way was there for thousands of years before “a brand was put on it”, turning it into…

0
Read More

Germany: Social Democrats choose Andrea Nahles as first female chair

Designated SPD leader Andrea Nahles addresses a one-day party congress of the Social Democratic Party (SPD) in Wiesbaden, Germany, April 22, 2018. REUTERS/Ralph Orlowski Wiesbaden (Germany)/Berlin: Germany’s Social Democrats (SPD) elected Andrea Nahles as their first ever female leader on Sunday, hoping she can reinvigorate the country’s oldest party after it suffered heavy losses in September’s election. Some 66 per cent of SPD delegates at a congress voted for Nahles, a plain-speaking former labour minister and Catholic mother of one…

0
Read More

Germany’s Social Democrats choose first female chair in hope of revamp

Wiesbaden, GERMANY/BERLIN (Reuters) – Germany’s Social Democrats (SPD) elected Andrea Nahles as their first ever female leader on Sunday, hoping she can reinvigorate the country’s oldest party after it suffered heavy losses in September’s election. Designated SPD leader Andrea Nahles addresses a one-day party congress of the Social Democratic Party (SPD) in Wiesbaden, Germany, April 22, 2018. REUTERS/Ralph Orlowski Some 66 percent of SPD delegates at a congress voted for Nahles, a plain-speaking former labor minister and Catholic mother of…

0
Read More

Germany’s Social Democrats choose first female chair in hope of revamp

Wiesbaden, GERMANY/BERLIN (Reuters) – Germany’s Social Democrats (SPD) elected Andrea Nahles as their first ever female leader on Sunday, hoping she can reinvigorate the country’s oldest party after it suffered heavy losses in September’s election. Designated SPD leader Andrea Nahles addresses a one-day party congress of the Social Democratic Party (SPD) in Wiesbaden, Germany, April 22, 2018. REUTERS/Ralph Orlowski Some 66 percent of SPD delegates at a congress voted for Nahles, a plain-speaking former labor minister and Catholic mother of…

0
Read More

Euro zone to link debt relief to sound future Greek policies

WASHINGTON (Reuters) – Euro zone creditors are working on a debt relief offer for Greece that would be an incentive for Athens not to backtrack on reforms from its three international bailouts and to continue to stick to prudent fiscal policy, senior EU officials said. Greece is to exit its bailout on Aug. 20 and return to market financing after eight years of living on cheap euro zone loans it got in return for painful reforms, after investors refused to…

0
Read More
About

Business on the Web provides the latest Business News: Breaking Personal Finance, Company,  Financial and Economic News.

Our blogs are an excellent place for technology professionals to get up-to-date industry news. Blogging about the hottest education technology issues.

Social Links