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.

Euro zone to decide on Greek debt relief as bailout exit nears

LUXEMBOURG, June 21 (Reuters) – Euro zone finance ministers will decide on Thursday how much cash and debt relief to give Greece in return for compliance with economic reforms, to ensure Athens can finance itself after it exits its bailout in August. Greece has been living primarily on money borrowed from euro zone governments in three bailouts since 2010, when it lost market access because of a ballooning budget deficit, huge public debt and an inefficient economy and welfare system.…

0
Read More

Euro zone to decide on Greek debt relief as bailout…

By Reuters Published: 19:00 EDT, 20 June 2018 | Updated: 19:00 EDT, 20 June 2018 By Jan Strupczewski LUXEMBOURG, June 21 (Reuters) – Euro zone finance ministers will decide on Thursday how much cash and debt relief to give Greece in return for compliance with economic reforms, to ensure Athens can finance itself after it exits its bailout in August. Greece has been living primarily on money borrowed from euro zone governments in three bailouts since 2010, when it lost…

0
Read More

The Brief – The price of a hollow eurozone budget – EURACTIV.com

More than a year after Emmanuel Macron won the presidential elections in France, and following three months of arduous negotiations between Paris and Berlin, the French president finally got his trophy: a specific budget for the eurozone. Chancellor Angela Merkel accepted in a bilateral meeting held near Berlin setting up this fund to support investment and to stabilise the region in times of turbulences, as part of a broader deal to complete the euro area’s architecture. “We are opening a…

0
Read More

Draghi welcomes Franco-German proposal on euro zone budget

SINTRA, Portugal, June 20 (Reuters) – A Franco-German proposal to deepen the monetary union through a euro zone budget is an encouraging step and should be welcomed, European Central Bank President Mario Draghi said on Thursday. “The recent document produced by France and Germany is to be welcomed,” Draghi told a central banking conference. “It’s an encouraging step in this direction (of deepening the monetary union)” “It’s made important by the very difficult political circumstances in which document was produced…

0
Read More

It's a sit-down in a castle north of Berlin that was supposed to finally get eurozone reform on track, but the migrant crisis again stole the show. Angela Merkel and her cabinet hosted Emmanuel Macron's team as she fends off fresh challenges from…

Latest update : 2018-06-19 Produced by Charles WENTE, Alessandro XENOS, Van MEGUERDITCHIAN. By François PICARD Our guests Roland TICHY Journalist and Commentator Leopold TRAUGOTT Policy Analyst, Open Europe Alexis POULIN Co-founder, Le Monde moderne Elmar … Source link

0
Read More

Angela Merkel faces fresh battle with hardline rivals, over eurozone budget

Berlin — Chancellor Angela Merkel’s conservative allies on Wednesday took aim at her backing for a new eurozone budget, German media reported, opening up another front in their attack against her. Merkel’s Bavarian allies the Christian Social Union (CSU) gave her an ultimatum on Monday to curb migrant arrivals or risk pitching Germany into a political crisis that could rattle Europe. The Bavaria-based party has now also taken issue with an agreement between France and Germany to set up a…

0
Read More

Merkel’s conservatives warn euro zone budget could split EU

BERLIN (Reuters) – Members of Chancellor Angela Merkel’s conservative bloc opposed to larger financial contributions to the euro zone on Wednesday reacted with scepticism to her agreement with French President Emmanuel Macron to create a common budget for the currency bloc. German Chancellor Angela Merkel and French President Emmanuel Macron react as they await European Commission President Jean-Claude Juncker in Meseberg, Germany, June 19, 2018. REUTERS/Hannibal Hanschke Merkel and Macron hailed a “new chapter” for the euro zone after talks…

0
Read More

ECB’s Villeroy to Italy: all euro zone members must respect rules

PARIS (Reuters) – The economic choices of Italy’s new government remain largely uncertain and all euro zone countries must stick to the bloc’s rules, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Wednesday. FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau in Berlin, Germany, September 23, 2016. REUTERS/Axel Schmidt/File Photo Villeroy, who is also the Bank of France head, said in an annual report on the French and euro zone economies that Italy…

0
Read More

Macron wins Merkel’s backing on budget for eurozone – EURACTIV.com

French President Emmanuel Macron on Tuesday (19 June) won German Chancellor Angela Merkel’s backing for reforms that are aimed at bolstering the eurozone against crises, including a vaunted budget for the bloc. But its size remains vague and its creation could still face resistance from other members. “We are beginning today a second step in the life of our common currency,” said Macron, after talks with Merkel in the Meseberg castle near Berlin. Jamais un accord franco-allemand n’avait été trouvé…

0
Read More

Latin American Herald Tribune – Germany’s Merkel Announces Eurozone Reform Agreement with France’s Macron

MESEBERG, Germany – Germany’s Chancellor Angela Merkel announced on Tuesday that she had reached an agreement with French President Emmanuel Macron on a reform of the eurozone that includes a common budget for the European Union. Merkel and Macron’s agreement, which was made public at a meeting in Meseberg, outside Berlin, also involves adapting the current rescue fund into a version of the International Monetary Fund. The two met to find a common position ahead of an…

0
Read More

CORRECTED: Macron wins Merkel’s backing on budget for eurozone | News

France’s President Emmanuel Macron on Tuesday won German Chancellor Angela Merkel’s backing for reforms aimed at bolstering the eurozone against crises, including a vaunted budget for the bloc. But its size remains vague and its creation could still face resistance from other members. “We are beginning today a second step in the life of our common currency,” said Macron, after talks in Germany with Merkel. The eurozone budget will have its own governance structure, and be a “real budget with…

0
Read More

Merkel, Macron agree on eurozone budget

US withdraws from ‘biased’ UN Human Rights Council Read more To prosecute parents, ‘you have to take the children away’, Trump says Read more Russia on verge of last 16 after beating Egypt 3-1 Read more Merkel, Macron agree on eurozone budget Read more Senegal beat Poland for first African win at 2018 World Cup Read more UN: over 25,000 people fled fighting at Yemen’s Hodeida Read more Japan upset 10-man Colombia 2-1 in World Cup Read more ‘Call me…

0
Read More

France says Eurozone budget to be operational from 2021

Macron said after talks with Markel in Meseberg Palace, northeastern Germany, on Tuesday that he and the German chancellor had agreed on the principle that the eurozone should have its own budget in the coming years. He said ministers will conclude until the end of the year the details of the mechanism, including whether it would be financed by national sources or a bloc-wide tax, Presstv Reported. The budget is part of Macron’s proposals for reforms in the…

0
Read More

Paris and Berlin Urge Debate on EU Security Council Creation – Joint Declaration

Europe 17:45 19.06.2018(updated 21:57 19.06.2018) Get short URL Both politicians have previously proposed separate versions of EU reform, concerning migration policy, security issues, European bureaucracy and common funds. German Chancellor Angela Merkel stated Tuesday after discussing EU reform with Emmanuel Macron during the Franco-German Council at the castle of Meseberg, that both Paris and Berlin support plans for strengthening the EU’s external borders. “We support the plans of the European Commission and the Austrian presidency of the Council of the European Union to strengthen the protection of external borders, which means…

0
Read More

Macron wins Merkel’s backing on budget for eurozone | News

France’s President Emmanuel Macron on Monday won German Chancellor Angela Merkel’s backing for reforms aimed at bolstering the eurozone against crises, including a vaunted budget for the bloc. But its size remains vague and its creation could still face resistance from other members. “We are beginning today a second step in the life of our common currency,” said Macron, after talks in Germany with Merkel. The eurozone budget will have its own governance structure, and be a “real budget with…

0
Read More

Radio Romania International – Negotiating Brexit from the EU perspective ll

The issue of the United Kingdom leaving the European Union – a move British citizens decided through a referendum in 2016 – is an unprecedented challenge for the European community. Negotiations for an agreement ahead of an amicable parting are a difficult process, with many chapters, allegedly complicated. The Euranet Plus, the European Radio network, where Radio Romania is a founding member, has recently staged a debate with Michel Barnier, the European Union’s chief negotiator in the process of Great…

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