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.

Greece under tight watch post-bailout, can be a…

Greece under tight watch post-bailout, can be a “success story”- ESM By Reuters Published: 13:59 EDT, 19 August 2018 | Updated: 13:59 EDT, 19 August 2018 By George Georgiopoulos ATHENS, Aug 19 (Reuters) – Greece will be more tightly monitored after it exits its bailout programme than other euro zone countries that received similar loans, the head of the bloc’s rescue mechanism told a Greek newspaper on Sunday. Athens is set to exit its latest bailout on Aug. 20 and…

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Bodies of family found five days after Genoa bridge collapse, death toll hits 43

MILAN (Reuters) – Rescue workers found the bodies of three members of a family in the wreckage of Genoa’s collapsed motorway bridge early on Sunday – the last people reported missing in the disaster, bringing the death toll to 43. FILE PHOTO: Firefighter helicopter flies over the collapsed Morandi Bridge in the port city of Genoa, Italy August 16, 2018. REUTERS/Stefano Rellandini The bodies were recovered from a car crushed under slabs of concrete, the Genoa prefecture said, five days…

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Final three bodies found following Italy bridge collapse bringing search operation to an end

The scene in Genoa where the Morandi Bridge collapsed during torrential rain Rescues work among the debris of the collapsed Morandi highway bridge in Genoa, Tuesday, Aug. 14, 2018. (Luca Zennaro/ANSA via AP) A picture taken on August 14, 2018 in Genoa shows a view of the Ponte Morandi motorway bridge, after one of its section collapsed Photo: ANDREA LEONI/AFP/Getty Images Rescues work among the debris of the collapsed Morandi highway bridge in Genoa, Tuesday, Aug. 14, 2018. (Luca Zennaro/ANSA…

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Search operation ended in Genoa, bridge death toll rises to 43

MILAN (Reuters) – The search operation for those missing after a motorway bridge collapsed in the Italian port city of Genoa ended overnight after the last three bodies were found, bringing the official death toll to 43. FILE PHOTO: Firefighter helicopter flies over the collapsed Morandi Bridge in the port city of Genoa, Italy August 16, 2018. REUTERS/Stefano Rellandini A 200-metre section of the Morandi bridge gave way in busy traffic on Tuesday, plunging vehicles and chunks of concrete and…

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Search operation ends in Genoa as government plans to ‘make public structures safe’

The search operation for those missing after a motorway bridge collapsed in the Italian port city of Genoa ended overnight after the last three bodies were found, bringing the official death toll to 43. A 200-metre section of the Morandi bridge gave way in busy traffic on Tuesday, plunging vehicles and chunks of concrete and twisted metal to the ground 50 metres below. After three bodies were recovered from a car crushed under slabs of concrete, the Genoa prefecture raised…

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Has the eurozone learned from its Greek odyssey?

Greece will formally turn the page on its debt saga this week, but the eurozone remains vulnerable to further crises, with economists particularly worried about the situation in Italy. After eight long years and three austerity-heavy bailouts, Athens will on Monday formally leave the financial rescue umbrella of its creditors from the EU and International Monetary Fund. But while both European and Greek politicians have hailed its return to the markets as “historic” good news, serious challenges remain for the…

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Has the eurozone learned from its Greek odyssey?

Greece will formally turn the page on its debt saga this week, but the eurozone remains vulnerable to further crises, with economists particularly worried about the situation in Italy. After eight long years and three austerity-heavy bailouts, Athens will on Monday formally leave the financial rescue umbrella of its creditors from the EU and International Monetary Fund. But while both European and Greek politicians have hailed its return to the markets as “historic” good news, serious challenges remain for the…

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Euro Zone Annual Inflation Confirmed at 2.1% in July By Investing.com

© Reuters. Eurozone CPI rises 2.1% in July; in line with forecasts Investing.com – Euro zone was confirmed to have risen 2.1% in July, underlining the case for the European Central Bank to wind down its asset purchase program this year. The bloc’s statistics agency Eurostat said its rose 2.1% in July from the same month a year earlier, matching consensus. , which excludes energy, food, alcohol and tobacco prices, rose by an annual rate of 1.1%, also in line…

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Eurozone Inflation Rises As Estimated In July

Eurozone inflation accelerated for a third straight month in July, as initially estimated, to its highest level since late 2012, final data from Eurostat showed Friday. The harmonized index of consumer prices rose 2.1 percent year-on-year in July, after climbing 2 percent in June. The rate came in line with the estimate published on July 31. The latest inflation figure was the highest since December 2012. Thus, inflation has exceeded the European Central Bank’s target of “below, but close to…

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Euro Pound Sterling (EUR/GBP) Exchange Rate Pushes Higher as Eurozone Inflation Strengthens

Euro Pound Sterling (EUR/GBP) Exchange Rate Strengthens on Higher Eurozone Inflation Confirmation that the headline Eurozone consumer price index strengthened to 2.1% in July encouraged the Euro to Pound Sterling (EUR/GBP) exchange rate to push higher. With inflation now above the European Central Bank’s (ECB) 2% target rate the odds of further policy tightening have risen. This offered a fresh boost to the Euro (EUR) ahead of the weekend, helping to reverse the weakness brought on by the Turkish financial…

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Eurozone yields edge up as Turkey crisis cools

• ABHINAV RAMNARAYAN EUROzone bond yields rose from one-month lows yesterday as a currency crisis in Turkey eased, reducing demand for safe-haven assets such as government debt. Yields on German bonds, considered one of the safest and most liquid assets in the world, had fallen to their lowest level in a month on Wednesday as Turkey’s currency crisis led to a global market sell-off and boosted demand for safe assets. But supportive measures from the Turkish central bank and key…

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GLOBAL ECONOMY-Euro zone limping as global trade war…

GLOBAL ECONOMY-Euro zone limping as global trade war escalates By Reuters Published: 10:39 EDT, 17 August 2018 | Updated: 10:39 EDT, 17 August 2018 By Jonathan Cable LONDON, Aug 17 (Reuters) – More evidence that euro zone growth has slowed this year is likely to be seen on Thursday, when surveys are expected to show an escalating global trade war is hurting producers. The currency bloc was a surprise economic star last year, outpacing its peers, but the rate of…

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Eurozone bailout programme is finally over

Image copyright Getty Images Image caption Prime Minister Alexis Tsipras says Greece is “turning a page” in ending its bailout programme The eurozone passes an important milestone on 20 August. The date marks the formal end of the bailout of Greece. It is the final country to be receiving emergency loans in the wake of Europe’s financial crisis. The last payment has been made and the Greek government will have to finance its spending through taxes or by borrowing in…

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Gold gains, but set for biggest weekly loss in over a year

Gold gains, but set for biggest weekly loss in over a year By Reuters Published: 06:49 EDT, 17 August 2018 | Updated: 14:09 EDT, 17 August 2018 By Renita D. Young and Peter Hobson NEW YORK/LONDON, Aug 17 (Reuters) – Gold recovered some ground on Friday as a weakening U.S. dollar relieved pressure on prices, but the precious metal remained near 19-month lows and looked poised for its biggest weekly drop since May 2017. Spot gold added 0.31 percent to…

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LIVE MARKETS-Closing snapshot: What’s clear and what’s not – Internet News

LONDON, Aug 17 (Reuters) – Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: WHAT’S CLEAR AND WHAT’S NOT (1620 GMT) Well the session ended a bit the way it started, with no clear trend or set direction. What’s clear though is that 0.1 percent in negative territory is not the…

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Euro zone limping as global trade war escalates

By Jonathan Cable LONDON (Reuters) – More evidence that euro zone growth has slowed this year is likely to be seen on Thursday, when surveys are expected to show an escalating global trade war is hurting producers. The currency bloc was a surprise economic star last year, outpacing its peers, but the rate of expansion is steadily slowing and a succession of Reuters polls have said it has already peaked — although a recession is seen as unlikely. [ECILT/EU] Protectionist…

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