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.

LIVE MARKETS-European shares set to extend Friday’s drop, eyes on Nexans – Finance News

* European shares seen lower * Cable maker Nexans warns on profits * Bank CYBG clinches takeover of Virgin Money June 18 (Reuters) – Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net EUROPEAN SHARES SET TO EXTEND FRIDAY’S DROP, EYES ON NEXANS (0648 GMT) European shares are set to add to Friday’s…

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London copper near 2-week low amid China holiday

By Reuters Published: 21:50 EDT, 17 June 2018 | Updated: 21:50 EDT, 17 June 2018 MELBOURNE, June 18 (Reuters) – London copper slipped on Monday and touched a near two-week low hit in the previous session on pressure from a stronger dollar, while a holiday in China drained buying interest from the market. FUNDAMENTALS * COPPER: London Metal Exchange copper eased by 0.2 percent on Monday to $7,006.50 by 0118 GMT, following losses of 2.2 percent in the previous session.…

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UK economy to grow at slowest pace since 2009 – BCC – Finance News

LONDON, June 18 (Reuters) – Britain’s economy looks on track to grow at its weakest rate since 2009 this year due to Brexit uncertainties, higher oil prices and fears of a trade war, the British Chambers of Commerce said on Monday. The BCC cut its 2018 growth forecast to 1.3 percent from 1.4 percent — in line with the average in a Reuters poll of economists published on June 7 — and also cut its outlook for 2019 to 1.4…

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France, Germany close to eurozone pact

Paris and Berlin are very close to an agreement on eurozone reform after months of divisions, French Finance Minister Bruno Le Maire has said. “An agreement is close at hand,” Le Maire tweeted on Saturday after final negotiations on the subject with this German counterpart in the northern German city of Hamburg. The minister added that he hoped an agreement could be finalized tomorrow, when German Chancellor Angela Merkel and French President Emmanuel Macron are scheduled to meet near Berlin.…

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This Week: June 18th

MONDAY Meetings: Datalex agm (EastPoint, Dublin); Art Business Summit (Adare Manor Hotel, Adare, Co Limerick); Ibec Better Lives, Better Business Campaign Launch (Ibec, Lower Baggot Street, Dublin 2); Junior Entrepreneur Programme All Ireland Showcase (RDS, Dublin 4). It is the issue that will not go away, much to the chagrin of politicians everywhere. Every corner of the private sector has something to say about Ireland’s hot and cold relationship with the housing business and, on Monday, Ibec will launch its…

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Soft patch or lasting slowdown? Coming eurozone data may tell

Is Europe’s economy merely encountering a soft spot or entering a more lasting decline? Bank of England policymakers are likely to debate this question in the week ahead, while data from the eurozone will indicate whether European Central Bank President Mario Draghi is right to refer to current conditions simply as a “soft patch”. A cold snap from February into March, later Easter holidays than usual and strikes took their toll in the first quarter, but hard data since have…

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Italy′s populists pile pressure on Germany′s Merkel | Europe| News and current affairs from around the continent | DW

German Chancellor Angela Merkel and her Italian counterpart Giuseppe Conte meet in Berlin on Monday, as Germany’s coalition risks fracturing over migration and the European Union faces a mounting crisis over its failure to develop new asylum regulations. The new Italian prime minister’s visit comes fresh on the heels of a meeting on Friday with Merkel’s key partner in the EU, French President Emmanuel Macron, in Paris, where the two called for asylum processing centers to be set up in migrant…

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Soft Patch Or Lasting Slowdown? Data May Tell

BRUSSELS – Is Europe’s economy merely encountering a soft spot or entering a more lasting decline? Bank of England policymakers are likely to debate this question in the week ahead, while data from the euro zone will indicate whether European Central Bank President Mario Draghi is right to refer to current conditions simply as a “soft patch”. A cold snap from February into March, later Easter holidays than usual and strikes took their toll in the first quarter, but hard…

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France and Germany ‘near deal’ on eurozone reform

French Economy minister Bruno Le Maire talks to journalists during the float-out ceremony of the MSC ocean liner MSC Bellissima, on June 14, 2018 in Saint-Nazaire, western France. Photo: Loic Venance/ Paris and Berlin are very close to an agreement on eurozone reform after months of divisions, French Finance Minister Bruno Le Maire has said. “An agreement is close at hand,” Le Maire said on Twitter late Saturday after final negotiations on the subject with this German counterpart in…

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France, Germany close to agreement on eurozone reform

PARIS: Paris and Berlin are very close to an agreement on eurozone reform after months of divisions, French Finance Minister Bruno Le Maire has said. “An agreement is close at hand,” Le Maire said on Twitter late Saturday after final negotiations on the subject with this German counterpart in the northern German city of Hamburg. The minister added that he hoped an agreement could be finalised on Tuesday, when German Chancellor Angela Merkel and French President Emmanuel Macron are scheduled…

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Italian politics and ECB conspire against clean Greek bailout exit

On Thursday, Greek prime minister Alexis Tsipras, the once-Marxist firebrand-turned faithful-implementer of austerity, declared that a parliamentary vote on another slew of economic reforms was nothing less than “historic”. Passed by a narrow majority – 154 votes secured in the 300-seat Hellenic Parliament – the measures allow for the release of €12 billion of new loans from the country’s third bailout programme since 2010. The latest reforms include further pension cuts, tax measures, performance reviews for civil servants and the…

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Writing on wall for super-low interest rates

First the good news. The European Central Bank has signalled that its key interest rate will remain at zero until after the summer of next year. So the regime of rock-bottom interest rates which has benefited Irish borrowers is set to continue well into 2019, with many analysts saying interest rates will not rise until December 2019 or early 2020. Those with tracker mortgages will continue to benefit from extraordinarily low rates, while borrowers on standard variable rates should not…

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Macron Hopeful on Eurozone Banking Union, to Work With Italy on Migration

Macron Hopeful on Eurozone Banking Union, to Work With Italy on Migration More French President Emmanuel Macron welcomes Italian Prime Minister Giuseppe Conte as he arrives for a meeting at the Elysee Palace in Paris, France, June 15, 2018. REUTERS/Philippe Wojazer Reuters PARIS (Reuters) – French President Emmanuel Macron, who will hold talks with German Chancellor Angela Merkel in Berlin next week, said on Friday he hoped to strike a deal on completing the euro zone banking union in the…

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Shares rally after ECB pushes back rate hike bets

Italy : Europe: Shares rally after ECB pushes back rate hike bets Jun 15, 2018 (Euclid Infotech Ltd via COMTEX) — European shares jumped on Thursday after the European Central Bank said interest rates would stay at record lows at least through the summer of 2019 as it announced an end to its massive stimulus plan. Stock benchmarks across Europe enjoyed their best day in 2-1/2 months as they benefited both from a weaker euro and the surprise extension of…

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Macron seeks common ground with Italy on immigration

French President Emmanuel Macron on Friday urged Italy’s new prime minister to work with France, Germany and Spain on resolving migration issues rather than siding with an anti-immigration “axis” emerging within the European Union. Smiling and calling each other “my friend”, Macron and Italian premier Giuseppe Conte sought to bury the hatchet in Paris after a diplomatic squabble erupted this week over Rome’s refusal to accept a migrant rescue ship at its ports. There is concern in Paris over what…

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