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.

ANALYSIS-Life after ECB QE? Corp debt market gets a…

By Dhara Ranasinghe and Virginia Furness LONDON, Oct 11 (Reuters) – Euro zone corporate debt will be hit harder and faster than government bonds by the withdrawal of massive European Central Bank support, which means companies will see funding costs rise and investors will need to scrutinise borrowers more carefully. Confident that the economy is in decent shape and inflation is picking up, the ECB appears set to end its 2.6 trillion euros($3 trillion) asset purchase scheme in December. The…

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Comparing Italy’s debt concerns to Greece is unfair, ESM chief says

It’s unfair to draw comparisons between the current concerns about Italy’s budget deficit targets and Greece at the height of the its debt crisis, according to the managing director of Europe’s bailout fund. Over the last eight years during the euro crisis, Italy never lost market access, Klaus Regling, managing director for the European Stability Mechanism, told CNBC’s Nancy Hungerford on Thursday at the IMF and World Bank annual meetings in Bali, Indonesia. “The comparison with Greece is, I think,…

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Tech Outlook – Silver market under short covering; Support seen at 38460

Crude Oil market under short covering; Support seen at 5509 Gold market under short covering; Support seen at 31210 MCX Natural Gas under long liquidation MCX Copper likely to move in a range of 451.9-469.3 MCX Zinc may trade between 195.9-207.7 levels Technically Silver market is under short covering as market has witnessed drop in open interest by 4.37% to settled at 24338 while prices up 163 rupees. Now MCX Silver is getting support at 38460 and below same could…

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Italian bond yields drop as Tria looks to restore market confidence

By Virginia Furness LONDON (Reuters) – Italian bond yields fell on Wednesday after the country’s economy minister, Giovanni Tria, said the government will do all it can to recover market confidence. Tria moved to reassure markets after a volatile early trading session, saying that the current Italy/Germany spread did not reflect Italy’s economic fundamentals from the point of view of debt sustainability. The two-year Italian government bond yield fell sharply after his comments, and was down eight basis points on…

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Italian bond yields drop as Tria looks to restore…

Italian bond yields drop as Tria looks to restore market confidence By Reuters Published: 06:47 EDT, 10 October 2018 | Updated: 06:47 EDT, 10 October 2018 By Virginia Furness LONDON, Oct 10 (Reuters) – Italian bond yields fell on Wednesday after the country’s economy minister, Giovanni Tria, said the government will do all it can to recover market confidence. Tria moved to reassure markets after a volatile early trading session, saying that the current Italy/Germany spread did not reflect Italy’s…

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ANALYSIS-The rating game: ‘Junk’ Italy still hard to…

By Abhinav Ramnarayan and Virginia Furness LONDON, Oct 8 (Reuters) – For Italy’s sovereign debt the timing could hardly be worse: A budget standoff with Brussels is driving the country’s bond yields to new peaks, just as two credit agencies are weighing whether to cut their ratings to within one notch of ‘junk’. But as markets move to price in chances of the euro zone’s biggest sovereign bond market losing its investment grade rating, major bond investors reckon political factors…

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Gold Prices Climb From 1-Week Lows in Risk-Off Trade By Investing.com

© Reuters. Gold comes off 1-week lows in risk-off trade Investing.com – Gold prices moved higher on Tuesday, pulling away from one-week lows as rising U.S. bond yields and concerns over the outlook for global growth soured market sentiment. December were up $3.20 or 0.27% to $1,191.8 by 10:30 AM ET (14:31 GMT) on the Comex division of the New York Mercantile Exchange. Prices settled at $1,184.40 on Monday, the lowest close since Sept. 28. Gold’s gains came as from…

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BSE Sensex falls 175 pts; Nifty ends at 10,301 amid rupee volatility, spiraling crude prices

A view of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).IANS The BSE Sensex erased all its early gains to end lower by 175 points in see-saw trade on Tuesday, posting its fourth fall in five sessions due to widespread selling in auto, consumer, realty, oil and gas, and banking stocks amid worries over weakening rupee and boiling crude oil prices. Market sentiments were further dampened on unabated foreign fund outflows and the International Monetary Fund (IMF) downgrading outlook…

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sensex today: Sensex falls 175 pts on rupee woes, rising crude prices

Mumbai, Oct 9 () The BSE Sensex erased all its early gains to end lower by 175 points in see-saw trade Tuesday, posting its fourth fall in five sessions due to widespread selling in auto, consumer, realty, oil and gas and banking stocks amid worries over weakening rupee and boiling crude oil prices. Market sentiments were further dampened on unabated foreign fund outflows and the International Monetary Fund (IMF) downgrading outlook for world economy to 3.7 growth on Tuesday. The…

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Italy’s stock market sell-off could force its populist politicians to change course

The original promise to triple the previous government’s deficit target for the next three years to 2.4 percent of GDP (gross domestic product) each year would have made it very difficult for Rome to reduce its 130 percent debt/GDP ratio each year, as required under the EU’s budget rules; particularly since the latest growth forecasts from Italian Finance Minister Giovanni Tria were so wildly different to the predictions posited by independent economists and indeed the European Commission. Tria then had…

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Macron keeps France guessing on ‘phase two’

Plunging domestic approval ratings and question marks over his style of governance are casting a pall over Macron’s efforts to strengthen Europe, bolster the euro zone and lead the charge against nationalist forces from Italy to Hungary. Faced with internal revolt in the ministerial team picked to carry out his French reform agenda, Macron is casting about for new faces. RMC Radio said the cabinet reshuffle could involve between five and 10 ministers or junior ministers being replaced or seeing…

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Latin American Herald Tribune – IMF Lowers Global Growth to 3.7% in 2018 and 2019 due to Trade War

BALI, Indonesia – The International Monetary Fund (IMF) lowered on Tuesday its global growth forecast for 2018 and 2019 to 3.7 percent – in both cases two tenths less than expected in July – due to the trade tensions between the United States and China. “The impacts of trade policy and uncertainty are becoming evident at the macroeconomic level, while anecdotal evidence accumulates on the resulting harm to companies,” Maurice Obstfeld, IMF chief economist, said upon presenting the Global Economic…

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IMF slashes eurozone growth outlook | Money

International Monetary Fund logo seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington October 9, 2016. — Reuters pic BRUSSELS, Oct 9 — The IMF downgraded its growth estimate for the eurozone this morning as trade tremors and Brexit fears took an unexpected toll on the economy in Europe. Within the zone, export powerhouse Germany also saw its growth estimate knocked lower as investor sentiment sours in the face of US President Donald Trump’s…

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What Does It Portrays for Liberia’s Image Internationally?

By: Josephus Moses Gray | Email;: graymoses@yahoo.com| Author: J. Moses Gray The phenomenon of President George Weah remarkable election and inauguration in the global arena is quite significant and presents opportunities and challenges to post war Liberia socioeconomic, governance and industrialization, but in the context of the criticism and self-criticism about the misery surrounding the reported “disappearance” of Sixteen Billion Liberian Dollar (l$ 16,000,000,000), what does it denotes for the nation’s image internationally since no country in international politics is…

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LIVE MARKETS-At the close: Europe painted red, volatility perks up – Politics News

* European shares start week on the back foot * Italian stocks hit hard as Rome, EU draw budget battle * Wall Street opens lower as yields, oil prices weigh * Euro zone volatility index hits August highs Oct 8 – 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 AT THE CLOSE:…

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