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.

Shanghai nickel hits nearly 3-year top after LME rally

By Reuters Published: 22:07 EDT, 18 April 2018 | Updated: 22:07 EDT, 18 April 2018 By Manolo Serapio Jr MANILA, April 19 (Reuters) – Nickel futures in Shanghai surged to the highest in almost three years on Thursday, tracking a rally in London prices the session before in what analysts said were misplaced concerns that the metal would also be hit by U.S. sanctions. LME nickel surged to a three-year high on Wednesday as the London Metal Exchange’s previously announced…

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Merkel, Macron meet to plot euro zone reform road map

By Reuters Published: 19:02 EDT, 18 April 2018 | Updated: 19:02 EDT, 18 April 2018 By Paul Carrel BERLIN, April 19 (Reuters) – The leaders of Germany and France meet on Thursday to try to work out a common position on reforming the euro zone, a sensitive issue that is testing the new government in Berlin just a month after it took office. Chancellor Angela Merkel, who hosts President Emmanuel Macron for the working meeting, is under pressure from her…

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Merkel wants European Monetary Fund with national oversight

German Chancellor Angela Merkel backs the idea of a European Monetary Fund, provided national governments have sufficient oversight, sources close to her said before a visit by the French president. President Emmanuel Macron, who will meet Merkel in Berlin on Thursday, is pushing hard for bold euro zone reforms to defend the 19-member currency bloc against any repeat of the financial crisis that took hold in 2009 and threatened to tear it apart. His vision includes turning Europe’s existing ESM…

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Eurozone Construction Output Falls For Second Month

Eurozone construction output fell for the second straight month in February, Eurostat reported Wednesday. Construction output declined 0.5 percent month-on-month, slower than the 0.8 percent decrease in January. The decline was caused by a 1.7 percent fall in civil engineering, while building gained 0.1 percent. On a yearly basis, growth in construction output eased sharply in February, to 0.4 percent from 6.9 percent in January. Output of civil engineering contracted 4.6 percent. At the same time, building output gained 1.7…

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LIVE MARKETS-STOXX hits the brakes as autos sector falls – Finance News

* European stocks edge back to flat * Wall St futures rise slightly LONDON, April 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 Kit Rees. Reach her on Messenger to share your thoughts on market moves: kit.rees.thomsonreuters.com@reuters.net STOXX HITS THE BRAKES AS AUTOS SECTOR FALLS (1051 GMT) After a positive start European shares have fallen back, with the STOXX 600 now flat having…

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Eurozone investors race up chart of US debt owners

Eurozone investors have been the biggest overseas net buyers of US debt securities in the past half-decade, a trend that could reverse as the European Central Bank continues to tighten monetary policy, according to new research. Euro area holdings of US corporate and Treasury bonds reached $2.75 trillion at the end of last year, the report by investment bank Jefferies shows, an 80 percent increase since the start of 2012, ft.com reported. By contrast the volume of US…

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I am not exiting India equity position, investing in 3 sectors: Chris Wood, CLSA

In an interview with ET Now, Chris Wood, Equity Strategist, CLSA, says he owns three spaces in I ndia — private sector banks, affordable housing and residential real estate consolidation plays. Edited excerpts: What do you make of this entire banking scam issue? Do you think this is just like bad weather and will pass through or do we need to take it seriously this time? Well, there has been a banking issue in India for several years and I…

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POLL-Bank of England to raise rates in May, almost all…

By Reuters Published: 20:42 EDT, 17 April 2018 | Updated: 20:42 EDT, 17 April 2018 By Jonathan Cable LONDON, April 18 (Reuters) – The Bank of England will raise its key interest rate to 0.75 percent in May, nearly all the 76 economists polled by Reuters said, then add another 25 basis points just before Britain is due to leave the European Union early next year. Soon after the June 2016 vote to split from the EU, the Bank cut…

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SPD Urges Merkel to Speed Up Eurozone Reforms

BERLIN (Reuters) — Germany’s Social Democrats Tuesday raised the pressure on Chancellor Angela Merkel’s conservatives to back proposals to reform the euro zone as agreed in their coalition deal.Merkel’s conservatives want to restrict her room for maneuver on euro zone reform, documents seen by Reuters showed on Monday, which could further frustrate French President Emmanuel Macron who visits Berlin later this week.“Europe has been waiting for Germany for over a year,” Carsten Schneider said, a senior member of the SPD,…

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CORRECTED-Landmark bad loan deal boosts Italy bank stocks and govt bonds

(Removing references to book value and replacing them with nominal value in paragraphs 5 and 6) * Intesa to sell $13 bln in bad debts to Intrum * Italy bank index up 1.9 pct, govt bonds rise * Deal brightens prospect for economic recovery * Italian stocks graphic: reut.rs/2ETyaxO By Danilo Masoni MILAN, April 17 (Reuters) – Italian banking stocks rallied and bonds rose on Tuesday after the country’s biggest lender, Intesa Sanpaolo, agreed a bad loan sale at favourable…

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Macron laments ‘European civil war’ in urgent plea for integration

President Emmanuel Macron presented long lists of things the EU could do in speeches in Athens and at the Sorbonne last year. Tuesday’s address to the European Parliament in Strasbourg was different: an urgent plea to the union’s leaders to assume their responsibilities and “build a new European sovereignty”. Macron deplored “a form of European civil war” in which “sometimes our national egotism seems more important than what unites us”. The problem is that the word “sovereignty” as used by…

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Merkel sounds upbeat on euro zone reform as coalition…

By Reuters Published: 10:32 EDT, 17 April 2018 | Updated: 10:32 EDT, 17 April 2018 By Michael Nienaber and Paul Carrel BERLIN, April 17 (Reuters) – Chancellor Angela Merkel vowed to reach a joint position with France on euro zone reforms by June, striking a cooperative tone before a visit from French President Emmanuel Macron whose push to overhaul the currency bloc has met resistance in Berlin. Macron, who is due to hold a working meeting with Merkel in Berlin…

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LIVE MARKETS-Closing snapshot: Europe ends with a flourish – UK Money News

* European shares rise as risk appetite returns * Sterling hits highest since Brexit vote * Wall Street opens higher April 17 – 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: EUROPE ENDS WITH A FLOURISH (1600 GMT) European shares climbed steadily throughout the session as worries around geopolitics and…

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MORNING BID EUROPE-Euro reform – push-back from Berlin – Macroeconomic News

* A look at the day ahead from European Economics and Politics Editor Mark John and EMEA markets editor Mike Dolan. The views expressed are their own. LONDON, April 16 (Reuters) – The next few days could be decisive in determining whether longstanding efforts to make the euro zone more resilient to future shocks come to fruition. Chancellor Angela Merkel’s conservatives today debate a proposal that would put stringent preconditions on any major reforms: notably, they would demand that an…

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Merkel hits back at opponents of Eurozone reform – Canindia News

Berlin, April 17 (IANS) German Chancellor Angela Merkel has reiterated her support for far-reaching Eurozone reforms on Monday despite growing opposition in her party Christian Democratic Union (CDU) and Christian Social Union (CSU). “The firm desire to find a shared pathway remains”, Merkel’s official spokesperson Steffen Seibert told the press, Xinhua news agency reported on Monday. The federal government still aimed to reach an agreement among Eurozone members over changes proposed by French President Emmanuel Macron before an upcoming European…

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Italy election early projections throws country into political stalemate :: Kenya

Italy’s election early projection risks throwing country into a political gridlock. [Photo: Courtesy] Italian voters delivered a hung parliament on Sunday, flocking to anti-establishment and far-right parties in record numbers and casting the euro zone’s third-largest economy into political gridlock, initial results showed. If early projections are confirmed, none of Italy’s three main blocs or groups will be able to rule alone and there is little prospect of a return to mainstream, moderate government, giving the European Union a new…

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