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.

UPDATE 1-European stocks build momentum as investors await U.S. tax

* STOXX 600 up 0.2 pct as tax reform bill anticipated * Dialog Semi rises after Tsinghua increases stake * Ryanair enjoys relief bounce * Old Mutual gains on Buxton UK sale (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) By Helen Reid LONDON, Dec 19 (Reuters) – European shares followed U.S. and Asian markets higher on Tuesday as investors awaited a long-anticipated U.S. tax reform bill which…

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London metal prices rise on drop in U.S. dollar

By Reuters Published: 21:16 EST, 14 January 2018 | Updated: 21:16 EST, 14 January 2018 MELBOURNE, Jan 15 (Reuters) – Base metals on the London Metal Exchange climbed on Monday, buoyed as the U.S. dollar came under pressure from expectations the European Central Bank may soon start trimming monetary stimulus. FUNDAMENTALS * COPPER: LME copper had risen 0.7 percent to $7,158.50 a tonne by 0117 GMT, reversing small losses from Friday. Prices have ping-ponged in a roughly $7,070-$7,315 range since…

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Dollar Weaker Against Yen In Early Asia Ahead of US Public Holiday By Investing.com

Dollar weaker in early Asia Investing.com – The dollar eased against the yen in early Asia on Monday in a light data day with US markets closed for the Martin Luther King public holiday. changed hands at 110.99, down 0.06%, while traded at 0.7917, flat. Investors digested a busy weekend of news, including prospects that Germany may soon be heading into a fresh coalition government, though some remarks suggest the deal remains a work-in-progress. traded at 1.2199, up 0.02%. The…

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Markets Live: ASX set to jump

US stocks on Friday rose to records as retail sales sparked optimism in the economy and JPMorgan Chase signalled tax cuts will bolster profits. The underlying pace of US inflation unexpectedly accelerated in December amid increased housing costs, reinforcing the outlook for the Fed to raise interest rates several times in 2018. “As the probability of three to four rate hikes become solidified, it has a major impulse into the equity markets,” said Chad Morganlander, a portfolio manager at Washington…

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Eurozone economy grows faster than seen

The eurozone economy grew more rapidly in the three months through September than previously estimated, putting it firmly on track for its best year since 2007, before the onset of the global financial crisis. The European Union’s statistics agency Friday said the eurozone’s gross domestic product–the broadest measure of goods and services produced by the currency area’s 19 member states–was 0.7% higher than in the three months through June. Eurostat had previously calculated the GDP growth rate at 0.6%. The…

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Euro zone must seize opportunity to reform – Eurogroup’s Centeno

“We are now at a critical juncture in the euro area and we have a unique window of opportunity in the coming months that cannot be wasted,” Portuguese Finance Minister Mario Centeno said in Paris after talks with his French counterpart Bruno Le Maire. “The news that we just got from Germany only reinforces this window of opportunity and must be welcome,” said Centeno, who officially is set to become the head of the Eurogroup of euro zone finance ministers…

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Germany’s grand coalition en route to a “renewed marriage” — MercoPress

EU sigh of relief: Germany’s grand coalition en route to a “renewed marriage” Saturday, January 13th 2018 – 09:17 UTC “We have felt since the elections that the world will not wait for us, and in particular…we are convinced we need a new call for Europe,” Merkel said Some SPD members fear further association with Merkel could erode the influence of the party which suffered the worst result in September’s electionuary 21. A 28-page blueprint pledged close co-operation with France…

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Jean-Claude Juncker: a little more effort needed from Bulgaria to join the Eurozone

The visit of the European Union leaders to Bulgaria continued today with a series of meetings of European commissioners and their president Jean-Claude Juncker with Bulgarian cabinet ministers and members of parliament. After the talks of Mr Juncker and Bulgarian Prime Minister Boyko Borissov the two gave a joint press conference which opened with the signing of a project aimed to support the development of Bulgarian agriculture. It is worth 100 million euro and is guaranteed by the European Fund…

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Bulgaria meets all critera to join Schengen, eurozone waiting room, says Jean-Claude Juncker

The President of the European Commission Jean-Claude Juncker said Bulgaria meets all criteria and is fit to join Schengen and the eurozone waiting room, ERMII. At a joint press conference with Bulgarian Prime Minister Juncker praised the significant progress made by the Bulgarian government in combating corruption in the recent years. He said corruption remained a problem but admitted that it is a problem in other countries as well. Jean-Claude Juncker believes that improving connectedness with the Western Balkans and…

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UPDATE 5-German Social Democratic leaders beg members to back deal with Merkel

By Reuters By Reuters January 12 at 6:00 PM BERLIN — German Social Democratic (SPD) leaders appealed to party members Friday to swallow their doubts and endorse an overnight deal to renew a “grand coalition” with Chancellor Angela Merkel’s conservatives for another four years. The deal eased months of uncertainty that has undermined Germany’s role as the European Union’s pivotal power, as the bloc confronts such major challenges as Brexit, euro-zone reform and immigration, and questions about Merkel’s future. “The…

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German Social Democratic leaders beg members to back deal with Merkel

BERLIN (Reuters) – German Social Democratic (SPD) leaders appealed to party members on Friday to swallow their doubts and endorse an overnight deal to renew a “grand coalition” with Chancellor Angela Merkel’s conservatives for another four years. The deal eased months of uncertainty that has undermined Germany’s role as the European Union’s pivotal power as the bloc confronts major challenges including Brexit, euro zone reform and immigration, and raised questions about Merkel’s future. “The world will not wait for us,”…

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Global stocks resume ascent on earnings hopes as Euro gets lift from ECB – Armenian News

Asian stocks resumed their ascent on Friday, supported by US earnings optimism and a rise in oil prices while the euro edged higher as the European Central Bank signaled an end to its massive stimulus. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, following two straight sessions of decline. Japan’s Nikkei dipped 0.1 percent. China’s custom-cleared trade data showed brisk growth in exports and imports in 2017, underscoring a global economy that continues to hum along nicely,…

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WEF Davos 2018: Why the world is watching Modi at the Cannes of capitalism

As Narendra Modi becomes the first Indian prime minister in two decades to attend the World Economic Forum (WEF) at Davos, many eyes in the annual bazaar of global capitalism will be on him. Chinese President Xi Jinping set the ball rolling while speaking at Davos last year. Xi’s speech, at a time when China will soon overtake the US as the world’s biggest economy, was re-assuring in the age of growing American antipathy to globalisation. Xi had assured…

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Bulgaria savours EU embrace despite critics

SOFIA (Reuters) – Bulgaria’s government won endorsement from the EU executive on Thursday for its demands to be let in to Europe’s more exclusive clubs despite critics at home and abroad who question Sofia’s record on tackling corruption. A general view shows the main stage of “Ivan Vazov” national theatre during the event marking the start of Bulgaria’s six-month presidency of EU ministerial councils in Sofia, Bulgaria, January 11, 2018. Kiril Konstantinov/EU2018BG/Handout via REUTERS Eleven years after joining the European…

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Bond sell-off hits European shares but boost banks

LONDON (Reuters) – European shares pulled back on Wednesday, with most sectors except rate-sensitive banks in the red as concerns grew over the direction of the bond market. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, January 9, 2018. REUTERS/Staff/Remote Bond yields globally hit multi-month highs following a report that Chinese officials have recommended slowing or halting purchases of U.S. government bonds. The yield on 10-year U.S. Treasury US10YT=RR hit a 10-month…

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UPDATE 1-German yields at highest since Oct ECB meeting as supply cranks up

* Italy, Portugal syndication plans push yields higher * Bank of Japan tweak puts spotlight on central banks * Global growth adds to speculation on bond market * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds quotes, background) By Abhinav Ramnarayan LONDON, Jan 10 (Reuters) – Germany’s 10-year bond yield hit its highest level since the October European Central Bank meeting when policymakers first announced the extension of its bond-buying scheme, with one trader citing heavy supply as the trigger…

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