eurozone

Greece crisis: PM Alexis Tsipras optimistic after EU and ECB talks

Greece's PM Alexis Tsipras says he believes it will be possible to find a solution to the stand-off with the…

10 years ago

Eurozone deflation deepens in January 2015

Deflation has deepened across the 19 countries that use the euro currency. In January, prices in the eurozone were 0.6%…

10 years ago

ECB announces €1.1 trillion QE to boost eurozone economy

The European Central Bank (ECB) has unveiled an €1.1 trillion ($1.3 trillion) plan to boost eurozone economy. The ECB will…

10 years ago

Euro reaches 9-year low against US dollar

The euro has reached a nine-year low against the US dollar as investors predicted the European Central Bank (ECB) may…

10 years ago

Greece to receive 8.3 billion euro bailout in three installments

Greece is to receive its next 8.3 billion euro ($11.4 billion) bailout in three installments, eurozone finance ministers have announced.…

11 years ago

Eurozone’s economy grows by 0.3% in Q4 2013

Eurozone's economy grew by 0.3% in Q4 2013, up from 0.1% growth in the previous quarter. It was the third…

11 years ago

Latvia joins eurozone on New Year’s Day

Latvia has joined the eurozone as of 1st of January 2014, becoming the 18th member of the group of EU…

11 years ago

European Commission warns Italy and Spain over 2014 draft budgets

The European Commission has warned Italy and Spain that their draft budgets for 2014 may not comply with new eurozone…

11 years ago

Ireland to exit bailout in December, without seeking precautionary funding

Ireland is to make a clean break from its 3-year 85 billion euro bailout programme in December, without seeking precautionary…

11 years ago

Eurozone economy grew by just 0.1% in Q3 2013

Eurozone’s economy grew by just 0.1% in Q3 2013, down from 0.3% growth in the previous quarter. The figure marks…

11 years ago

French public deficit to hit record in 2014

The French government has revealed the country’s public debt will hit a record 95.1% of GDP in 2014, above previous…

11 years ago

Eurozone emerges from recession after 18 months of economic contraction

Eurozone has emerged from recession after a record 18 months of economic contraction. According to the Eurostat agency, eurozone’s GDP…

11 years ago

IMF admits making mistakes in handling Greece bailout

The International Monetary Fund has admitted that it made mistakes in handling Greece's first international bailout. The IMF said it…

11 years ago

Latvia to become 18th country to use euro in 2014

Latvia will become the 18th EU country to use the euro after being approved for membership by the European Commission.…

11 years ago

Eurozone unemployment rate hits another record high in April 2013

According to official figures, eurozone unemployment rate has reached another record high in April 2013. The seasonally-adjusted rate for April…

11 years ago

OECD revises eurozone growth forecasts

The OECD has revised its growth forecasts for the eurozone and called on the European Central Bank to consider doing…

11 years ago

France enters its second recession in four years

France has entered its second recession in four years after the economy shrank by 0.2% in the first quarter of…

12 years ago

ECB cuts benchmark interest rate to new record low of 0.5% to boost eurozone economy

The European Central Bank (ECB) has decided to cut its benchmark interest rate to a new record low amid ongoing…

12 years ago

Ireland and Portugal to be granted extra 7 years to pay back bailout loans

Ireland and Portugal are to be granted an extra seven years to pay back their emergency bailout loans. The EU…

12 years ago

German economy slows to “near stagnation” in March 2013

The German economy slowed to "near stagnation" in March 2013, while France's recorded its biggest contraction for four years, according…

12 years ago

Eurozone unemployment rate hit 12% in February 2013

Eurozone unemployment rate reached new record high of 12% in February 2013, according to the official figures. The number of people…

12 years ago

Cyprus has no intention of leaving euro currency

Cyprus President Nicos Anastasiades says his country has no intention of the leaving the European single currency. Nicos Anastasiades said:…

12 years ago

Cyprus bailout deal agreed by Eurogroup with Laiki Bank to be wound down

Eurogroup have agreed a deal on a 10 billion-euro bailout for Cyprus to prevent its banking system collapsing and keep…

12 years ago

Cyprus banks to remain closed until March 26

Cyprus officials have announced the country's banks, which were closed to prevent mass withdrawals, will remain shut until at least…

12 years ago

Eurozone ministers agree on 10 billion-euro bailout package for Cyprus

Finance ministers from eurozone have agreed a 10 billion-euro ($13 billion) bailout package for Cyprus to save the country from…

12 years ago