Tag Archives: eurozone
Eurozone woes weigh on Merkel’s majority
Growing uneasiness about the ECB voting for more aid for Greece means the chancellor is close to having to rely on opposition support to win votes
Full Story: Financial Times – UK Homepage
US money market funds return to eurozone
Exposure to eurozone banks of US prime money market funds at the end of September was 16 per cent higher on a dollar basis than a month earlier, says Fitch Ratings
Full Story: Financial Times – UK Homepage
Data point to deepening eurozone crisis
Weaker than expected German data drag down the purchasing managers’ index figure for the eurozone to its lowest level since June 2009
Full Story: Financial Times – UK Homepage
Eurozone leaders gather for contentious talks
France to push back during negotiations in Brussels against German demand for EU veto power over member states’ budgets.
Full Story: AL JAZEERA ENGLISH (AJE)
IMF warns eurozone on capital flight
Fund concerned that European banks’ balance sheets will contract severely, further damaging growth and increasing unemployment further
Full Story: Financial Times – UK Homepage
Eurozone unlocks $650bn crisis rescue fund
Finance ministers from 17 countries launch European Stability Mechanism used to bail out struggling banks and economies.
Full Story: AL JAZEERA ENGLISH (AJE)
Eurozone rescue fund formally launched
European Stability Mechanism inaugurated but questions remain over the issue of ‘legacy assets’ – liabilities being wound down by governments
Full Story: Financial Times – UK Homepage
Merkel pressed on eurozone rescue policy
Founders of the so-called Election Alternative-2013, including CDU supporters, plan to team up with the Bavaria-based Free Voters’ party
Full Story: Financial Times – UK Homepage
Eurozone jobless at fresh high
Unemployment in the eurozone hit a fresh high of 18.2 million in August, the EU statistics agency says.
Full Story: BBC News – Home
Eurozone officials on winning streak
There are positive signs from Europe, including a German court upholding the eurozone’s rescue fund and Dutch voters shying away from anti-EU parties
Full Story: Financial Times – UK Homepage
Decision day looms for eurozone bailout fund
Germany’s constitutional court set to rule on fate of the €500bn ESM, potentially placing tighter limits on Angela Merkel’s plans for rescuing the euro
Full Story: Financial Times – UK Homepage
EU leaders back plan to lower eurozone debt
European Central Bank to allow unlimited bond-buying to help member countries hit by crippling borrowing costs.
Full Story: AL JAZEERA ENGLISH (AJE)
OECD slashes short-term eurozone forecasts
The OECD significantly cuts its forecasts for eurozone’s short-term growth and warns of further pain unless progress is made in resolving the crisis
Full Story: Financial Times – UK Homepage
OECD slashes short-term eurozone forecasts
The OECD significantly cuts its forecasts for eurozone’s short-term growth and warns of further pain unless progress is made in resolving the crisis
Full Story: Financial Times – UK Homepage
Loan rates point to eurozone fractures
Interest rates paid by companies in the eurozone’s weaker economies have surged, highlighting the bloc’s fragmentation as the ECB loses control of borrowing costs
Full Story: Financial Times – UK Homepage
Eurozone jobless total reaches fresh high
A rise in unemployment to its highest since 1999 mixed with an unexpected increase in inflation poses dilemma for policy makers
Full Story: Financial Times – UK Homepage
Eurozone recession looms, surveys show
The decline in German output accelerated in August, suggesting that the eurozone will almost certainly slip back into recession, a purchasing managers index shows
Full Story: Financial Times – UK Homepage
Eurozone leaders delay Greece aid decision
Angela Merkel and Jean-Claude Juncker say they will wait for the troika report on Greece before deciding whether to supply fresh aid to the nation
Full Story: Financial Times – UK Homepage
Eurozone economy shrinks amid recession fears
Anaemic growth figures in eurozone’s largest economies raises fears of a looming recession in 2013.
Full Story: AL JAZEERA ENGLISH (AJE)
Draghi lays out toolkit to save eurozone
The European Central Bank president may find it easier to use more unusual – even emergency – measures aimed at banks and companies
Full Story: Financial Times – UK Homepage