Euro Zone

Facebook Crypto Plans Turn Up Heat on EU Banks Over Real-Time Payments

Reuters | Thursday June 27, 2019

Real-time payments have been possible in the 19-country currency bloc since 2017, but only about half of the euro zone's banks have joined.

Greece Completes 3-Year Euro Zone Bailout Programme

Business | Thomson Reuters | Monday August 20, 2018

Greece has successfully exited its final, three-year bailout programme, agreed in August 2015 to help it cope with the continued fallout from a debt crisis.

G7 Irrelevant If It Excludes India, China, Says Man Who Coined BRIC

World News | Ben Bartenstein, Bloomberg | Wednesday June 13, 2018

Unlike Trump, who advocated for bringing Russia back into the group, O'Neill said the G-7 would be much more relevant if China, India and a single delegation from the euro zone replaced Canada, France, Germany and Italy.

Academic Survives Credentials Storm To Get Nod As Italian PM

World News | Reuters | Thursday May 24, 2018

Giuseppe Conte, the law professor named as Italian prime minister on Wednesday after surviving accusations he inflated his academic credentials, must now prove he can lead the euro zone's third largest economy with no political experience.

Northern EU States Urge Caution In Euro Reforms

World News | Reuters | Tuesday March 6, 2018

Eight northern European countries said on Tuesday that euro zone reforms should focus on completing the banking union, improving compliance with budget rules and setting up a European Monetary Fund, with more ambitious plans left for later.

On European Monetary Fund Plan, IMF Chief Lagarde Says 'Why Not?'

Business | Thomson Reuters | Saturday February 17, 2018

IMF chief Christine Lagarde has no objection to plans to turn the euro zone's bailout fund into a European Monetary Fund, she said in comments published on Saturday.

Italian President Dissolves Parliament Ahead Of Election

World News | Agence France-Presse | Friday December 29, 2017

Italian President Sergio Mattarella on Thursday dissolved parliament ahead of an election which is expected to produce a period of instability in the euro zone's third largest economy.

EU Leaders Willing To Compromise Freedom Of Movement, Says Tony Blair

World News | Agence France-Presse | Saturday July 15, 2017

European Union leaders are willing to change the bloc's rules for the freedom of movement of workers, opening an opportunity for Britain to avoid a damaging "hard Brexit", former prime minister Tony Blair said today.

Dollar Hits 14-Year High, Boosted By Strong Data

Business | Thomson Reuters | Wednesday January 4, 2017

Inflation rose in Germany and France, providing the euro zone's central bank with evidence its loose monetary policy is working, while Chinese data showed the fastest factory output growth in six years.

Matteo Renzi To Resign After Referendum Rout, Leaving Italy In Limbo

World News | Reuters | Tuesday December 6, 2016

Italian Prime Minister Matteo Renzi is set to resign on Monday after suffering a resounding defeat in a referendum over constitutional reform, leaving the euro zone's third-largest economy in political limbo.

Euro Zone Seeks Compromise On Greek Debt Ahead Of IMF Deadline

Business | Thomson Reuters | Monday December 5, 2016

Greece is required by its euro zone creditors to pass wide-ranging reforms and sell state assets under an 86 billion euros ($92 billion) bailout programme.

Business Growth In Euro Zone Rises To Highest Rate This Year

Business | Thomson Reuters | Wednesday November 23, 2016

The IHS Markit Euro Zone Flash Composite Purchasing Managers' Index jumped to 54.1, its highest so far this year, from 53.3 in October, just shy of 54.3 last December.

'Lop-sided' Eurozone Factory Growth Slowed In July: PMI

Business | Reuters | Monday August 1, 2016

Manufacturing growth across the Eurozone eased in July, a survey showed on Monday, and signs of a sharper slowdown outside powerhouse Germany may add to calls for the European Central Bank to loosen policy again.

Dollar Up On Failed Turkey Coup; SoftBank's ARM Bid Boosts Shares

Business | Thomson Reuters | Monday July 18, 2016

The dollar strengthened against the yen on Monday as investors unwound safety trades after a failed coup in Turkey, while SoftBank Group's $32 billion deal to buy British chip designer ARM Holdings lifted European equities.

Euro Zone Yields Rise As Focus Shifts From Brexit To Supply

Business | Thomson Reuters | Monday July 4, 2016

Borrowing costs in the euro zone rose for the first time in more than a week on Monday as investors took prices down to make room for some 20 billion euros of bond supply from the region this week, halting a post-Brexit slide in yields.