eurozone

France Leads Eurozone’s Rising GDP As New Lockdowns Loom

France Leads Eurozone’s Rising GDP As New Lockdowns Loom
France Leads Eurozone’s Rising GDP As New Lockdowns Loom
October 30, 2020  |  Cross-border Payments

Against a backdrop of surging coronavirus cases, the Eurozone is reporting a rebounding economy, with a 12.7 percent hike in third-quarter gross domestic product (GDP),...

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EU Ministers To Meet Via Video On Virus’ Financial Hit
EU Ministers To Meet Via Video On Virus’ Financial Hit
March 15, 2020  |  Europe

Mario Centeno, head of the Eurogroup of eurozone finance ministers, will head up a video conference meeting of European Union officials Monday (March 16) in...

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Japanese Sales Tax Triggers 6 Pct Economic Contraction
Japanese Sales Tax Triggers 6 Pct Economic Contraction
February 18, 2020  |  Cross-border Payments

The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The...

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Consumer Morale Up In Major European Economies
Consumer Morale Up In Major European Economies
January 30, 2020  |  Cross-border Payments

Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their...

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EU Regulator Loosens Requirements For Bank Mergers
EU Regulator Loosens Requirements For Bank Mergers
January 26, 2020  |  Bank Regulation

Europe’s main banking regulator, an arm of the ECB, is trying to make it easier for the continent’s financial lenders to merge. Get the Full...

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Oct. Retail Sales Drop 0.6 Pct. In Euro Zone
Oct. Retail Sales Drop 0.6 Pct. In Euro Zone
December 05, 2019  |  Retail

With the negative impact from trade, the economy of the eurozone expanded at a modest rate in Q3, as retail sales dropped in October at...

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ECB Gives Banks More Time To Cover Unpaid Loans
ECB Gives Banks More Time To Cover Unpaid Loans
August 22, 2019  |  Cross-border Payments

The European Central Bank (ECB) is granting eurozone financial institutions additional time to cover unpaid loans after being pressured by Brussels, Reuters reported on Thursday...

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Spain’s Central Bank Calls For Deposit Insurance Scheme
Spain’s Central Bank Calls For Deposit Insurance Scheme
May 28, 2019  |  Legal & Regulation

The Bank of Spain wants eurozone countries to complete their banking alliance by creating a deposit insurance scheme and a stabilization fund. Get the Full...

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