eurozone

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  |  International

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  |  Europe

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. The logic is...

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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  |  International

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  |  Regulation

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

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European Central Bank Says EU Banks Shun Cross-Border Activity
European Central Bank Says EU Banks Shun Cross-Border Activity
May 16, 2019  |  Regulation

Eurozone banks are at risk of fragmentation and are turning away from cross-border activity, Reuters reported. European Central Bank Vice President Luis de Guindos shared...

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Demand For Eurozone Loans Flat At Start Of 2019
Demand For Eurozone Loans Flat At Start Of 2019
April 09, 2019  |  Economy

Despite interest rates hovering near record lows, demand for loans by eurozone businesses was flat at the start of the year, increasing the likelihood the...

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