Eurozone inflation has dropped back into the single figures after two months of double-digit rates. The latest figures from the EU statistics agency Eurostat estimate that the annual inflation rate across the eurozone was 9.2% in December, down from 10.1% in November and 10.6% in...
Having passed the last remaining legal hurdles, Croatia officially joined the eurozone on Jan 1. The European Union (EU) member became the 20th country to officially adopt the euro currency and the 27th member to join the Schengen free-movement area, which now consists of 23...
The EU has a lot to consider as it mandates banks to offer instant payments. First introduced in 2017, Single Euro Payments Area (SEPA) instant payments have been plagued by a slow rollout and low adoption by banks in the eurozone. To remedy this, the...
Some Eurozone banks reportedly may have trouble paying back the European Central Bank (ECB). Banks are now repaying loans from the ECB’s Targeted Longer-Term Refinancing Operations (TLTRO) because the central bank raised the borrowing costs. Still, they may find it more difficult to raise funds in the...
January 09, 2023
Eurozone inflation has dropped back into the single figures after two months of double-digit rates. The latest figures from the EU statistics agency Eurostat estimate that the annual inflation rate across the eurozone was 9.2% in December, down from 10.1% in November and 10.6% in October. The lower inflation follows a series of interest rate […]
September 25, 2023
Global trade has reportedly experienced a significant decline in recent months, with trade volumes falling at the fastest pace since the pandemic began. The slowdown in global trade can be attributed to various factors, including rising inflation, higher interest rates and a shift in consumer spending toward domestic services, the Financial Times (FT) reported Monday (Sept. […]
December 09, 2022
Some Eurozone banks reportedly may have trouble paying back the European Central Bank (ECB). Banks are now repaying loans from the ECB’s Targeted Longer-Term Refinancing Operations (TLTRO) because the central bank raised...
November 29, 2022
The U.K. will amend its banking rules to help London remain a global finance hub. As Reuters reported Tuesday (Nov. 29), London city minister Andrew Griffith says financial services legislation...
November 23, 2020
The eurozone economy is backsliding amid a second lockdown in Europe triggered by a wave of new COVID-19 infections, according to a new analysis by IHS Markit released on Mondsy...
