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The euro - the EU single currency

Latest news about the European Union's single currency.

Euro currency news daily 22 February 2017, 11:57 CET

HSBC, JP Morgan, Crédit Agricole fined EUR 485m for rate rigging 07 December 2016, 23:04 CET
Crédit Agricole, HSBC and JPMorgan Chase were fined a total of EUR 485m by the EU Commission Wednesday for their participation in the Euribor cartel in euro interest rate derivatives.

Central Counterparties Recovery and Resolution Proposal 29 November 2016, 22:57 CET
The European Commission proposed on 28 November new rules to ensure that systemic market infrastructures in the financial system, known as Central Counterparties (CCPs), can be dealt with effectively when things go wrong.

New reforms to boost resilience of European banks 24 November 2016, 18:42 CET
The EU Commission unveiled a package of proposals Wednesday to boost the resilience of European banks against potential shocks, and to support smaller businesses and infrastructure investment.

Euro hopefuls not yet ready to join 08 June 2016, 16:24 CET
Of the seven countries legally committed to adopting the euro, none currently meets all the conditions for joining the single currency, says the 2016 Convergence Report, published Tuesday.

Eurozone economic activity ticks up after sharp fall: survey 05 April 2016, 20:24 CET
Eurozone private sector business activity ticked up in March after a sharp fall in February, the closely watched Markit survey shows, but the outlook remains clouded.

Eurozone jobless rate falls marginally, outlook uncertain 04 April 2016, 13:56 CET
The eurozone unemployment rate improved only marginally in February, official data showed on Monday, stoking concerns the economy could be slowing after only a modest recovery.

Eurozone inflation inches up, still negative in March 01 April 2016, 21:03 CET
Eurozone consumer prices continued to fall in March at only a slightly slower pace than in February, data showed Thursday, despite the European Central Bank boosting its already massive stimulus programme to beat deflation.

Germany cuts public debt to 2.15 trillion euros in 2015 31 March 2016, 11:47 CET
Germany, Europe's biggest economy, shaved 24 billion euros ($27 billion) off its overall public debt burden to 2.153 trillion euros in 2015, the country's central bank, or Bundesbank, said on Thursday.

'Helicopter money' not under discussion at ECB: Coeure 31 March 2016, 01:21 CET
The concept of "helicopter money" where the European Central Bank would print and hand out cash directly to eurozone citizens "is not currently part of the discussion" on the ECB's governing council, says a top official.

Hollande - Euro 2016 an antidote to Paris, Brussels attacks 29 March 2016, 23:47 CET
French President Francois Hollande said on Tuesday all the security necessary would be mobilised for Euro 2016, a competition which he insisted would be "a form of answer to the hate, horror" of the Paris and Brussels terrorist attacks.

Global concerns weigh on eurozone recovery: ECB 24 March 2016, 22:52 CET
Economic recovery in the eurozone is set to continue in the coming months, but not as fast as hoped owing to global uncertainties and slowing growth in emerging economies, the European Central Bank said on Thursday.

ECB loans EUR 7.3 bn to banks at ultra-cheap rates 24 March 2016, 18:16 CET
The European Central Bank said Thursday that it had leant 7.3 billion euros ($8.1 billion) in ultra-cheap loans to banks in the latest round of its plan to kick-start lending to households and businesses.

European banking supervisor urges banks to re-think business model 23 March 2016, 14:52 CET
Low interest rates and exposure to substantial amounts of bad debt have severely weakened Europe's banks, and should cause them to re-evaluate their business models, says the region's banking supervisor.

European bank supervisor says Italian merger 'must' succeed 22 March 2016, 15:47 CET
Europe's banking supervisor said on Tuesday that she would work hard to ensure a proposed tie-up between Italian banks Banco Popolare and Banca popolare di Milano (BPM) was a success.

ECB stimulus has created 80,000 French jobs: Bank of France chief 21 March 2016, 13:22 CET
France's central bank chief Francois Villeroy de Galhau said Monday that contested economy-boosting measures by the European Cental Bank had produced "tangible results", including tens of thousands of French jobs.

Is 'helicopter money' moving on to ECB's radar? 21 March 2016, 00:03 CET
It's a concept that conjures up images of European Central Bank chief Mario Draghi donning his flying suit, starting his helicopter and flying out over the eurozone to throw money to the crowds below.

ECB's Draghi urges EU leaders to adopt deeper reforms 17 March 2016, 21:55 CET
European Central Bank head Mario Draghi urged EU leaders on Thursday to embrace even deeper reforms and pull their weight in turning around the lacklustre European economy.

Brewer AB InBev makes record euro debt issue: source 16 March 2016, 19:11 CET
The world's leading brewer, Anheuser-Busch InBev, raised 13.25 billion euros ($14.7 billion) on the markets Wednesday, a record amount in euros, a source told AFP.

Draghi, Germany draw daggers over ECB's mega-stimulus 11 March 2016, 23:16 CET
A simmering war between ECB chief Mario Draghi and Germany erupted into the open on Friday after the bank unleashed an unprecedented stock of ammunition to light a fire under chronically weak inflation.

Finnish MPs to debate euro exit after 'Fixit' petition 10 March 2016, 17:13 CET
Finland's parliament must hold a debate on a possible referendum to leave the European single currency euro after receiving a citizen's initiative signed by more than 50,000 Finns on Thursday.

Germany's Schaeuble snubs debt relief for Greece 08 March 2016, 14:57 CET
German Finance Minister Wolfgang Schaeuble warned Tuesday he opposed debt relief for Greece, a day after eurozone ministers agreed to consider the possibility in upcoming bailout talks.

Why is eurozone inflation so persistently low? 07 March 2016, 11:20 CET
Despite a raft of different measures by the European Central Bank to kickstart sluggish consumer prices in the eurozone, inflation in the single currency bloc turned negative in February for the first time in five months.

Eurozone unemployment at lowest since August 2011 02 March 2016, 12:30 CET
Eurozone unemployment fell to its lowest level in four-and-a-half years in January, official data showed Tuesday, beating forecasts but still too high to help stimulate growth in Europe's nearly static economy.

Eurozone inflation fall heightens pressure on ECB 01 March 2016, 11:15 CET
Eurozone inflation in February plunged sharply back into negative territory, data showed on Monday, in the clearest sign yet that several rounds of stimulus measures by the European Central Bank are not working.