The euro - the EU single currency
Latest news about the European Union's single currency.
- ECB rates unchanged, 'risks remain on the downside' -Euro currency news daily — 20 January 2017, 12:07 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
- 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