The euro - the EU single currency

Latest news about the European Union's single currency.

Advertisement

Likely new Dutch Eurogroup boss is austere and unknown — 17 January 2013, 17:52 CET

Dutch Finance Minister Jeroen Dijsselbloem's reputation as a slightly stuffy bridge-builder will serve him well if, as expected, he becomes the head of the Eurogroup, coordinating austerity policies in the crisis-hit eurozone.

EU warns Latvia about non-resident banking — 16 January 2013, 22:46 CET

The European Commission warned eurozone aspirant Latvia on Wednesday to guard against growing banking sector imbalances and to closely monitor the identity of non-resident account holders.

Greek banks regain access to ECB funding — 16 January 2013, 19:49 CET

A number of Greek banks have regained access to regular European Central Bank funding following Athens' implementation of a bank recapitalisation plan, the ECB said on Wednesday.

Bundesbank says will bring home gold reserves — 16 January 2013, 22:44 CET

The Bundesbank has decided to bring home to Germany some of its huge piles of gold ingots stashed away in the United States and France, it said on Wednesday after accusations that it has not kept proper track of the reserves.

Eurozone inflation 2.2% in December — 16 January 2013, 12:36 CET

Inflation in the 17-member eurozone was stable at 2.2 per cent in December, official data confirmed on Friday, as the slowing economy took pressure off prices.

Bank winding up system priority for this year: Barroso — 15 January 2013, 23:51 CET

Progress on a system to wind-up failing banks before they can wreck the wider economy is of critical importance this year, says the European Commission.

Eurozone Nov industrial output down 0.3% — 14 January 2013, 11:19 CET

Industrial output in the 17-nation eurozone fell 0.3 per cent in November compared with output in October, reflecting the continued slowdown in the overall economy, official data shows.

Juncker backs French woman to head new bank supervisor — 10 January 2013, 13:41 CET

The head of the European Union's new banking regulator should be a woman and in this first instance, come from France, outgoing eurozone head Jean-Claude Juncker said Thursday.

Italian rates sharply down in EUR 8.5 bn bond sale — 10 January 2013, 12:32 CET

Italian borrowing rates dropped sharply on Thursday in the Treasury's first bond sale of 2013, which raised 8.5 billion euros in short-term paper.

Eurozone could emerge from crisis in 2013: S&P — 10 January 2013, 16:46 CET

The eurozone could emerge from its debt crisis this year, Standard & Poor's said in a report titled "The Eurozone Debt Crisis: 2013 Could Be A Watershed Year".

Relaxing bank liquidity rules sparks hope for euro lending boost — 09 January 2013, 10:30 CET

The loosening of liquidity rules due to come into effect on banks raises hopes among some analysts to a recovery of lending the eurozone.

EU Investment Bank confirms EUR 10 bn capital boost — 08 January 2013, 17:42 CET

The European Investment Bank says its shareholders, the EU's 27 member states, have unanimously approved a 10 billion euro capital increase, as agreed by national leaders last year.

Euro unemployment hits 'unacceptable' high — 08 January 2013, 16:02 CET

European unemployment has hit an unacceptable high, as one national leader put it, with dire figures in Spain highlighting a growing north-south divide that experts warn will only get worse.

European retail sales edge up — 08 January 2013, 11:39 CET

Eurozone and EU retail sales edged up in November after a sharp fall in October as consumer confidence firmed slightly ahead of the Christmas holiday season, official data showed on Tuesday.

EU welcomes relaxation of bank capital buffer terms — 07 January 2013, 17:50 CET

The European Commission on Monday welcomed the agreement by top regulators to ease the burden on banks to increase their capital, a move which should also help the economy by providing more credit.

Eurozone inflation 2.2% in December — 04 January 2013, 13:14 CET

Inflation in the 17-member eurozone was stable at 2.2 percent in December, official data confirmed on Friday, as the slowing economy took pressure off prices.

Germany back to growth as December PMI raises hopes — 04 January 2013, 13:13 CET

Germany appeared set for a return to growth in December as wider eurozone business activity hit a nine-month high, a closely watched survey showed on Friday.

Commission head says markets no longer see eurozone break-up — 03 January 2013, 17:31 CET

Investors no longer think there is a risk that the eurozone could break up, says European Commission President Jose Manuel Barroso, though the situation in Europe remains "difficult".

EU concerned over German bank regulator: report — 03 January 2013, 13:32 CET

The European Commission is concerned that Germany's banking supervisor could be restricting the free flow of capital to lenders abroad, a newspaper report said on Thursday.

Eurozone manufacturing shrinks in December — 02 January 2013, 11:28 CET

Eurozone manufacturing activity contracted for a 17th month running in December, a key survey of business managers showed on Wednesday.

Europe is 'real risk' for global economy: Nobel laureate — 02 January 2013, 11:28 CET

Debt problems in both the United States and Europe represent the biggest risks for the global economy in 2013, Nobel prize laureate Joseph Stiglitz wrote in a newspaper article on Wednesday.

France, Belgium pump fresh capital into Dexia bank — 31 December 2012, 20:34 CET

Belgium and France have subscribed to a 5.5 billion euro injection of capital to bail out the Dexia bank, in line with a restructuring plan approved by the European Commission last week.

EU clears latest Dexia restructuring plan — 28 December 2012, 15:50 CET

The European Commission has approved the latest, 90-billion-euros restructuring plan for Dexia, a Franco-Belgian bank bailed out at the height of the financial crisis which has struggled ever since.

Italian rates edge upwards in EUR 8.5 bn debt auction — 27 December 2012, 17:43 CET

Italian borrowing rates rose slightly in a short-term debt auction that raised 8.5 billion euros political uncertainty ahead of a general election in February.

Euro survives 2012, further tests in store — 23 December 2012, 12:33 CET

The battered euro, written off as a dud many times during a crisis-wracked year, appears to have survived 2012, but 2013 could prove just as difficult if the economy continues to struggle.