Investing.com – The European Central Bank cut interest rates at its meeting on Thursday, as widely expected, and signaled the likelihood of further easing in 2025 as the eurozone’s economy is struggling and inflation is nearly back at target. The ECB cut its benchmark deposit rate by 25 basis points to 3.0%, while the interest…
The ECB is ‘monitoring current market tensions closely and stands ready to respond as necessary to preserve price stability and financial stability.’ The European Central Bank lifted its key lending rate by 50 basis points Thursday, defying market forecasts that the region’s simmering banking crisis, triggered in part by the failure of Silicon Valley Bank…
The European Central Bank (ECB) on Thursday announced a record rate hike in a bid to stifle record inflation across the euro area. The ECB’s three key interest rates were each raised by 75 basis points. “This major step frontloads the transition from the prevailing highly accommodative level of policy rates towards levels that will…
Amid record-high inflation and a Russian gas squeeze, the European Union’s 27 states are addressing their economic woes against the backdrop of Russia’s invasion of Ukraine. Leaders of the European Union’s 27 member states are meeting for the second day of a summit on Friday to address the bloc’s inflation-hit economy. The first day of…
By becoming the first region to introduce coordinated regulation over cryptocurrencies, the EU hopes to attract a market worth almost $350 billion spread across over 6,000 digital currencies. Cryptocurrencies, such as Bitcoin and Facebook’s digital currency Libra, may herald the future of payment systems, or even how we will exchange value over the Internet in…
In the long run, the COVID-19 pandemic may change Europe’s economy for the better. People wearing face masks walk in front of a euro sign in Frankfurt am Main, Germany, on April, 24. YANN SCHREIBER/AFP/GETTY IMAGES Germany’s fiscal prudence hasn’t made the country popular. Over the past several years, economists have written countless op-eds blaming Germans…
The German Chancellor’s surprising move to back a cashed-up EU recovery fund is giving fresh impetus to a supranational approach. The German Chancellor has a record of defying orthodoxies and the Covid-19 crisis cries out for extraordinary steps BERLIN • German Chancellor Angela Merkel is well known for her political flexibility. After the catastrophe of…
COVID-19 is transforming the EU works in several ways, accelerating trends that were visible before the virus struck. These changes are good news for anti-EU populists. It is far too soon to judge how COVID-19 will transform the EU – we are still in the early phases of a story that will last for several…
The clock is ticking on the continuing existence of the EU. Image credit: Christian Wiediger on Unsplash The French president Emmanuel Macron recently fired a warning shot across the bow of the European ship of state. He said that without making all EU countries mutually responsible for the debts of individual countries, the EU could…
Reuters/Jason Cairnduff Three of Europe’s largest economies — Germany, Italy, and the UK — are either in recession or are on the verge of it, which could spell danger for the eurozone. Germany, Europe’s industrial backbone, is stuttering. The unemployment rate has risen for the second time in three months. The UK economy contracted for…