Eurozone

The economic growth in the eurozone rebounded in the second quarter, according to the data released by the European Union’s (EU) agency, on Monday (July 31). The report has since led to a rise in European shares with the German blue-chip…

Inflation in the 20-nation eurozone fell to 5.3% in July, down almost a percentage point from May, the EU statistics agency Eurostat said on Monday. In June, the rate of inflation was 5.5%, as compared with 6.1% in May. The lower July…

The interest rate in the 20 Eurozone countries has been returned to the highest ever level.Not since October 2000, when the euro was newly launched, have rates been this high. On Thursday, the European Central Bank (ECB)…

Why It MattersEurope’s economy, though more resilient than many forecasters had predicted, has still significantly weakened over the past 12 months, with a drop in inflation-adjusted wages and consumer confidence. Growth is expected to pick…

The nature of the inflation problem in the eurozone is changing, and interest rates will need to be higher for longer than policymakers and investors once estimated, Christine Lagarde, the president of the European Central Bank, said on…

The interest rate in the 20 Eurozone countries has been hiked to a more than 20-year high.The European Central Bank has increased its benchmark rate to 3.5%, up 0.25 percentage points, making borrowing more expensive as it…

The 20 countries using the euro were officially in recession over the winter, latest statistics show. Revised data from the European statistics office, Eurostat, showed the eurozone economy contracted 0.1% in the first three…

The euro area suffered the mildest possible recession during the winter after Russia’s war in Ukraine sent energy prices soaring. The outcome will come as a blow after politicians and European Central Bank officials said…

Why It MattersStubbornly high inflation tipped many consumers across the continent into a cost-of-living crisis, prompting them to pull back considerably on spending during the period. Spending in the eurozone fell 0.3 percent in the first…

Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has expressed confidence that her home country Bulgaria will ultimately join the Euro zone, despite political obstacles that have hindered the nation's…