The European Union fears that Britain’s departure from the bloc will encourage other countries to leave the euro zone. It is feared that countries such as Italy, Greece and Spain will abandon the single currency, which has been “extremely destructive” to their economies. Political commentator Helen Dale told Mike Graham that there was a movement … Read more
The authorization of the European Union was the last major obstacle to a transaction that will create a powerhouse in the financial data industry. The purchase of Refinitiv for US $ 27 billion by the London Stock Exchange Group (LSEG) was approved by European Union regulators, overcoming the last major hurdle to creating a financial … Read more
Schedule. Pending unemployment in the eurozone and Brexit Eurozone. This Tuesday the employment data for all EU countries will be known. In October, the unemployment rate in the European Union fell to 8.4%, with a loss of 91,000 people compared to September to just over 13.82 million people. Brexit. The United Kingdom and Brussels continue … Read more
The Covid-19 it continues to wreak havoc and early estimates of the health of the real estate sector for 2021 are not good. Spain, Italy Y United Kingdom make up the ‘top 3’ europeo of countries where the value of the housing will touch lower prices next year. The factors that make this trio the … Read more
The ministers of Economy of the euro zone warned this Tuesday of the risk of recession related to a second wave of the coronavirus pandemic, in addition, they called for maintaining budgetary policies favorable to growth. “The tightening of the restriction measures will of course have an impact on economic activity”, declared the European Commissioner … Read more
This week, we have seen how in Germany, the benchmark DAX index fell 4% in just one session. In France, the CAC-40 fell 3.3%, and is returning to the lows recorded last spring, at the beginning of the Covid crisis. Across Europe, a decline in equities is beginning to unfold without it being clear what … Read more
Consumer prices in the eurozone fell slightly in August compared to a year earlier. As a result, inflation in the euro area is negative for the first time since 2016, at minus 0.2 percent. This is reported by the European statistical office Eurostat. According to experts, this is mainly due to the weak demand for … Read more
After a “drastic collapse” in growth in the first weeks of the second quarter due to the coronavirus emergency, “the recovery in the Eurozone remains partial and uneven”. This is what we read in the minutes of the last Eurotower meeting in July which explains that “in parallel with the ongoing containment of the virus … Read more
Annual inflation in Latvia, as in Luxembourg, was 0.1% in July. The highest inflation last month was in Hungary (3.9%), Poland (3.7%), the Czech Republic (3.6%), Romania (2.5%), Slovakia and Austria (both 1.8%), Belgium (1.7%) and the Netherlands (1.6%). In July, compared to the seventh month of 2019, inflation was registered in 18 EU member … Read more
The coronavirus will cause a “dizzying” economic crisis that will widen the differences between the North and the South of the Union, warns Bruno Le Maire, the Minister of Economy and Finance. If the 27 fail to pool the debt to finance reconstruction spending, the Union and the euro area will be doomed to disappear. … Read more