Eurozone

For the first time in four years, consumer prices in the eurozone fall slightly | Economy

by

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

ECB: Eurozone recovery remains partial and uneven – Economy

by

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

Eurostat: Latvia had lower annual inflation in July than EU and eurozone average – Financial news – Financenet

by

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

Bruno Le Maire: “The European Union is protection, not a problem”

by

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

Concern rises over inflammation affecting children

by

The alert is worrying and the many pending questions will inevitably fuel anxiety. For several weeks, several medical teams in Europe have been worried about the growing appearance of serious inflammatory syndromes in children, some of which are associated with myocarditis (inflammation of the heart muscle). These teams wonder about the potential link with the … Read more

“Conditionality” separates Italy and the Netherlands and makes it difficult to reach an agreement in the Eurogroup | Coronavirus

by

Getting Italy and the Netherlands to agree on the conditions that will be required of countries that use the European Stability Mechanism (ESM) credit line is currently what separates the Eurogroup from a compromise solution that would allow the euro area, already next week, have a joint response to the crisis to present. The proposal … Read more