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Euro Zone

ECB has no plan to issue digital currency: Draghi

The sudden proliferation of cryptocurrencies such as Bitcoin, essentially a privately created online token, has sparked a global debate over whether central banks should also launch their own digital money.

Sep 14, 2018, 17:36 PM IST

Euro zone factory activity rises in August on strong demand

Euro zone manufacturing activity accelerated in August, clocking the fastest rise in export orders since February 2011 despite a strengthening currency, a business survey showed.

Sep 01, 2017, 16:08 PM IST

Euro zone stability risk contained but rising - ECB

Financial stability risks in the euro zone are contained but remain significant and have even increased in some areas over the past six months, the European Central Bank said in a regular stability review on Wednesday.

May 24, 2017, 14:22 PM IST

Euro zone factory activity hits six-year high in April

Euro zone jumped to 56.7 in April from March`s 56.2, reaching its highest level since April 2011.

May 02, 2017, 13:39 PM IST

Euro zone businesses started 2017 on a six-year high

The output price sub-index jumped to a near six-year high of 53.1 from 52.2.

Apr 05, 2017, 14:43 PM IST

France's Le Pen says euro exit 'wouldn't be a chaos'

French presidential candidate Marine Le Pen sought on Sunday to reassure voters concerned over her plans to withdraw the country from the euro zone, saying it "wouldn't be chaos" and she would seek "well-prepared" talks with other European Union countries.

Mar 26, 2017, 18:10 PM IST

ECB stands firm on stimulus, but says urgency eases

The European Central Bank pledged on Thursday to keep its aggressive stimulus policy at least until the end of the year, but markets leapt higher as it signalled there was less of a need to prop up growth and inflation in the euro zone.

Mar 09, 2017, 21:31 PM IST

February was worst month for euro zone businesses in over a year: PMI

Euro zone businesses had their worst month in over a year in February which, coupled with further signs of deflationary pressures, is likely to solidify expectations for further monetary policy easing, a survey found.

Mar 03, 2016, 14:53 PM IST

Slower euro zone growth gives ECB ammunition to act in December

The 19-member euro zone grew by 0.3 percent in the third quarter.

Nov 13, 2015, 19:39 PM IST

Global economy Weekahead: Fed to dominate week of central bank meetings

The U.S. Federal Reserve takes centre stage in the coming week, eclipsing industry data from China, another grim inflation reading from the euro zone and rate decisions in Japan and Switzerland.

Sep 11, 2015, 14:58 PM IST

Greek creditors seek third wave of reforms before loan

International creditors want Greece to enact a third wave of politically sensitive reforms before they will release any money to keep the near bankrupt country afloat under a third bailout they began negotiating on Monday.

Jul 28, 2015, 00:01 AM IST

Global economy: Second half of 2015 begins on shaky note

The global economy started the second half of the year on shaky ground as business activity in the euro zone was weaker than expected and China`s vast factory sector appeared to be contracting at the fastest pace in 15 months in July.

Jul 24, 2015, 15:27 PM IST

Greek finance minister quits to smooth talks after 'No' vote

His sacrifice, after promising Greeks he would win a better deal within a day of their overwhelming referendum vote, suggested leftist Prime Minister Alexis Tsipras is determined to try to reach a last-ditch compromise with European leaders.

Jul 06, 2015, 13:58 PM IST

Greece's Tsipras summons cabinet as debt deadline nears

Greek Prime Minister Alexis Tsipras summoned an urgent meeting of his cabinet on Friday after euro zone partners warned Athens it had until the weekend to accept a cash-for-reform deal or plunge towards default.

Jun 27, 2015, 03:17 AM IST

European stocks mixed at open

Investors brushed off increasing worries about Greece`s future in the eurozone after talks between the bloc`s Eurogroup of finance ministers fell apart Thursday.

Jun 19, 2015, 13:29 PM IST

Merkel says Greek deal still possible if Athens shows the will

German Chancellor Angela Merkel said on Thursday a deal between Greece and its creditors was still possible if Athens showed the necessary will, amid mounting pessimism that the austerity-hit country might crash out of the euro zone.

Jun 18, 2015, 16:38 PM IST

Greek PM sticks to hard line as contagion hits euro zone bonds

Yields on bonds issued by other vulnerable euro zone states leapt in one of the most aggressive episodes of contagion since the height of Europe`s debt crisis in 2012.

Jun 16, 2015, 17:11 PM IST

ECB might ease Greek restrictions if aid deal likely: Source

The European Central Bank might ease restrictions on how much short-term Greek government debt the country`s banks can hold if becomes clear the euro zone will disburse long-awaited aid to Athens, a banking source said on Wednesday.

May 28, 2015, 09:15 AM IST

Greek PM says on final stretch towards deal with lenders

Greece`s Prime Minister Alexis Tsipras said on Saturday his leftist-led government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity.

May 23, 2015, 18:30 PM IST

Weekahead: Euro zone set to report solid growth, for a change

With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the euro zone is finally shaking off half a decade of torpor.

May 10, 2015, 14:00 PM IST