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Eurozone

Economy

France and Germany near deal that would put De Cos in ECB top job

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Business

Fitch Ratings: Hungary could meet eurozone entry criteria by 2030

According to the credit rating agency, Hungary’s 2027 draft budget supports its aim of meeting the conditions for adopting the euro by the end of the decade.

23 October 2026

Economy

Eurozone debt climbs to 88.8% of GDP as Italy closes in on Greece

Government debt in the eurozone rose to 88.8% of GDP in the second quarter of 2026, with Italy closing in on Greece, the most indebted member state, and France's debt climbing to 119.1% as its borrowing costs topped 5%.

21 October 2026

Markets

Euro hits fresh lows against US dollar and British pound despite hikes

The euro slid this week to its weakest level against the US dollar since mid-May 2025 and the British pound since early June 2025, as an energy shock, France’s debt crisis and a resurgent US dollar outweigh two interest rate hikes by the European Central Bank.

15 October 2026

Economy

IMF forecasts 3.1% global growth in 2026, with eurozone at 1.1%

The IMF raised its 2026 global growth forecast to 3.1%, citing resilient economies and AI investment. However, high energy prices linked to conflicts will weigh on growth, with eurozone expansion forecast at 1.1%.

13 October 2026

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Markets

Euro hits 17-month low on French debt fears and Spanish turmoil

The euro slid to its weakest level against the US dollar since May 2025 on Monday, as France's debt troubles and Spain's political turmoil, capped by a snap election call, fuelled fears of a fresh eurozone crisis and of contagion across the bloc's bond markets.

Economy

ECB raises rates to 2.5% as energy costs bite

The European Central Bank has raised interest rates by a quarter point, lifting its deposit rate to 2.5%, as the energy shock driven by the Iran war pushes eurozone inflation higher and forces a second hike in three months.

10 September 2026

Economy

An ECB rate hike is all but certain, the reasoning less so

The European Central Bank is all but certain to raise interest rates on Thursday, with investors pricing the move at near-total probability, but the decision is more awkward than the numbers suggest as inflation is being driven almost entirely by energy with underlying pressures actually easing.

9 September 2026

Business

ECB rate hike looms as energy shock pushes inflation to 3.3%

With eurozone inflation at 3.3% and energy costs surging, markets are pricing in another ECB rate rise on 10 September. ECB economists say this energy-driven episode looks nothing like the demand-fuelled surge of 2021-22.

2 September 2026

Economy

German inflation rises to 2.9% in August, coming in below expectations

Inflation in Germany rose 2.9% in the year to August on the harmonised measure tracked by the European Central Bank, a fresh acceleration from July but well short of the 3.1% economists had expected, in a reading that offers modest relief to policymakers meeting in Frankfurt next week.

Business

Digital euro enters final round of EU negotiations

The European Parliament and EU governments are entering the final phase of negotiations on the digital euro. The most sensitive issues include how fees will be shared and how banks and payment providers will be compensated.

Europe Today

Euro area 'under strain' as recession risks loom

Rolf R. Strauch, Chief Economist at the European Stability Mechanism, said governments "have to create growth" to avoid a possible recession. The global instability poses "high demands" in governments that have to face them with limited fiscal space.

Economy

US job growth plummets as eurozone unemployment holds at record low

New labour market data highlights a growing transatlantic divide, with US payroll additions slowing drastically, while the Eurozone unemployment rate remains anchored at an all-time low.

Economy

Eurozone economy shrinks by 0.2% in the first quarter of 2026

The 21-member euro area has entered negative territory for the first time in over a year, with a dramatic Irish contraction masking more nuanced performances across the bloc's major economies.

Economy

ECB holds rates at 2% as inflation rises and eurozone growth slows

The European Central Bank has held interest rates at 2% for a third straight meeting, even as inflation rises and growth slows across the eurozone.

Economy

Inflation hits 3% in euro area as Iran war spreads oil price shock

Soaring oil prices linked to the Iran war pushed inflation higher in the euro area in April, while growth continued to underperform — a worrying combination for both consumers and policymakers at the European Central Bank.

Economy

IMF drops Eurozone's economic growth forecast to 1.1% from 1.4%

The International Monetary Fund (IMF) has adjusted its growth projection for the eurozone down to 1.1% from 1.4% for 2026 as prospects for the euro area dwindle amid higher inflation and reduced momentum.