New doubts over digital-euro plan after ECB outage
European lawmakers have voiced fresh doubt about the European Central Bank’s digital-euro project after an outage in the ECB’s existing payment system caused…
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Germany’s Bundesbank reports record €19.2bn loss
Germany's national bank has reported record losses of €19.2 billion, marking its first deficit since 1979.
Eurozone’s third-straight inflation rise ‘reveals faltering economy’
Eurozone inflation has hit 2.4 per cent on an annual basis in its third straight increase.
ECB’s Lagarde sees weak growth, dominated by downside risks
Eurozone economic growth could be weaker in the months ahead and the medium-term outlook is uncertain with downside risks dominating, European Central Bank President…
Lagarde: US dollar world-order here to stay as overregulation holds back EU
The US dollar world-order is not going anywhere anytime soon, European Central Bank (ECB) President Christine Lagarde has claimed.
Eurozone business activity unexpectedly contracts in September
Eurozone business activity contracted sharply and unexpectedly this month as the bloc's dominant services industry flatlined while a downturn in manufacturing accelerated, a…
It is not Russia or greedy industry, it is the ECB that is driving inflation
With inflation stubbornly sitting above the target set by the European Central Bank (ECB), there seems to be no end in sight for the cost-of-living crisis.
Six EU nations ‘not yet ready for euro’
Bulgaria, Czechia, Hungary, Poland, Romania and Sweden are not ready to join the euro currency, despite legal commitments to do so, according to the European Commission's latest…
ECB cuts rates even as inflation fight goes on
The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, citing progress in tackling inflation even as it acknowledged the fight…
Heavy regulatory burden weighing on EU productivity: S&P
The European Central Bank has been congratulating itself too soon on a soft landing over the Eurozone inflation crisis, according to US financial analysis major…
No shift, Sherlock? Well, ECB hints of summer interest-rate cuts as Eastern Europe wields axe
It could be a sunnier summer for the Eurozone after the European Central Bank (ECB) hinted it might finally cut high interest rates that have enriched banks but…
Is a commitment to climate orthodoxy a prerequisite to working for the European Central Bank? The Frankfurt institution has tied itself in knots over the true meaning of diversity
There are two key kinds of diversity in Western liberal democracies. One visible. and one invisible.
EU gives banks just nine months to prepare for instant euro payments
The EU has given payment providers just nine months to get ready to accept instant euro payments, a move that the bloc hopes will help European payment providers…
‘Reform crucial now for troubled EU,’ says Draghi
Former Italian Prime Minister and European Central Bank chief Mario Draghi has demanded a reform of European institutions, insisting that the single market was in…
German, Dutch central banks post big losses, warn of more
The German and Dutch central banks on Friday posted multi-billion euro losses for 2023 and predicted more financial pain ahead, suggesting that they are unlikely…
‘All about control’: EP committee approves establishment of Digital Euro
The digital euro passed a key hurdle on February 15, with a European Parliament committee approving a draft opinion backing the European Central Bank's proposed…
Digital euro launch likely delayed as the hot money backs China
The digital euro's launch looks likely to be pushed back substantially from its 2027 goal.
Eurozone economy flatlined in 2023 with little hope of new life this year
The Eurozone economy stagnated last year, underperforming the rest of the world as former powerhouse Germany struggled with an industrial malaise that has no end…
Many ECB staff ‘not impressed’ with Lagarde
Lagarde, the first ECB President without a background as a trained economist, has lost the confidence of more than a thousand of her staff, according to a survey…
Digital euro ‘could significantly destabilise banking system’
"Central Bank Digital Currencies use blockchain technology but in a different way than cryptocurrencies.
Eurozone set for ‘the most widely predicted recession ever’
The Eurozone is set for economic downturn, with leading economists telling Brussels Signal “sticky inflation” will hold growth to below 1 per cent through the…
EC claims Austria must have EU permission to pass laws protecting cash
Austria is required to gain the permission of the European Union before it passes any laws regulating the use of cash in the country, the European Commission has…
IMF warns Europe: rising wages are bad for you
Rising wages may still push prices upwards, meaning Europe faces a "difficult task" in aiming at both price stability and growth, says the IMF.
Euro zone recession fears harden as surveys show grim start to Q4
The downturn in eurozone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting…
ECB moves ahead with digital euro project
The European Central Bank (ECB) is starting preparations for developing a digital euro that would be available free of charge to everyone in the Eurozone for any…
Polish currency at risk from proposed EU treaty changes, says central bank chief
Proposed Treaty change “would mean the liquidation of the zloty, the end of our national currency, the end of our independence and the end of our own monetary…
Portugal joining the euro was a mistake, MEP says
Portugal's decision to adopt the euro was the "wrong step", a left-wing MEP has said.
Eurozone core inflation hits 1-year low, backing ECB pause
Euro-area core inflation eased to its slowest pace in a year, supporting expectations that the European Central Bank will keep interest rates on hold to gauge the…
Euro set for record run of losses as ECB seen done raising rates
The euro was headed for the longest streak of losses since its inception on bets the European Central Bank is done raising interest rates.
ECB hikes interest rates in 10th salvo to quash inflation
The European Central Bank raised interest rates again, acting for the 10th consecutive time to choke inflation out of the euro zone’s increasingly feeble economy.