Higher U.S. interest rates might have a positive effect on the European economy as the weakening of the euro will cheapen exports to the U.S. and imports will become more expensive, the Cologne Institute for Economic Research (IW Cologne) said in a commentary article released on Monday.
The euro steadied on Tuesday, having bounced back from a near 21-month low set the previous day after Italian Prime Minister Matteo Renzi's loss in a referendum over constitutional reform, an outcome that traders had widely expected.
The Macedonian finance ministry is not fully abandoning plans to issue a euro bond, although it was forced to postpone the operation, the ministry announced on Friday.
The International Monetary Fund (IMF) said on Friday that the euro area GDP growth was expected to decelerate to 1.6 percent this year, mainly due to the negative impact of the UK referendum.
while weakness for the euro has been one of the main factors behind Italy's recent economic stability, economists say continued weakness would not be all good news for Italy.
The exports of the 19-country Eurozone increased to 182.7 billion euros in June, official data shows, suggesting the single currency bloc continued to benefit from the weakened euro.
An independent advisory panel of German government said on Tuesday that a mechanism allowing member states to go bankruptcy should be created in the eurozone to prevent crises.
Chinese Premier Li Keqiang said Monday that his country would like to see Greece stay in the euro zone and is willing to play a constructive role in efforts toward that end.
German Chancellor Angela Merkel reiterated on Thursday that her government wanted to keep Greece in the euro zone, but the indebted country must stick to its promised structural reforms in order to reach a deal with international creditors.
The British pound Tuesday hit 1.40 pounds against 1 euro mark for the first time since December 2007, as the European Central Bank (ECB) began its quantitative easing policy on Monday.
The euro's dramatic slide against the U.S. dollar and other world currencies should be good news for the Italian economy, attracting more non-European tourists and lowering the prices for Italian experts. But a closer look at the numbers reveals some worrying aspects as well.
The euro's dramatic slide against the U.S. dollar and other world currencies should be good news for the Italian economy, attracting more non-European tourists and lowering the prices for Italian experts. But a closer look at the numbers reveals some worrying aspects as well.
Teams of European Central Bank (ECB) technocrats are gearing up for a governing council session to discuss its 1.1-trillion-euro (1.22 trillion U.S. dollars) quantitative easing program in Cyprus, officials said on Wednesday.
Ifo index for the economic climate in the euro area rose to 112.7 points in the first quarter from 102.3 points in the previous quarter, the Munich-based think tank reported Thursday.
The annual meeting of the 45th World Economic Forum on Saturday came to an end and world leaders are still scrambling to find ways to stimulate economic growth.
The U.S. dollar strengthened against most major currencies Friday and rose versus the euro as the Federal Reserve is expected to raise interest rates in 2015 while the European Central Bank (ECB) may expand monetary easing measures.
Slovenia, Slovakia, Estonia and Latvia are the first countries among the ten new member states from Central and Eastern Europe to adopt the euro currency after joining the European Union (EU) in 2004.
简体中文
