Tag: Eurozone

The euro zone economy eked out a better-than-expected 0.1% growth in the second quarter, compared to the previous three-month stretch, flash data from Eurostat showed Wednesday.

Growth in the euro zone’s dominant services industry resumed in June after a brief contraction in May, though the pace remained marginal as demand remained weak despite improving business confidence, a survey showed on Thursday.

Eurozone inflation hit 2 per cent in June, rising back up to the European Central Bank’s medium-term target.

Bulgaria on Wednesday secured the green light to join the euro zone, meaning the bloc could soon grow from 20 to 21 members.

Euro zone inflation eased below the European Central Bank’s target last month on surprisingly benign services costs, underpinning expectations for further policy easing even as global trade tensions fuel longer-term price pressures.

The euro zone economy is still just limping along and a raft of surveys published on Thursday point to only lukewarm optimism among firms as services, the bloc’s engine in the past, also appear surprisingly weak.

The euro zone economy grew slower in the first quarter than initially estimated but employment held up well, indicating that the bloc keeps creating jobs despite years of anaemic expansion, data from Eurostat showed on Thursday.

European Union leaders urged a calm response to U.S. President Donald Trump’s tariffs that have battered global markets, days after a more bellicose China pulled the trigger on retaliation.

French President Emmanuel Macron called on Thursday for European companies to suspend planned investment in the United States after U.S. President Donald Trump announced sweeping global tariffs on American imports.

The euro zone economy has shown modest growth for the third consecutive month in March, according to a survey.

Annual Euro zone inflation dipped as expected to 2.2% in March, according to flash data from statistics agency Eurostat published Tuesday.

Δυσχεραίνει το οικονομικό κλίμα στην Ευρώπη εν μέσω των συνεχιζόμενων γεωπολιτικών εντάσεων και της υψηλής αβεβαιότητας που προκαλεί η εμπορική πολιτική των ΗΠΑ. Ο δείκτης οικονομικού κλίματος υποχώρησε τον Μάρτιο, τόσο στην ΕΕ όσο και στην Ευρωζώνη. Από την άλλη πλευρά, στη χώρα μας καταγράφεται μικρή ανάκαμψη μετά από τη «βουτιά» του Φεβρουαρίου, αν και η καταναλωτική εμπιστοσύνη υποχωρεί και πάλι.

U.S. President Donald Trump threatened to impose “far larger” tariffs on the European Union (EU) and Canada if they work together to combat trade tariffs.

President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war that could easily get out of hand.

The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket U.S. tariffs on steel and aluminium.

President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans.

Σε άμεσα αντίποινα προχώρησε η Ευρωπαϊκή Ενωση ελάχιστες ώρες μετά την επιβολή δασμών 25% από τον Ντόναλντ Τραμπ στις εισαγωγές ευρωπαϊκού χάλυβα και αλουμινίου, με τις δύο πλευρές πλέον να είναι αντιμέτωπες με εμπορικό «πόλεμο».

The European Central Bank cut its benchmark interest rate by a quarter point to 2.5% on Thursday as inflation nears 2% and growth remains weak.

New plans from the European Union to increase defense spending could potentially mobilize as much as 800 billion euros ($841 billion), European Commission President Ursula von der Leyen said Tuesday.

Shares in European carmakers and automotive suppliers fell sharply on Tuesday, after U.S. tariffs of 25% on imports from Mexico, a major centre for the sector to supply the American continent, took effect.