Eurozone banks are at risk of failing now as much as they were in 2008, new research finds May 12, 2015 If you think the European Central Bank and Bank of England’s stress tests have made Europe’s banking crash proof, think again. Despite the changes to the banking system, many institutions are still as vulnerable as they were before the 2008 crash, according to research by the University of Portsmouth. Banks in Italy, France, and Spain [...]
Factory gate prices starting to make a recovery in the Eurozone May 5, 2015 EUROZONE factory gate prices edged up in March, according to figures released by Eurostat yesterday. It adds further evidence that inflation in the currency bloc has bottomed out. Industrial producer prices rose 0.2 per cent in March compared with February. Industrial producer prices – also known as factory gate prices – gauge the prices of [...]
Eurozone inflation and jobs improve but recovery remains fragile, experts warn April 30, 2015 Inflation and unemployment in the Eurozone are gradually improving, but economists warn the currency bloc’s recovery is fragile. Prices failed to fall – or rise – registering zero change in April compared with the same month last year, figures released yesterday by Eurostat reveal. Inflation is now closer to the European Central Bank’s [...]
Eurozone inflation rose to zero in April April 30, 2015 Eurozone inflation rose to zero in April, ending a fourth-month stretch of price declines across the euro area. A flash estimate from official statistics agency Eurostat showed that Eurozone annual inflation was flat in April, having risen to -0.1 per cent a month earlier. It's up considerably from a low of -0.6 in January. The biggest [...]
Majority of Europe’s business leaders fear Brexit will harm the Eurozone economy more than Grexit April 30, 2015 The majority of European business leaders are more fearful about the impact of Brexit on the Eurozone than Greece dropping out of the single currency. In a survey of 2,600 chief executives conducted by Grant Thornton, nearly two thirds – 64 per cent – said Brexit would have a negative impact on Europe. On the question of [...]
Santander shrugs of Eurozone troubles to record 39 per cent jump in profit April 28, 2015 The Eurozone’s largest bank showed it can thrive in the region’s crisis. Profit before tax was up 39 per cent in the three months to March 2015, compared to the same three months a year ago. It came in at €2.9bn (£2.1bn), up from €2.1bn in quarter one 2014. Banco Santander’s net income grew 32 [...]
Confidence high in the Eurozone as Germany lifts growth forecast April 22, 2015 THE EUROZONE economic outlook is becoming rosier, with confidence levels remaining high and Germany – the largest economy in the currency bloc – raising its growth expectations. German officials have raised their growth forecasts to 1.8 per cent this year, up from a 1.5 per cent forecast in January. The brighter outlook comes from the [...]
IMF official: The risk of a Greek exit from the Eurozone should not be underestimated April 17, 2015 The International Monetary Fund (IMF) "doesn't expect a Greek exit from the euro", Poul Thomsen, one of its top officials, said a press conference today. However, he added that risks of a Grexit should "not be underestimated". The press conference came just over a day after the FT reported the IMF had "persuaded" the Greek government [...]
Eurozone inflation rose to -0.1 per cent in March April 17, 2015 Data released today showed the Eurozone is fighting tooth and nail to claw its way out of deflation, as prices rose for the second month straight, easing fears it could enter into a prolonged period of price falls. The single currency area's annual inflation rate rose to -0.1 per cent in March, up from -0.3 [...]
Eurozone recovery begins to gain some traction as new car sales speed ahead April 16, 2015 New car purchases in Europe are growing strongly, in a sign that the economy is starting to gain momentum. March saw the highest monthly growth for a year, as 1,604,107 new cars were registered. For the Eurozone, registrations of new cars were up 13.3 per cent compared to March last year, according to figures released [...]