The caricatures are faulty, but the crisis is real.
Policymakers are trying to slow soaring inflation while avoiding a recession among the countries that use the euro.
As the European Central Bank prepares to raise interest rates for the first time in more than a decade, the challenges for one of the bloc’s largest economies balloon again.
Central banks in the U.S., Europe, Canada and parts of Asia are lifting interest rates rapidly as they try to wrestle breakneck inflation under control.
This time, a weak currency does reflect a weak economy.
In recent months, pressure on the euro has been mounting while investors have been flocking to the U.S. dollar, a haven in times of economic upheaval.
After more than a decade of worrying about low inflation, the European Central Bank is trying to tackle the problem of high inflation across the eurozone’s economies.
Investors appeared mostly unsurprised by the Federal Reserve’s announcement of a large rate increase, with the S&P 500 closing up 1.4 percent.
If you aren’t taking risks, you aren’t doing your job.
The economic toll of Russia’s war on Ukraine keeps widening, with price rises in Germany hitting a record and inflation in Estonia topping 20 percent.
The euro hasn’t fallen below the one-to-one exchange rate with the U.S. dollar for two decades. But as economic risks grow, more analysts predict deeper lows for the shared currency.
Romania is buying iodine pills. Ireland enacted special incentives for its farmers to till essential crops. And military spending is rising across the continent.
Citing sanctions, the Russian government warned it might pay foreign debt obligations in rubles. Credit rating agencies say a default is imminent.
Russia’s invasion of Ukraine and rising energy costs have added new uncertainty to the bank’s forecasts.
Prices are rising at the fastest rate on record, and unions want to keep up. Policymakers worry that might make inflation worse.
The diverging recoveries underway in the United States and Europe underscore the value of effective vaccination and public spending in the pandemic.
As Americans buy more, they are expected to spur trade and investment and invigorate demand for German cars, Australian wine, Mexican auto parts and French fashions.
Mario Draghi has broad support as he tries to form a new government and restore Italy’s credibility and clout in Brussels. But Italian politics is a dangerous place for an enigmatic technocrat.
After a last-ditch attempt to revive Prime Minister Giuseppe Conte’s majority failed, Italy’s president summoned Mr. Draghi, the ex-head of the European Central Bank, to discuss leading Italy through the coronavirus emergency.
Trashing the nation on his way out the door.
Record quarterly growth inspires little joy as the threat of a double-dip recession looms.
As the coronavirus regains force, economists fear that Europe’s tentative recovery is at risk from traditional political concerns.
A rising currency is eroding the competitiveness of European exporters. Officially, the central bank isn’t allowed to do anything about it.
New measures by the European Central Bank and the German government to combat the economic damage caused by the pandemic have exceeded expectations.
After three months of chaos and deaths caused by the pandemic, the continent, led by Germany and France, is giving convergence another try.
The European Central Bank will pay banks to lend money after the economy shrank the most in decades. The worst is yet to come, the eurozone’s top central banker warned.
While world leaders are at last speaking out about the gravity of the pandemic, their voices are less a choir than a cacophony, with the United States absent from its traditional conductor role.