ECB Surprises With Big Rate Rise, Its First in 11 Years

Policymakers are trying to slow soaring inflation while avoiding a recession among the countries that use the euro.

#banking-and-financial-institutions, #economic-conditions-and-trends, #europe, #european-central-bank, #eurozone, #inflation-economics, #interest-rates, #lagarde-christine, #prices-fares-fees-and-rates

Euro Hits Parity With U.S. Dollar for First Time in 20 Years

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.

#banking-and-financial-institutions, #currency, #euro-currency, #european-central-bank, #eurozone, #federal-reserve-system, #inflation-economics, #lagarde-christine, #powell-jerome-h, #united-states-economy, #us-dollar-currency

Inflation Is Posing 19 Problems for One Central Bank

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.

#banking-and-financial-institutions, #economic-conditions-and-trends, #europe, #european-central-bank, #eurozone, #inflation-economics, #interest-rates, #lagarde-christine, #powell-jerome-h, #prices-fares-fees-and-rates, #sintra-portugal, #stimulus-economic

Eurozone Inflation Hits Highest Level Since Creation of the Euro

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.

#banking-and-financial-institutions, #economic-conditions-and-trends, #euro-currency, #europe, #european-central-bank, #eurozone, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates

Weakened Euro May Become Equal to the U.S. Dollar

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.

#currency, #economic-conditions-and-trends, #euro-currency, #europe, #european-central-bank, #eurozone, #interest-rates, #international-trade-and-world-market, #russian-invasion-of-ukraine-2022, #united-states, #us-dollar-currency

Europe’s Economy Slows to a Crawl as War and Inflation Take a Toll

The eurozone economy grew 0.2 percent in the first three months of the year, and growth in the European Union was just a touch higher.

#economic-conditions-and-trends, #europe, #eurozone, #gross-domestic-product

A Wider Cutoff of Russian Gas Would Hit Europe’s Economy

The euro slumped to a five-year low on worries about energy security and a slowdown in European growth.

#economic-conditions-and-trends, #embargoes-and-sanctions, #euro-currency, #europe, #european-union, #eurozone, #natural-gas, #recession-and-depression, #russian-invasion-of-ukraine-2022

Rapid Inflation, Lower Employment: How the U.S. Pandemic Response Measures Up

The United States spent more on its policy response than other advanced economies. Now economists are revisiting how that worked.

#american-rescue-plan-2021, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #economic-conditions-and-trends, #eurozone, #federal-reserve-system, #inflation-economics, #labor-and-jobs, #unemployment, #unemployment-insurance, #united-states-economy

Macron to Face Le Pen for President as French Gravitate Toward Extremes

President Emmanuel Macron and the hard-right leader Marine Le Pen will compete for a second time in a runoff on April 24.

#elections, #europe, #european-union, #eurozone, #france, #fringe-groups-and-movements, #immigration-and-emigration, #international-relations, #la-republique-en-marche, #le-pen-jean-marie, #le-pen-marine, #macron-emmanuel-1977, #muslims-and-islam, #national-front-france, #national-rally-france, #politics-and-government, #polls-and-public-opinion, #republicans-the-france, #right-wing-extremism-and-alt-right, #socialist-party-france, #zemmour-eric

Germany, and Europe, After Merkel

When Germans head to polls this weekend, they face an unusually difficult question: Who can replace Angela Merkel as a leader, for their country and for Europe?

#audio-neutral-informative, #eurozone, #germany, #merkel-angela, #politics-and-government, #scholz-olaf-1958

Europe’s Summer of Recovery Is More Fragile Than It Looks

An anticipated surge of tourism in Portugal is suddenly not at all certain — a symbol of the global economy’s continued struggle with pandemic uncertainty.

#coronavirus-2019-ncov, #coronavirus-reopenings, #economic-conditions-and-trends, #european-union, #eurozone, #international-trade-and-world-market, #labor-and-jobs, #politics-and-government, #recession-and-depression, #summer-season, #travel-and-vacations, #wages-and-salaries

Europe’s Recession Contrasts Economic Fortunes of U.S. Expansion

The diverging recoveries underway in the United States and Europe underscore the value of effective vaccination and public spending in the pandemic.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #european-central-bank, #european-union, #eurozone, #recession-and-depression, #stimulus-economic, #united-states-economy

How the Stimulus Could Power a Rebound in Other Countries

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.

#china, #clarida-richard-h-1957, #europe, #european-central-bank, #eurozone, #federal-reserve-system, #gross-domestic-product, #international-trade-and-world-market, #lane-philip-richard, #romer-christina-d, #stimulus-economic, #united-states, #united-states-economy

Mario Draghi Saved the Euro. Can He Now Save Italy?

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.

#bank-of-italy, #banking-and-financial-institutions, #conte-giuseppe, #credit-and-debt, #draghi-mario, #economic-conditions-and-trends, #economics-theory-and-philosophy, #euro-currency, #european-central-bank, #european-union, #eurozone, #italy, #legislatures-and-parliaments, #politics-and-government

Europe’s Slow Pace of Vaccinations Opens Door to Recession

A double-dip recession in the European Union appears likely after the trade bloc reported a decline in economic output in the last quarter of 2020.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #europe, #european-union, #eurozone, #gross-domestic-product, #recession-and-depression, #vaccination-and-immunization

Europe Risks a New Economic Downturn as Lockdowns Return

Record quarterly growth inspires little joy as the threat of a double-dip recession looms.

#coronavirus-2019-ncov, #daimler-ag, #economic-conditions-and-trends, #european-central-bank, #european-union, #eurozone, #gross-domestic-product, #ing-groep-nv, #international-monetary-fund, #korngold-erich-wolfgang, #lagarde-christine, #minder-raphael, #mkg-productions-inc, #quarantines, #recession-and-depression, #stimulus-economic, #theatre-royal-de-la-monnaie-brussels-belgium

Europe’s Economic Recovery Is a Summer Memory

As the coronavirus resumes spreading rapidly across the continent, hopes for an economic revival have given way to diminished expectations.

#coronavirus-2019-ncov, #credit-and-debt, #euro-currency, #europe, #eurozone, #france, #great-britain, #great-britain-withdrawal-from-eu-brexit, #italy, #labor-and-jobs, #layoffs-and-job-reductions, #politics-and-government, #recession-and-depression, #stimulus-economic, #wages-and-salaries

Surging Euro Presents E.C.B. With a Dilemma

A rising currency is eroding the competitiveness of European exporters. Officially, the central bank isn’t allowed to do anything about it.

#euro-currency, #europe, #european-central-bank, #eurozone, #interest-rates, #international-trade-and-world-market, #lagarde-christine, #stimulus-economic, #us-dollar-currency

Angela Merkel Guides the E.U. to a Stimulus Deal, However Imperfect

With her long experience as German chancellor, she shapes a necessary compromise on virus aid for the battered European south. But it’s consensus at a cost.

#budgets-and-budgeting, #coronavirus-2019-ncov, #european-union, #eurozone, #macron-emmanuel-1977, #merkel-angela, #orban-viktor, #politics-and-government, #rutte-mark, #stimulus-economic

It’s Merkel’s Last Rodeo. Will a Pandemic Rescue Deal Seal Her Legacy?

Angela Merkel has been the German chancellor for 15 years. Forging European consensus on a bitterly disputed recovery fund could burnish an uneven record.

#coronavirus-2019-ncov, #coronavirus-reopenings, #europe, #european-union, #eurozone, #international-relations, #politics-and-government, #stimulus-economic

‘Europe Finally Got the Message’: Leaders Act Together on Stimulus

New measures by the European Central Bank and the German government to combat the economic damage caused by the pandemic have exceeded expectations.

#coronavirus-2019-ncov, #european-central-bank, #european-commission, #european-union, #eurozone, #germany, #government-bonds, #lagarde-christine, #stimulus-economic

E.U. Is Facing Its Worst Recession Ever. Watch Out, World.

New forecasts predict a 7.4 percent economic collapse and risks of even worse decline if the reopening triggers a second virus wave.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #euro-currency, #europe, #european-union, #eurozone, #recession-and-depression

The European Union Is Facing Its Worst Recession Ever. Watch Out, World.

New forecasts predict a 7.4 percent economic collapse and risks of even worse decline if the reopening triggers a second virus wave.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #euro-currency, #europe, #european-union, #eurozone, #recession-and-depression

European Slump Is Worst Since World War II, Reports Show

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.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #europe, #european-central-bank, #eurozone, #germany, #interest-rates, #italy, #lagarde-christine, #politics-and-government, #spain