eurozone
Earlier in April, the European Parliament’s Committee on Economic and Monetary Affairs (the ECON Committee) was supposed to be voting on its report on the establishment of the digital euro. The Committee report is the first and most important step in shaping the position of the European Parliament on the digital euro, which will then be used to negotiate with the European Council and European Commission on the final text of the law. However, the vote mysteriously disappeared from the Committee’s agenda, and inside sources explained that nine months after the publication of the proposal by the ...
Euronews (English)
In March 2024, inflation in the euro area fell from 2.6% to 2.4%, as reported by Eurostat today, marking a four-month low and confirming preliminary data. The euro area comprises countries that use the euro as their national currency within the European Union. The main components contributing to inflation vary. In March, services saw the highest yearly increase, remaining at 4.0% compared to February. Following this, food, alcohol, and tobacco had a rate of 2.7%, down from 3.9% in the previous month. Non-energy industrial goods rose by 1.1%, a decrease from 1.6% in February, while energy price...
Euronews (English)
Washington (AFP) - European Central Bank president Christine Lagarde suggested Tuesday that the regulator could lower interest rates before a similar move by the US Federal Reserve, saying "we are not Fed-dependent." Speaking in Washington on the sidelines of spring meetings at the International Monetary Fund, Lagarde said Europe was seeing a "disinflationary process" -- with observers betting on the first rate cut to take place in June. "If we don't have a major shock in development, we are heading toward a moment where we have to moderate the restrictive monetary policy," Lagarde said, witho...
AFP
The HCOB Eurozone construction purchasing managers’ index (PMI) for March came out on Friday morning, clocking in at 42.4, according to S&P Global. This was a fall from February’s 42.9 and was mostly due to a significant fall in housing activity. A major reduction in new business, caused mainly by dampened demand, also resulted in more jobs being slashed, as well as some budget tightening. This was reflected in less subcontractors being used, as well as fewer raw and input materials being purchased. Civil and commercial engineering companies saw ongoing reductions in activity, with March comme...
Euronews (English)
One of the countries hardest hit by a fall in property prices was Luxembourg where house prices slumped 14.4%, following a 13.9% fall in the preceding three months. Within the eurozone, average house prices were down by 1.1% in the last three months of 2023 compared with the year before, according to the House Price Index, an indicator by Eurostat. House prices for the European Union as a whole showed a slight climb of 0.2% increase for the year. The results show that average prices are not dropping as much as before - the same index was down 2.2% and 1.1% in the eurozone and the EU respective...
Euronews (English)
Eurozone inflation fell more than economists had anticipated last month, further solidifying expectations of monetary policy easing by the European Central Bank in the upcoming months. In March 2024, the annual consumer price inflation rate in the Euro Area dropped from 2.6% to 2.4%, according to preliminary data from Eurostat released on Wednesday. This marked a four-month low and fell below expectations of a stable reading. Notably, services had the highest annual rate in March (4.0%, unchanged from February), followed by food, alcohol & tobacco (2.7%, down from 3.9% in February), non-energy...
Euronews (English)
Lorsque l'Europe votera pour un nouveau Parlement, en juin, le résultat influencera indirectement la nomination d'un nouveau président de la Commission. Après cinq ans de mandat, l'Allemande, Ursula von der Leyen, se lance à nouveau dans la course, dans l'espoir de conserver son titre de chef de l'exécutif de l'UE. Compte tenu du contexte plus large de son mandat, Ursula von der Leyen termine cette étape avec un héritage important. Rarement un président de la Commission n'a relevé une telle série de défis, notamment la pandémie de COVID-19, l'invasion de l'Ukraine par la Russie et la flambée i...
Euronews (French)
When Europe votes for a new Parliament in June, the outcome will indirectly influence the appointment of a new Commission President. After five years in the role, German politician Ursula von der Leyen is once again putting her hat in the ring, hoping to hold on to her title as head of the EU's executive arm. Given the wider context of her term, von der Leyen is finishing this leg with a significant legacy. Rarely has a Commission chief weathered such a series of challenges, notably the COVID-19 pandemic, Russia's invasion of Ukraine, and the inflationary spike these two events triggered. Whil...
Euronews (English)
Vingt pays de l'Union européenne utilisent l'euro comme monnaie officielle et, chaque année, certains d'entre eux émettent des pièces commémoratives. La France, l'Allemagne, la Belgique et l'Espagne ont récemment mis de nouveaux motifs en circulation. FranceLe 6 mars dernier, la Monnaie de Paris a révélé les motifs des nouvelles pièces de 10, 20 et 50 centimes, qui seront mises en circulation progressivement d'ici cet été. Celles-ci représentent respectivement Simone Veil, Joséphine Baker et Marie Curie. A travers ces motifs, conçus par le graveur général de la Monnaie de Paris, Joaquin Jimene...
Euronews (French)
Twenty countries in the European Union use the euro as their official currency and, each year, some of these nations may issue commemorative coins. Germany, Belgium, and Spain have recently released new designs. Here's the story behind their choices. GermanyGermany has already released two commemorative coins this year. One is in tribute to the northern German state of Mecklenburg-West Pomerania and depicts a scene from its Jasmund National Park. The design was created by artist Michael Otto and showcases the park's iconic chalk cliffs and beech forests. We can also see a walker ambling along ...
Euronews (English)
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