Rappler's latest stories on eurozone
EU sees eurozone economy crashing 8.7% in 2020
'The economic impact of the lockdown is more severe than we initially expected,' says European Commission Vice President Valdis Dombrovskis
ECB's Lagarde says 'we've probably passed lowest point' of economic crisis
'We probably have passed the lowest point. I say that with some trepidation because of course there could be a severe second wave,' says European Central Bank chief Christine Lagarde
Eurozone business decline slows as lockdown eases – PMI survey
'Output and demand are still falling, but no longer collapsing,' says Chris Williamson, chief business economist at IHS Markit
ECB ramps up eurozone support as pandemic persists
The European Central Bank announces 600 billion euros ($674 billion) more of emergency bond-buying and the scheme's extension until June 2021
ECB warns virus response could renew fears of euro breakup
The European Central Bank reiterates that more joint action at the European level could keep government debt sustainable for individual nations
Euro ministers back crisis credit, split on next steps
A plan to allot 240 billion euros ($260 billion) for credit lines gets approval from eurozone ministers
Europe's 'historic' recession threatens eurozone survival
The European Union estimates that the eurozone economy would shrink by 7.7% in 2020, a 'recession of historic proportions'
ECB stands firm after shock German ruling on bond buying
In a shock ruling, Germany's Constitutional Court gives the European Central Bank 3 months to clarify key elements of its support to the eurozone
European Central Bank ready to reload as 'unprecedented' slump hits
'The euro area is facing an economic contraction of a magnitude and speed that are unprecedented in peacetime,' says European Central Bank chief Christine Lagarde
Virus lockdown measures hammer EU economy in Q1 2020
The European Union suffers its sharpest quarter-on-quarter drop in gross domestic product since statistics agency Eurostat began compiling the figures in 1995
Eurozone economy suffers 'unprecedented' collapse
Analysis firm IHS Markit says the eurozone's service sector bore the brunt of the hit in April 2020, with hotels, restaurants, and travel-related firms faring the worst
Europe races to shield virus-hit firms from bargain hunters
European Union nations seek to bolster their defenses against hostile takeovers that could see key technologies and know-how being lost to countries like China and the United States
ECB eases bank risk capital requirements to calm markets
The European Central Bank says it is 'responding to the extraordinary levels of volatility recorded in financial markets since the outbreak of the coronavirus'
EU aims to bar 'predatory' takeovers of weakened firms
A statement from European Union trade ministers does not identify potential threats, but participants later make it clear China is the main source of concern
IMF says eurozone economy will crash in 2020
The International Monetary Fund expects the eurozone economy to crash by a staggering 7.5%, a free fall not seen since the 1930s Great Depression
Brussels eyes 1.5-trillion-euro virus recovery fund
The European Commission is 'working on new financing instruments' to fight the 'unprecedented' coronavirus pandemic
The EU's 500-billion-euro coronavirus emergency deal
Here's what European Union finance ministers agreed on during a crunch meeting on their economic response to the coronavirus pandemic
EU finance ministers agree on coronavirus rescue deal
The package agreed is worth about 500 billion euros ($546 billion), short of what many observers believe is necessary to restart the European economy when the health crisis recedes
EU rescue talks fail as Netherlands blocks virus compromise
Bickering European Union finance ministers are unable to bridge differences on how to rebuild their economies
ECB eases bank funding rules in 'unprecedented' step
This is the European Central Bank's latest move to keep cash flowing through the financial system as the coronavirus pandemic batters the global economy
EU inches towards economic virus plan after infighting
Here is a summary of the ideas being talked about ahead of a crunch meeting of European Union finance ministers on Tuesday, April 7
U.S., eurozone output to crash in Q2 2020 – Fitch
Fitch Ratings says it does not see US and EU gross domestic product returning to pre-coronavirus levels until late 2021
ECB asks banks to halt dividends over virus crisis
The European Central Bank urges banks to lend to households and businesses during the coronavirus pandemic
Italy papers slam 'Ugly Europe' over delayed economic plan
There is strong criticism in Italy as the European Union has yet to agree on a unified economic response to the coronavirus pandemic
Eurozone given 2 weeks to find economic response to virus
European countries have yet to agree on a unified way to cushion the economic impact of the coronavirus
Britain, eurozone face 2% recession in 2020 – S&P
S&P says a 2% recession for Britain and the eurozone would amount to a loss in real GDP of about 420 billion euros ($460 billion) in 2020
EU warns virus could expose firms to foreign buyouts
European Commission President Ursula von der Leyen says 'critical assets and technologies' must be protected
EU finance ministers split on coronavirus rescue plan
Italy, with the backing of France and Spain, wants a massive response from European Union partners. But northern countries, led by Germany and the Netherlands, are not in a hurry.
Coronavirus sparks 'unprecedented collapse' in eurozone economy
Figures show a slump in eurozone activity in March 2020 'far exceeding that seen even at the height of the global financial crisis'
EU ministers suspend budget rules to fight virus impact
The escape clause will allow European Union countries to spend without limit on medical equipment, enforcing containment measures, and expanding hospitals
ECB says banks now have extra 1.8 trillion euros to lend in virus fight
The European Central Bank eases rules to free up more funds that financial institutions can use for loans to households and corporate customers
ECB brings 750-billion-euro bazooka to virus fightback
The European Central Bank's Pandemic Emergency Purchase Program involves buying government and corporate bonds to keep liquidity flowing
ECB rushes to clear up Lagarde stumble on virus response
Christine Lagarde, president of the European Central Bank, comes under fire for the ECB's response to the novel coronavirus
Chiding governments, European Central Bank brings big guns to virus fight
The European Central Bank launches a flurry of measures to cushion the impact of the coronavirus, including increased bond purchases and cheap loans to banks
Out of ammo? European Central Bank on the spot in coronavirus fightback
Critics question how much more the European Central Bank can do to deal with the economic impact of the novel coronavirus
IMF cuts 2019, 2020 eurozone growth outlook as Germany lags
The International Monetary Fund says Germany, Europe's biggest economy, is laid low by a slumping auto market
Eurozone growth slows to 0.2% in Q2 2019
An economist says the weak data would strengthen the case of the European Central Bank to announce 'stimulus measures'
Mitsotakis becomes Greece's new PM on vow to end economic crisis
The 51-year-old Harvard graduate and former McKinsey consultant has pledged to create jobs and get rid of obstacles to business
Eurozone inflation falls sharply amid slowdown fears
The latest data puts consumer prices in the 19-nation single currency bloc even further from the European Central Bank's inflation goal of just below 2.0%
Eurozone 'not resilient enough' to weather another economic crisis – IMF chief
IMF Managing Director Christine Lagarde says the currency union 'is not resilient enough' to emerge unscathed from 'unexpected economic storms'
Transparency International slams 'mysterious' Eurogroup
'For an institution whose decisions have had an impact on the lives of millions of Europeans, there is much about the Eurogroup that is mysterious,' Transparency International says in its report
Eurozone equities falter as Italy enters recession
In Italy, official data shows it shrank 0.2% in the final quarter of last year after a 0.1% drop in the third quarter. The technical definition of a recession is economic contraction for two quarters in a row.
Greece seeks bailout, debt breakthroughs
IMF chief Christine Lagarde and the eurozone s 19 finance ministers meet in Luxembourg with hopes riding high that the talks will secure the release of the latest tranche of Greece s 86 billion euro 97 billion bailout agreed in 2015
Greece, creditors look to debt relief after provisional fiscal deal
3rd UPDATE Greece reaches a preliminary deal with its creditors that should pave the way for long awaited debt relief talks the Greek finance minister says
Vatican replaces image of Pope Francis on euro coins
The EU s official journal on January 24 has published pictures of the Vatican s new coins and they show that Pope Francis image has been replaced
Eurozone approves 2.8B euros in bailout funds for Greece
Following the latest disbursement approved by the European Stability Mechanism ESM Greece will have received 31 7 billion euros of the 86 billion euro bailout granted in July 2015
Greek MPs vote on reform package amid nationwide strikes
Greece s budget deficit has ballooned as it struggles to keep up with mammoth debt payments which the International Monetary Fund believes is unsustainable
Eurozone growth forecast cut as global risks, Brexit loom
The European Commission trims its 2016 forecast to 1 6 citing increased global risks
Italy, Japan urge G7 to spend for growth
Prime ministers Matteo Renzi and Shinzo Abe call for greater flexibility on budgetary policies ahead of the G7 Summit
Why is eurozone inflation so persistently low?
Here s how oil prices exchange rates wages and corporate investment affect inflation
