EURO Economy

By My Trading Buddy | News & Stories affecting the Eurozone Economy and those that are trading and Investing in Euro Assets including, Stocks, Bonds, Futures and Forex

Euro zone economy - real recovery or another Sirens' song?

| LONDON<p>Over the years, euro zone economic growth has been a bit like the Sirens in Homer's Odyssey: singing a song of promise, only to end up pulling you onto the rocks. Will it be different this time?<p>The strong growth registered in numerous data releases and surveys at the beginning of this year …

Economics

GREECE IN PANIC: Citizens withdraw £2.1bn from banks in 45 DAYS amid default fears

And they are stashing the cash under their mattreses, in safes and in furniture amid a new run on the banks, it has been claimed.<p>Greece faces running …

Greece

Europe must not cave in to US spending demands on NATO, says EU's Jean-Claude Juncker

European Commission President Jean-Claude Juncker said on Thursday that Europe must not cave in to US demands to raise military spending, arguing that development and humanitarian aid could also count as security.<p>US president Donald Trump has raised questions about his commitment to the NATO …

NATO

France’s Le Pen Announces Presidential Campaign: What Does it Mean for Financial Markets? - Markets Analysis

Earlier this month, far-right leader Marine Le Pen officially launched her presidential campaign in France with a pledge that if elected she would …

European Union

Germany wants Greece in euro zone, IMF says no special deals

| BRUSSELS/BERLIN<p>Germany on Monday voiced support for Greece to stay in the euro zone and the European Commission dispatched a senior official to Athens to persuade it to take on further reforms to salvage its bailout accord.<p>International Monetary Fund chief Christine Lagarde, meanwhile, remained …

Greece

Germany's Global Trade Surplus Hits Record

FRANKFURT—Germany’s exports exceeded its imports by the widest yearly margin on record last year, a sign of the strength of Europe’s biggest economy that could inflame tensions between Washington and Berlin over their trade relations.<p>Germany’s trade surplus—or the balance of exports and imports of …

Economics

The head of the European Central Bank slammed Trump's efforts to slash Wall Street regulation

By Balazs Koranyi and Francesco Canepa<p>FRANKFURT (Reuters) - The European Central Bank rejected U.S. accusations of currency manipulation on Monday and warned that deregulating the banking industry, now being openly discussed in Washington, could sow the seeds of the next financial crisis.<p>Arguing …

Economics

Benefits of leaving the euro are a mirage: Draghi

FRANKFURT (Reuters) - Ditching the euro would not benefit any country in the currency bloc, and governments mostly have themselves to blame for their economic problems, European Central Bank President Mario Draghi said on Thursday.<p>Euroskepticism has gained ground in the region as its political …

Eurozone inflation surges to highest rate in almost four years

Eurozone inflation surged to a near four-year high in January, in a jump that is likely to intensify the debate surrounding the European Central Bank's bond buying programme.<p>Annual consumer prices inflation rose to 1.8pc in January amid a jump in food and energy costs, up from 1.1pc in December, …

Economics

Eurozone inflation jumps in January

<b>Eurozone inflation hit a near four-year high in January following an increase in energy prices.</b><p>Inflation in the 19-country bloc jumped to 1.8% last month from 1.1% the month before.<p>Data from Eurostat also showed that the eurozone's unemployment rate fell to 9.6% in December, the lowest rate since …

Economics

From north to south, euro zone economy steams into 2017

| LONDON<p>The euro zone economy has kicked off the year robustly, data from the Baltic to the Mediterranean showed on Monday, evidence for the European Central Bank that its massive cash stimulus is working but also posing questions about what comes next.<p>There are risks ahead - some economic, some …

Economics

Goldman: Europe’s Stocks to Return Double U.S. Equities in 2017 - Bloomberg

European equities will catch up to their U.S. peers once the uncertainty surrounding near-term elections is lifted, according to Goldman Sachs Group …

Wall Street

Euro zone bailout fund - Greek public debt is manageable

BRUSSELS (Reuters) - Greece's public debt can be manageable, the euro zone bailout fund said on Sunday, responding to a leaked report by the International Monetary Fund that the country's debt will explode to 275 percent of GDP by 2060.<p>A spokesman for the bailout fund, the European Stability …

Greece

Adidas CEO very concerned about Europe's political failure: Welt

BERLIN (Reuters) - Adidas <ADSGn.DE> Chief Executive Kasper Rorsted is very worried about the effects of Europe's failure to solve its problems, German newspaper Die Welt reported.<p>European Union leaders are grappling with the challenges of migration, a lingering euro crisis, the rise of right-wing …

Europe

Draghi Makes It Clear

The euro has been on a rather strong uptrend in the month of January, increasing close to 3% against the U.S. dollar.<p>Revealed last week was the fact …

Euro

China eyes stabilising role in call with Germany's Merkel

Chinese Premier Li Keqiang has called for China and Germany to play a leading role to ensure the stability of international markets amid an uncertain climate, the official Xinhua news agency said late on Wednesday.<p>During a call with German Chancellor Angela Merkel, Li said "international political …

China

The Crisis of the Middle Class: Davos Panel

IMF Managing Director Christine Lagarde, Italian Economy and Finance Minister Pier Carlo Padoan, Harvard University President Emeritus Larry Summers, …

Economics

REPORT: Brexit will move Europe's financial heart from London to Frankfurt

LONDON - Germany's financial centre, Frankfurt, is set to grab a huge chunk of the City of London's business post-Brexit, aided by themerger between the London Stock Exchange and Deutsche Boerse.<p>According to a research paper commissioned by Deutsche Boerse, and published by Professor Dirk Schiereck …

Banking

Italy will be the next big problem in Europe

As a new year begins, we look at a key forecast that will bridge 2016 and 2017: the Italian banking crisis. In Geopolitical Futures’ 2016 forecast, we said that the focal point of Europe’s financial crisis would shift from Greece to the Italian banking system. For 2017, we forecast that the …

Banking

Eurozone inflation unexpectedly rises to 1.1% - Markets Analysis

Inflation levels for Eurozone increased to a three year high. The December Consumer Price Index (CPI) surged to 1.1% over the period of twelve months …

How Greece’s Troubled Economy Could Turn Around in 2017

Violating the terms of its bailout program, the Greek government recently announced that it will distribute a sizeable “Christmas gift” to Greek …

Greece

The boss of one of the world's biggest firms says Europe has an even bigger problem than Brexit

The rise of populism in Europe is a far greater threat to the continent’s stability than Britain’s decision to leave the EU, the global chairman of …

Opinion: Turbulent election year ahead for Germany

You want a forecast for the election year 2017 in Germany? Forget it! Actually, you should probably consult your crystal ball. Or you can read this article by Kay-Alexander Scholz.<p>Over the past few years, Germans have learned that domestic and foreign policy are more intertwined than ever before. …

Draghi Set for Inflation Boost That May Not Be All He Needs - Bloomberg

Mario Draghi is set to get a bigger taste of inflation, just not in his preferred flavor.<p>Rising oil prices and a weaker euro mean that projections …

Economics

Mario Draghi and his ‘taper’ tantrum - Markets Analysis

In the wake of the ECB and Draghi keeping EU rates on hold, the real rhetoric revolves around the European Central Bank expanding its …

Italian Referendum Fallout - What Next For Italy - Markets Analysis

Recently, Italy held a referendum on whether or not constitutional amendments should be made. The vote resulted in a victory for the “No” camp, …

Why 2017 Could See the Collapse of the Euro

Europe has not been doing well. Just this year, GDP per capita for the Eurozone as a whole finally returned to pre-crisis levels. It is claiming …

Economics