Eurozone

    • ECB keeps Eurozone stimulus after 31 March 2022

      ECB keeps Eurozone stimulus after 31 March 2022

      The European Central Bank announced it might extend stimulus measures related to the recovery of the Eurozone beyond the initially earmarked deadline of 31 March 2022, Reuters reported. Eurozone is at a turning point and it is too early to state that the economic recovery from the Covid-19 downturn is sustainable, ECB President Christine Lagarde said.

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    • ECB: Europe needs new budget rules

      ECB: Europe needs new budget rules

      Europe will need to adjust its budget rules in order to facilitate the continuing excessive government spendings for the coming years but at the same time to keep monetary policy constrained, European Central Bank policymaker Klaas Knot said, quoted by Reuters.

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    • ECB keeps stimulus as EU reopens

      ECB keeps stimulus as EU reopens

      The European Central Bank earmarked it would keep its supportive tools in operation although EU economy has shown solid evidence for restart, AP reported. The fiscal supportive measures were intended to end as long as Covid-19 pandemic triggered an economic slowdown. At this point ECB will have to choose the right moment to withdraw from the market as a premature reaction is likely to do more harm than good.

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    • Eurozone industry posts robust growth

      Eurozone industry posts robust growth

      The manufacturing activity of the Eurozone scored a record growth in May, but still the increase was capped by the rising production costs linked to higher value of input materials, Reuters reported. Analysts confirmed that the industry of the Eurozone would have performed much better without the bottleneck of the raw materials supply.

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    • Eurozone business growth surges to 3-year high

      Eurozone business growth surges to 3-year high

      The Eurozone had posted a rapid business growth in May on the back of reopening of economies from pandemic lock downs and robust rise of the service sector, Reuters reported. The service sector has followed the increased activity in the manufacturing sector. With vaccination roll-out gaining speed the restart of economic activities is already possible. The latter is coupled by lifting most of the Covid-19 restrictions.

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    • ECB leaves rates unchanged, vows more bonds purchases

      ECB leaves rates unchanged, vows more bonds purchases

      The European Central bank decided to leave unchanged its interest rates at zero levels and earmarked intentions to continue buying bonds to ease the pressure caused by pandemic, ECB said in a statement. “The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively.

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    • Eurozone economy rebounds amid rapid growth pace

      Eurozone economy rebounds amid rapid growth pace

      The economic activity of the Еurozone has recovered at a faster than expected pace in March, Reuters reported. Official data showed that production orders spiked at its fastest speed for the last 23 years. The growth rate has offset the influence of on-going lockdowns in most European states affected the bloc’s leading service sector.

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    • EU strategic autonomy requires a strong euro

      EU strategic autonomy requires a strong euro

      The EU’s recent proposals to strengthen its economic sovereignty and the international role of the euro are a step in the right direction but must be followed up by concerted action from member states to expand the eurozone economy as a whole, and its trading reach. Without greater international use of the euro, the Union’s strategic autonomy will be considerably limited.

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