The euro - the EU single currency

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Latest news about the European Union's single currency.

Euro gains support from ECB comment - Euro Currency update — 26 August 2015, 11:08 CET The Euro was one of the winners from ‘Black Monday’ as the unwinding of carry trades sent the common currency higher across the board.

Cyprus church 'disposes assets' to pay EUR 100m loans — 21 August 2015, 12:59 CET The Church of Cyprus, heavily hit by the country's financial crisis two years ago, will dispose of assets to help pay off 100 million euros owed to banks, its head said on Friday.

Eurozone business activity strengthens in August: survey — 21 August 2015, 12:09 CET Eurozone business activity rose in August, the closely watched Markit survey said on Friday, on the back of solid growth in Germany and despite sluggishness in France.

Eurozone growth slows, outlook modest — 18 August 2015, 23:01 CET Growth in the eurozone slowed slightly in the second quarter but it appears to be holding up against the Greek debt crisis and the Chinese slowdown, official data showed Friday.

Fitch raises Greece rating after new bailout deal struck — 18 August 2015, 22:32 CET Fitch Ratings raised its credit grade for Greece by one notch to CCC Tuesday, saying the new bailout deal reached with EU institutions lowered the chance of a new default.

Greek government slightly eases capital controls — 18 August 2015, 20:17 CET The Greek government on Tuesday revealed it was easing slightly the capital controls imposed on the debt-hit country by allowing individuals to transfer 500 euros ($550) per month abroad.

Greece debt sustainability still 'major concern': Dijsselbloem — 14 August 2015, 15:12 CET Greece's huge debt mountain remains a "major point of concern" as eurozone finance ministers discuss whether to endorse a third bailout-for-reform deal, Eurogroup head Jeroen Dijsselbloem said Friday.

Bundesbank calls for independent watchdog on EU budgets — 14 August 2015, 12:07 CET The head of the German central bank, or Bundesbank, called Friday for an independent body to be set up to ensure eurozone countries abide by the bloc's budget rules.

ECB worried about economic slowdown in China, minutes show — 13 August 2015, 15:02 CET The European Central Bank acknowledged Thursday that its governing council is concerned about the economic slowdown in China, even if the impact appears to be fairly limited for now.

Eurozone finance ministers to meet Friday on Greek bailout deal — 12 August 2015, 17:57 CET Eurozone finance ministers will meet Friday to give their verdict on a third massive bailout deal for Greece, an official said Wednesday.

ECB leaves stopgap funding for Greek banks unchanged — 05 August 2015, 15:02 CET The European Central Bank decided Wednesday to leave its emergency credit lifeline for Greece unchanged for the next two weeks, said a source close to the matter who asked not to be identified.

Eurozone inflation, jobless rates unchanged — 02 August 2015, 10:55 CET Inflation in the 19-nation eurozone was unchanged in July while the jobless rate for June was also flat, suggesting the economy maintained only modest growth, official data showed Friday.

Greek PM defends Varoufakis over Grexit 'defence plan' — 31 July 2015, 15:09 CET Greek Prime Minister Alexis Tsipras on Friday defended his former finance minister Yanis Varoufakis

over a Grexit 'defence plan' that has led to lawsuits against the maverick economist.

Irish economy posts further strong growth — 30 July 2015, 15:15 CET Ireland's economy accelerated by 1.4 per cent in the first three months of this year and expanded by more than previously thought in 2014, official data showed on Thursday.

Santander bank reports profits surge on Britain, euro — 30 July 2015, 11:57 CET Europe's biggest bank by capitalisation, Santander of Spain, said Thursday quarterly profits surged 17.2 percent to 1.7 billion euros ($1.9 billion) on growth in markets including Britain and a weak euro.

ECB leaves emergency liquidity for Greece unchanged — 29 July 2015, 20:33 CET The European Central Bank decided Wednesday to leave its emergency credit lifeline for Greece unchanged, said a source close to the decision who asked not to be identified.

Secret 'parallel' money plan clouds start of Greek bailout talks — 27 July 2015, 22:38 CET The Greek government and its international creditors began work on a mammoth new bailout Monday overshadowed by revelations that Greece's ex-finance minister Yanis Varoufakis had been secretly planning for a parallel system of liquidity.

Varoufakis 'parallel' currency ploy sparks uproar in Greece — 27 July 2015, 16:03 CET Revelations by Greece's flamboyant former finance minister Yanis Varoufakis of secret plans for a parallel currency have sparked uproar in the country as the embattled leftist government on Monday began to rebuild tattered trust with its international creditors.

ECB board member Coeure says Greek debt needs restructuring — 27 July 2015, 15:06 CET ECB executive board member Benoit Coeure said Monday it is no longer a matter of debate that Greece will need its debt restructured and called for greater political integration of the eurozone.

Greece's headache: how to lift the capital controls? — 26 July 2015, 11:13 CET It is just the headache Greece's government does not need right now: how can it loosen the capital controls that are shielding its banks, but strangling the rest of the economy?

Capital controls: how Greece is protecting its banks — 26 July 2015, 11:12 CET Greece introduced a raft of capital controls on June 29 to stop a panicked outflow of cash from the country's banks, in a dramatic escalation of its financial crisis.

Greece loosens capital controls on foreign payments — 24 July 2015, 17:15 CET Greece on Friday partially relaxed the capital controls introduced nearly a month ago to protect the debt-crippled country from financial collapse, giving some much-needed relief to firms that do business abroad.

Eurozone July business activity holds up despite Greek crisis — 24 July 2015, 11:37 CET Eurozone private sector business activity slowed in July but was holding up much better than expected against a "rollercoaster" Greek debt crisis, a key survey showed on Friday.

Greece creditors 'satisfied' with new reform vote — 23 July 2015, 15:07 CET Greece's international creditors are satisfied with the Greek parliament's adoption Thursday of a second batch of reforms needed to unlock another bailout for the cash-strapped country, an EU official said.

ECB hikes emergency liquidity for Greek banks: report — 22 July 2015, 16:47 CET The European Central Bank on Wednesday boosted its cash lifeline for Greece's struggling banks by 900 million euros ($981 million), Bloomberg News reported.


Category: Bank

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