Its sheer size and significance to
the eurozone remains a concern to the European Union, which has demanded greater fiscal discipline and reforms to encourage growth and improve productivity.
Inflation across the 19 - country
eurozone remains stubbornly low even though the economic recovery across the single currency bloc appears to be gaining more and more momentum.
Growth outlook in
the eurozone remains broadly balanced with chances of better than expected economic growth, while downside risks are largely associated with global factors, including the forex (foreign exchange) markets.
Economic news from
the eurozone remained broadly positive.
Regional economic data in
the eurozone remained positive, indicating robust growth underpinned by solid domestic consumption and export demand.
Economic indicators for
the eurozone remained generally positive, with some suggesting the region's recovery is broadening.
During August and into September, data from
the eurozone remained upbeat, with an already solid second - quarter performance revised even higher, pushing year - on - year growth to 2.3 %, the quickest pace since the region's debt crisis of 2011 — 2012.
Not exact matches
Despite the recent softness in data — the Citi economic surprise index for the
eurozone is now at its lowest since June 2012 — markets
remain stubbornly bullish on the euro with overall bets still near record highs as longer - term expectations
remain optimistic.
Yields on Greek debt soared and, since 2009, Greece has relied on on the largesse of the rest of the
Eurozone, most notably financially conscientious Germany, to
remain solvent.
The Commission forecast that
eurozone inflation this year would
remain unchanged at 1.5 percent, rising only to 1.6 percent next year.
The clearest risk is the prospect of
remaining in the EU, locked to a doomed
Eurozone.
Varoufakis, the academic - turned - politician who has riled his
eurozone counterparts, said he would not
remain finance minister on Monday if Greece voted yes.
Schulz said: «New elections would be necessary if the Greek people vote for the reform programme and thus for
remaining in the
eurozone and Tsipras, as a logical consequence, resigns.»
World growth will
remain low on average but negative in the UK and Europe; price inflation will
remain sufficiently subdued for a while longer so as to impose no constraint on monetary expansion; central banks will sustain a regime of negative real interest rates and rapid monetary expansion; the risk of a
eurozone collapse is off the table for now; finally, stock markets should continue to perform better than expected, even though the four - year old cyclical bull market is long by historical standards.
Anticipating critics who might say that the European Central Bank is not in full control of the
eurozone's monetary policy if it shares the risk of its program, Mr. Draghi said, «The singleness of monetary policy
remains in place.»
PRIME MINISTER GEORGE PAPANDREOU: The essence is that it is — this is not a question only of a program; this is a question of whether we want to
remain in the
eurozone.
However, other countries already have complained that voting control
remains dominated by the major promoters of arbitrage speculation — the United States, Britain and the
eurozone.
Greece delivered a landslide no vote to the
eurozone's terms for the country
remaining in the single currency on Sunday night, unleashing a seismic political shift that could derail the European project.
We've yet to discover whether Greece can
remain in the
eurozone, or even in the EU
Eurozone retail sales
remained much lower than they were one year previously in May.
Looking to the fundamentals that drive gold, we think fears over the
Eurozone crisis will continue to subside (despite the longer term underlying problems
remaining unresolved).
The
Eurozone: Analysts
remain convinced that based on the real rate differentials, the euro is significantly overvalued.
The
Eurozone retail sector
remained firmly in contraction in May, according to PMI ® data from Markit.
Official figures from Eurostat show that the fall in the
eurozone unemployment rate has been painfully slow — declining to 11.1 % in April from 11.7 % a year earlier — and
remains much higher in countries like Greece and Spain.
Not only were the second - quarter GDP figures somewhat disappointing, but inflation has
remained quite low even though the
eurozone pulled its way out of a short period of deflation seen at the beginning of this year.
The post ECB Monthly Bulletin: Risks surrounding
Eurozone economic growth
remain broadly balanced appeared first on Forex news forex trade.
Second, while growth has been disappointing in both developed and emerging markets, financial markets
remain hopeful that better economic data will emerge in the second half of 2013 and 2014, especially in the US and Japan, with the UK and the
eurozone bottoming out and most emerging markets returning to form.
But
eurozone companies are likely to
remain affordably priced acquisition targets for non-European corporations for at least the next 18 months.
Consumer price inflation has
remained a concern both in the
eurozone and the United Kingdom.
The conditions have fueled a rally in Portugal's sovereign bonds so far this year, although they
remain the second - highest yielding bonds in the
eurozone, behind those of Greece.
In Greece, leadership presented a plan to
remain in the
Eurozone that was met without enthusiasm.
In the short - term, however, we think low inflation trends in the
eurozone mean the ECB is likely to
remain accommodative for quite some time.
And for Greece's own wealthier classes, the EU loan package would enable the country to
remain within the
Eurozone long enough to permit them to move their money out of the country before the point arrived at which Greece would be forced to replace the euro with the drachma and devalue it.
Greek bailout lenders at loggerheads The International Monetary Fund and
eurozone finance ministers
remain at odds over the direction of the Greek bailout process.
US monetary policy
remains a threat to the
Eurozone with a Federal Reserve rate hike expected for later in the year.
Santander continues to deal with challenges from the
eurozone debt crisis, but it
remained in the black despite a 58.8 % year - on - year drop in net attributable profit in 2012.
Growth in most of the
eurozone has
remained tepid and reliant on continued central bank stimulus, though the European Central Bank's (ECB's) bond - purchasing program has been hampered by a scarcity of eligible bonds, as issuance from member governments is restricted by their austerity - driven policies.
Weaker
eurozone economic data, combined with the not - as - dovish interpretation of the FOMC [US Federal Open Market Committee] statement mean the dollar could continue to
remain «bid» (there are more buyers than sellers) in the very short term.»
Economic growth in Alberta
remains positive, even when one accounts for every conceivable indirect outside force on the price of Canadian oil, no matter how tenuous the connection is: potential new Iranian supply, single - industry OPEC nations being forced to reduce output, Greece leaving the
Eurozone, Donald Trump surging in the polls, Tom Brady facing suspension, etc..
Our base - case scenario for the end of 2015 sees the
eurozone economy
remaining more or less where it is now, not really growing much or shrinking much either.
Greece represents less than 2 % of
eurozone gross domestic product, 3 and Greek assets have largely been divested from
eurozone bank balance sheets, further suggesting that any potential impairment to the wider region could
remain limited.
In development cooperation, an area of «shared» competences between the EU institutions and the member states, it has
remained unexplored how economic recession, the sovereign debt crisis, austerity, the struggle in the
eurozone and increasing Euroscepticism have affected the relationship between the EU and its member states.
The Construction Products Association's latest State of Trade Survey, which has been launched today, shows that although a
Eurozone crisis appears to have been averted for the time being, the prospect of an economic slowdown in the major European economies, together with increasing global energy and raw material prices,
remain as the major threats to further recovery in the UK construction products industry.
The political relationship between these two giant economies
remains cool, while the economic one has been stress - tested by the post-2008
Eurozone crisis.
The IMF is warning of a «lost decade», EU leaders are contemplating a two - tier
eurozone and markets
remain deeply concerned by Italy and Greece's ability to finance their debt.
Thus, even without a catastrophic disintegration, it is likely that the UK's relationship with both the
eurozone and European law will
remain negotiable.
He confronted «fears about the immediate future» amid the ongoing
eurozone crisis and Britain's stagnant economy, which is expected to
remain broadly flat until at least the beginning of next year.
«The huge uncertainty is the
Eurozone, and a worsening of the region's debt crisis
remains the single biggest threat to the UK economy.
He warned that it would be impossible to predict what might happen to the
eurozone but insisted in the meantime that the institution
remains «modern, effective, efficient and legitimate».
But the British people know, given the history of the EU, as well as uncertainty about precisely what an integrating
Eurozone might involve, that it
remains possible and they need a guarantee.