Sentences with phrase «of euro countries»

Not exact matches

Finance ministers from the 19 countries of the euro also will meet with the goal of settling the matter before Greece runs out of money next week.

Enhanced supervision of the euro area countries» budget process by the EU Commission is part of the sovereignty transfer required by the fiscal compact — the founding document of the future fiscal union - agreed in late 2011.

More to the point, Dutch Prime Minister Mark Rutte spoke last Friday in the name of seven other countries — forcefully rejecting the French ideas of a euro zone finance minister and a heavy and expensive institutional buildup.

Moscovici made much of the fact that for the first time since the euro was born in 1999, no country in 2018 will have a budget deficit over 3 percent of annual GDP — a key limit that governs the single currency and which has been flouted by many countries.

The Italian crisis — the country's powerful political leader, the comedian Beppe Grillo, would probably call it «commedia dell «arte» — offers plenty of interesting trading opportunities as long as you don't fall for the incongruous idea that this is the end of the euro area.

The principles of further steps toward euro area's economic and political integration will be spelled out in a joint French - German document the countries» leaders are scheduled to announce next June.

Its European creditors decided on Wednesday to suspend the implementation of short - term debt relief measures after the Greek government announced additional spending on pensions - an action that European partners deemed as «unilateral» and disrespecting the efforts agreed under the country's 86 billion euro ($ 89.75 billion) bailout program.

Sandberg's visit to Germany comes after the country's parliament passed a law in June to introduce fines of up to 50 million euros ($ 59 million) for social media networks if they fail to remove hateful postings promptly.

In view of this, it is puzzling that these countries complained about «currency wars,» alleging that the «monetary tsunami» unleashed by the U.S. and the euro area was threatening their competitive positions by pulling up their currencies, when, in fact, the real and the rupeewere falling against the dollar and the euro.

LSE boss Rolet also cited an EY study to MPs which projected 232,000 jobs could be lost from the U.K. if euro - denominated clearing is forced out of the country.

But the mechanics of the euro guarantee escalating tension: The single currency makes the exports of weaker countries artificially expensive (and those of Germany excessively cheap), putting their economies at a crippling disadvantage.

In checks on the financial strength of the country's four main banks - National Bank of Greece, Piraeus, Alpha Bank and Eurobank - the ECB determined that even if the economy performs as forecast, the banks would need almost 4.4 billion euros ($ 4.8 billion) and more than 14 billion if it performs worse than expected, in a so - called «adverse scenario».

In effect, these countries filed false prospectuses; they fluffed up their assets, disguised the liabilities in their pension and benefit schemes, and managed to adopt the euro at a rate of exchange that exaggerated the value of their currencies.

«I've heard stories of companies hedging their bets with some of the eurozone economies,» Langrish says, explaining that some have set up accounts to pay their employees in euros should their home country exit the eurozone and reintroduce its old currency.

Another powerful motive for many in the southern countries, Greece, Italy, Spain, Portugal, countries that had never in their very long histories had a hard currency, was to exploit the desire of the Germans, and the permanent EU civil service, for a larger, closer Europe, by signing into the euro, acquiring for the first time a hard currency, that they confidently expected Germany to finance.

In addition, Spain's rating — as well as the ratings of other euro area countries — could be adversely affected if the risk of a Greek exit from the euro area were to rise further.

The yield on Greece's three - year bond, which has surged from 4 % to 13.5 % since October, is now reflecting serious expectations that the country may end up outside of the Eurozone and unable to repay its euro - denominated debts.

FRANKFURT / BERLIN, Feb 19 - A court will decide on Thursday whether German cities can ban heavily polluting cars, potentially wiping hundreds of millions of euros off the value of diesel cars on the country's roads.

Germans and Austrians are the biggest users of cash among countries in the euro zone's richer «core», according to a recent study by the European Central Bank (ECB).

Delivery Hero says it is market leader in 35 of the more than 40 countries it operates in Europe, the Middle East, North Africa, Latin America, and Asia Pacific, and the total market it has access to is worth 72 billion euros.

A government plan to push for an upper limit of 5,000 euros to cash payments was met with fierce resistance two years ago, including by the country's own central bank.

The country of 2 million became the 18th member of the euro area in January 2014.

Suleiman Kerimov, who faces money - laundering charges in France for allegedly bringing hundreds of millions of euros into the country without reporting the money to tax authorities.

Since then, French ministers and EU officials since have repeatedly suggested that clearing of euro - denominated trades should move from London to a eurozone member country post-Brexit.

The latest flash estimates for gross domestic product (GDP) in the second quarter of 2015 show that the economy expanded 0.3 percent in the 19 - country euro zone, and by 0.4 percent in the 28 - member European Union, from the previous quarter.

The European Commission, which negotiates on behalf of the other European countries, has said that the U.K. will have to pay about 60 billion euros before leaving the EU.

In 2017, 403 Ikea stores in 49 countries received 936 million visitors, and the chain generated sales of 38.3 billion euros ($ 47.6 billion).

On 7/14, the Central Bank of Italy reported that Italian public debt has risen upwards of 2.2 trillion euros in May, a new record for the Eurozone's second-most indebted country after Greece.

Italian bonds have proved resilient in the last couple of months, supported by stronger euro zone growth as well as less Euroskeptic sentiment in the country.

The 7/22 FT reported: «Across countries that use the euro, average debt to gross domestic product reached 92.9 per cent in the first quarter of 2015, up from 92 per cent in the previous quarter and 91.9 per cent in the same period last year, according to figures from Eurostat, the EU's statistical agency.»

All of this is good for the economies of the euro - area countries.

Not so long ago — perhaps a decade or so — I believed that the interests of Britain would be best served if the country was a full - fledged member not only of the EU but of the euro zone.

It is the rare combination of a simultaneous impact of hugely restrictive fiscal policies, gravely damaged channels of financial intermediation and crippling trade imbalances in especially depressed segments of the world economy - the euro area - where there is an obvious need for a strong stimulation of domestic demand in countries of that region whose trade surpluses range from 2 percent to nearly 9 percent of gross domestic product (GDP).

Importantly, the ECB didn't cut off the country entirely, a decision that should be seen as a glimmer of hope that European authorities haven't given up on keeping Greece in the euro zone.

Uncertainty in emerging countries has the potential to further weigh on demand for euro area exports, with emerging markets worth 25 % of exports.

Prospects in high - income countries outside the euro zone and in emerging markets have dimmed, José Viñals, the head of the fund's monetary and capital markets department, said in prepared remarks.

The Greek crisis rumbled on Friday, as euro zone finance ministers arrived in Brussels for yet another round of discussions on the country's debt problems.

Germany is reluctant to proceed rapidly on either since it would mean that Germany would have to absorb the financial and sovereign risk of the weaker EURO countries.

If parliament gives its nod, Greek voters will be asked to rule on two complex draft documents that detail a proposal by the country's creditors to unlock aid of as much as 15.5 billion euros for Greece in return for sales - tax increases and pension reforms.

BERLIN — Throughout the month, countries caught in the eye of the European financial storm, including Italy, Spain and France, have repeatedly defied expectations, selling big batches of bonds to the public at interest rates significantly lower than investors demanded at the height of the euro crisis late last year.

The debt deal, which came on Friday after about 19 similar summits since the start of the debt crisis (with few results), called for countries that use the euro to allows two European bailout funds to aid European banks directly, rather than make loans to governments to bail out the banks.

All the major countries had reduced interest rates to unprecedented levels in the early part of this decade — 0 per cent in Japan, 1 per cent in the United States and 2 per cent in the euro area — and they maintained this position for a prolonged period.

Under the burden of the financial collapse and the imposition of severe austerity on certain EURO countries the EURO area has never recovered and is not expected to in the near term.

The deficit target for the EURO countries is 3 per cent of GDP and the debt - to - GDP target is 60 per cent of GDP.

As a percentage of GDP, more than half of the outstanding sovereign bonds in the developed world originated from countries or regions where negative interest rate policies are in place, primarily representing bonds from the euro zone and Japan.

And that, in turn, could undermine confidence in the banks of other troubled euro zone countries.

While Germany has managed to stay ahead of the rest, the other countries are less competitive as a result of the «retrenchment» the euro zone is currently experiencing.

As the news service notes, Group of Eight leaders on May 19 urged Greece to stay within the euro area as polls in the country showed a close race between parties supporting and opposing the European Union's bailout deal.

The cumulative national debt of these countries may as well be denominated in barrels of oil instead of euros, because millions of barrels of oil is what will be needed to get those economies growing again.

The European Central Bank will coordinate the buying, Mr. Draghi said, but will delegate some of it to the central banks of the various euro zone countries.