Sentences with phrase «of euro area»

In any case, the CJEU continued by emphasising that stability support is only granted subject to strict conditionality and when such support «is indispensable to safeguard the financial stability of the euro area as a whole».

As stated above, Article 1 of the Fiscal Compact declares for the treaty to aim at «improv [ing] the governance of the euro area thereby supporting the achievement of the European Union's objectives for sustainable growth, employment, competitiveness and social cohesion».

«The external representation of the euro area is something that merits being addressed more closely.

«-LSB-... t] he objective pursued by [the ESM], which is to safeguard the stability of the euro area as a whole, that is clearly distinct from the objective of maintaining price stability, which is the primary objective of the Union's monetary policy.

Even though the stability of the euro area may have repercussions on the stability of the currency used within that area, an economic policy measure can not be treated as equivalent to a monetary policy measure for the sole reason that it may have indirect effects on the stability of the euro.»

The Court held that objective of the stability mechanism, namely to «safeguard the stability of the euro area as a whole», is «clearly distinct» from the objective of monetary policy, that is, to maintain «price stability».

The ESM Treaty is a treaty under public international law concluded by the members of the eurozone to create a permanent crisis mechanism to safeguard the stability of the euro area.

«may establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro area as a whole.

«Any revision of the treaty is for deeper integration of the euro area but also for a stronger European Union,» Commission President Jose Manuel Barroso told the European Parliament on Wednesday, a bid to keep the process inclusive of all 27 countries in the EU, not just the 17 in the euro zone.

Varoufakis sought to squeeze aid from the rest of the euro area accepting the full slate of EU demands, a gambit rejected by the group's leader, Jeroen Dijsselbloem.

Household consumption was subdued in much of the euro area in the December quarter, though it picked up in France.

Data from other parts of the world, with the exception of the euro area, also point to increased momentum in recent months.

-LRB-...) For all the talk about «Euroboom», about one quarter of euro area GDP growth in 2017 was driven by net trade.

Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in June (3.2 %, stable compared with May), followed by energy (1.6 % compared with -0.2 % in May), services (1.4 % compared with 1.5 % in May) and non-energy industrial goods (0.7 % compared with 0.8 % in May).

For all the talk about «Euroboom», about one quarter of euro area GDP growth in 2017 was driven by net trade.

The balance sheet could thus increase by around $ 1 trillion - equivalent to 50 % of its current size or around 10 % of euro area GDP (as of mid-2014).

How will the government respond in the budget to the uncertainty created by the short - and long - term fiscal crisis in the U.S., the on - going uncertainty over the recession in the EU and the continuing uncertainty over the future of the EURO area?

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

Given the experience with private - sector involvement (PSI) in Greece and the intentions expressed by euro area officials around the development of the ESM, Moody's believes that the debts of euro area sovereigns that are fully dependent upon official sources to fund their borrowing requirements represent speculative - grade risk.

Valdis Dombrovskis, vice-president of the European Commission, said that the EU should not wait for another crisis to deepen economic and monetary policies to strengthen the resilience of the euro area.

And, above all, the Germans don't want to come anywhere near the common financing of euro area's debts and deficits.

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.

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.

That, of course, is the ultimate goal of the euro area, but irrevocable intermediate steps in that direction will lead to jointly determined fiscal policies and conditional financial transfers.

Not exact matches

«And secondly, the euro area economy proved resilient to political (and other) shocks in the last couple of years and should remain so,» the bank added.

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.

In addition to that, the euro area has (a) worsening problems of political instability (Italy without government, unfolding corruption scandals in recession - hit Spain and France), (b) dysfunctional banking systems (weak banks and their impaired lending activities despite ample liquidity supplied by the ECB) and (c) lingering uncertainties about the financial system's credibility (problems with depositor and investor protection).

That agreement also upheld earlier limits to euro area budget deficits (3 percent of GDP) and public debt (60 percent of GDP).

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.

In particular, the Euro Stoxx Banks Index jumped 0.9 percent, which meant that euro area banks have managed to recover the losses suffered in the global sell - off seen at end of 2015.

In terms of data, the euro area reported a decrease in consumer sentiment in February from the previous month.

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.

«At close to 50 percent, Greece has the highest ratio of non-performing loans in the euro area.

The economy has registered one of the strongest performances in the euro area in the last few years — after the troubles seen during the sovereign debt crisis.

LONDON, April 30 - Government bond yields in the euro area nudged higher on Monday as focus turned to preliminary inflation data from Germany and Italy, two of the bloc's biggest economies.

But U.K. trade remains as twice as much with the euro area as it does with the dollar,» Adam Posen, president of the Peterson Institute for International Economics noted.

Mondi has embarked on a 750 million euro project to increase capacity at its paper mills and bolster revenue from 2019 onwards by catering to higher demand in container and corrugated packing and some areas of consumer packaging.

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

Crucially, the decline in oil prices is more of an economic stimulus for the euro area than a harbinger of deflation.

That is obviously an unreasonable and politically disruptive fiscal policy in a situation where the weakening banking system can not provide an effective transmission of the ECB's attempt to restart the euro area's moribund economy.

Its monetary policy has no traction because the euro area's weak, undercapitalized and, in many cases, utterly dysfunctional financial system is incapable of funding businesses and households.

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).

It is, therefore, a good bet that the triad of fiscal austerity, short - term growth - stifling structural reforms and seemingly intractable problems of a weak banking system will soon lead to the downward revision of the ECB's long - standing growth forecast for the euro area.

Excessively tight fiscal policies in the U.S. and in the euro area are depressing economic growth and employment in nearly two - thirds of the industrialized world.

In the fourth quarter of 2017, gross domestic product (GDP) had grown by 0.7 percent in the euro area and by 0.6 percent in the wider EU28.

Even an intensifying of the ongoing euro - area financial crisis, which could occur, the bank says, because there are signs Europeans are becoming weary of austerity and reforms.

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

Overall each 10 percent move higher in the euro takes around 6 percent off earnings per share (EPS), Credit Suisse analysts said, and 70 percent of the time the euro has strengthened, euro area equities have underperformed in local terms.

Figure 1 shows estimates of the inflation - adjusted natural rate for four major economies: the United States, Canada, the euro area, and the United Kingdom (Holston, Laubach, and Williams 2016).

The Canadian economy benefitted from a recovery in the US and the emergence of China as a major global economy There is a lot at stake and Canada will not be immune to the consequences if policy makers in the EURO area and the U.S. fail to take decisive action.