-LRB-...) The subdued performance of the «big - two» nations also weighed
on the euro area PMI, with growth in both Germany and France only slightly above the stagnation mark.
Padoan participated in an on - stage panel discussion focusing
on euro area reforms at the IMF alongside Eurogroup President Mario Centeno, German Finance Minister Olaf Scholz and former U.S. Treasury Secretary Jack Lew.
Not exact matches
Inflation data in the 19 - member
euro area dropped to 1.4 percent (year -
on - year) in May, from 1.9 percent in April, according to fresh figures Wednesday from the European statistics office.
Business activity in the
euro area hit a fresh six - year high in April
on strong demand and increasing business prospects, new data showed
on Friday.
The European Central Bank (ECB) dropped its easing bias
on Thursday, fueling expectations that it will normalize monetary policy in the
euro area.
«We believe that net migration for the
euro area and for Germany is positive for growth,» Credit Suisse economists predicted in a note
on Monday.
The ECB's annual report
on its work as the
euro zone's top banking watchdog shows some banks were found to be deficient in the way they identify problem customers and loans, set aside provisions and choose when to grant credit, among other
areas.
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.
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.
But the cruel irony is that any improvement in demand and output conditions in these three countries will partly leak out and benefit the
euro area countries with large trade surpluses because their economies are running
on exports rather than domestic demand.
Uncertainty in emerging countries has the potential to further weigh
on demand for
euro area exports, with emerging markets worth 25 % of exports.
Greece Prime Minister Alexis Tsipras is preparing to pick up talks with creditors after
euro -
area finance ministers adjourned a meeting
on Greece today as a breakthrough
on the terms of aid remained elusive.
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
EURO area is
on the verge of its third recession since 2008.
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 2012 Budget contained considerable discussion
on the economic and political uncertainties in the
EURO area and in the U.S. and rightly so, because these uncertainties are not just short - term uncertainties but medium and longer - term uncertainties as well.
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?
In his recent trip to the U.K and France, Prime Minister Harper once again lectured
EURO -
area leaders
on their need to develop a credible plan to resolve the
EURO crisis.
Latvia's Road to Serfdom By Prof. Michael Hudson and and Prof. Jeff Sommers While most of the world's press focuses
on Greece (and also Spain, Ireland and Portugal) as the most troubled
euro -
areas, the much more severe, more devastating and downright deadly crisis in the post-Soviet economies scheduled to join the Eurozone somehow has escaped widespread notice.
But long - term government bond yields fell to record lows for many
euro area countries after a speech by ECB President Draghi
on 21 November, which stressed that the ECB will do what is required to raise inflation and inflation expectation by adjusting the size, pace and composition of asset purchases, if the currently announced policies prove to be insufficient.
Various quantitative - easing options focused
on government bonds were shown to governors
on Jan. 7 in Frankfurt, including buying only AAA - rated debt or bonds rated at least BBB minus, the
euro -
area central bank official said.
U.S. Dollar strength and disinflation, supported by the ongoing oil price collapse, are providing headwinds for the metals;
on the other hand, a recent rise in fear in the
euro area, combined with continuing loose monetary policies, result in favorable conditions.
During this two - year crisis investors have continually called
on the ECB and
euro area leaders to «fix» the debt issue: by wiping out half of Greece's debt, by protecting Italy's access to debt markets through bond purchases, or by suggesting a levered EFSF, the
euro area's rescue vehicle.
Figures published by the European Union's statistics agency Eurostat showed consumer prices in the 17
euro -
area countries fell 0.5 %
on the month in July, compared with a fall of 0.1 %
on the month in June.
The
euro area's year -
on - year pace of GDP growth was 2.5 percent in the first quarter, marking the first slowdown in eight quarters.
«Depending
on how Europe responds to a vote to leave, the financial stress expected in the UK could spill over into the
euro area.
The government's current strategy is based
on the hope that the
EURO area will quickly recover from its 18 - month recession; that the US will find an agreement
on a budget that will reverse sequestration and raise the debt ceiling; that emerging markets will become revitalized; that President Obama will agree to the XL pipeline; and that there will be a Canada - EU free trade deal.
The market capitalization of China A-shares — companies listed
on stock exchanges in Shanghai or Shenzhen — is around USD 8 trillion, second only to the US and around 30 per cent bigger than the
euro area.
Against this backdrop, we maintain our scenario of a strengthening cyclical recovery, with
euro area GDP growing at around 1.8 % this year and next, above potential,
on the back of rising domestic demand (household consumption and investment) fuelled by bank credit.
The
euro area said in 2012 that it might ease terms
on some existing loans if Greece fulfilled its rescue conditions.
On average,
euro area banks need to expand their eligible loan portfolio by around 1.2 % annually in 2016 and 2017 in order to qualify for the maximum reduction,
Against this backdrop of ECB support, we maintain our scenario of a stronger cyclical recovery, with
euro area GDP growing at around 1.8 % this year and next, above potential,
on the back of rising domestic demand (consumption and investment) fuelled by bank credit.
As we tried to distinguish between good and bad reasons to worry about the
euro area outlook, we concluded that some of those concerns look overdone, largely based
on the view that the improvement in domestic demand should more than compensate for external weakness.
On average, euro area banks need to expand their eligible loan portfolio by around 1.2 % annually in 2016 and 2017 in order to qualify for the maximum reduction, i.e. to receive the 0.40 % subsidy on their TLTRO II holding
On average,
euro area banks need to expand their eligible loan portfolio by around 1.2 % annually in 2016 and 2017 in order to qualify for the maximum reduction, i.e. to receive the 0.40 % subsidy
on their TLTRO II holding
on their TLTRO II holdings.
«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.
Under the Ashdown formula, the Liberal Democrats have worked with Labour
on areas of mutual interest, such as constitutional reform, but have opposed the Government in other
areas such as spending
on health and education and preparation for the
euro.
Moreover the Economic and Monetary Union should be reformed and deepened, there should be greater
euro area integration with financial solidarity, a true banking union, the definition of a convergence strategy — notably from the fiscal and social points of view — all of which based
on greater democratic legitimacy — notably with stronger involvement
on the part of the national parliaments and the European Parliament.
An order book of approximately 1.2 billion
euros allowed the company to tighten pricing
on the five - year bond
on Thursday to a final spread of 320bp over mid-swaps, from revised guidance of 325bp
area.
Car clubs are
on hand to display member's machines and there's both a high - end dealer's
area with hundreds of cars for sale as well as a smaller for - sale section for cars that cost 25,000
euro or less.
But forecasts compiled by Bloomberg suggest that both
areas will slow going forward; the
euro area because of the recent strength of its currency, and Japan because of its reliance
on exports to the United States.
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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.»
We expect a slight fall in German Bund yields (perhaps by 10 basis points) to be accompanied by a rise in yields
on peripheral
euro area bonds before possible intervention by the European Central Bank steadies the fixed - income market.