Sentences with phrase «on euro countrys»

Not exact matches

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.

The European Union's statistics office Eurostat estimated that inflation in the 19 countries sharing the euro was 1.2 percent year - on - year in April.

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».

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.

The country voted against joining the euro zone in a referendum in 2000 and last December opted to retain its exemption from EU rules on issues like asylum and border control.

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.

Data from the Portuguese Finance Ministry showed that the country paid less than 300 million euros ($ 368.49 million) in interest on its sovereign debt between 2016 and 2017 due to the increasingly optimistic views from the ratings agencies.

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.

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.

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.

Now, the 79 - year - old Magna International founder is back in Austria and launching a new political party that aims to dump the euro, reform the country's tax system and cut down on bureaucracy.

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.

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.

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.

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.

With days to go before Sunday's knife - edge referendum that the country's creditors have cast as a vote on whether it wants to keep the euro, the IMF revealed a deep split with Europe as it warned that Greece's debts were «unsustainable».

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.

While China is usually singled out for its policies, other countries have behaved more irresponsibly, most notably rich Germany, whose surpluses, the largest in history, were built primarily on an undervalued currency, after the creation of the euro, and on weak wage growth, after the 2003 — 05 labor reforms.

All of this is, of course, dependent on two very important assumptions: that the US avoids the «fiscal cliff» and the EURO countries continue to avoid collapse.

PARIS (Reuters)- Finance ministers of other southern euro zone countries on Wednesday talked up the chances of reaching a cash - for - reforms deal with Greece, with Spain's Luis de Guindos saying he was certain it would happen.

Portugal, like Spain, has been among the euro zone countries that have been most insistent on Greece committing to deep reforms, like other recipients of bailouts in the region have done.

«The market will have to get used to the fact that in order to prevent an economic overheating interest rates in the U.S. will continue to rise,» Commerzbank analysts said, predicting that rate differentials between countries would have a greater bearing on currencies and could cement euro / dollar around $ 1.20.

Billions of euros were withdrawn from accounts in Greece and Spain and banks in stable countries such as Germany put a cap on the amount of money they were willing to lend business partners in countries hit hardest by the euro crisis.

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.

Entirely dependent on billions of euros worth of international rescue loans from other European countries and the International Monetary Fund, Greece must impose yet more austerity measures next month, if it is to keep the money flowing and prevent a default and a potentially disastrous exit from the euro.

The draft legislation is the latest in a series of income cuts, tax hikes and reforms imposed on austerity - weary Greeks since 2010, when the debt crisis exploded that brought Greece to the brink of bankruptcy and expulsion from the eurozone — the club of European Union countries that use the euro currency.

The country has been keeping afloat with the help of multi-billion euro rescue loans from its European partners and the IMF, released on condition of tough spending cuts and deep structural reforms.

LONDON — Iran will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said today as part of the country's effort to reduce its reliance on the U.S. currency due to political tension with Washington.

-LRB-...) Gross domestic product in the 17 - country euro zone grew only 0.1 % last quarter, or 0.4 % at an annualized rate, data published on Thursday showed.

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.

Gold futures fell the most this year on speculation that Greece's anti-austerity party victory won't result in the country leaving the euro currency bloc, crimping demand for haven assets.

But bear in mind also that as the dollar depreciates, OPEC countries have sought to stabilize their receipts in euros, and to offset their losses they are suffering on the dollar - denominated securities they have bought with past export proceeds.

The euro dropped against its major opponents in the New York session on Thursday, erased its recent gains, after the European Central Bank President Mario Draghi acknowledged recent signs of moderation in bloc's economic growth, with some countries experiencing a loss of momentum.

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The euro slumped to a four - month low in the aftermath of the bailout of Cyprus, as market participants worried about the implications for other countries on the periphery of the eurozone.

It could cause the euro to rise in value against other currencies, potentially hurting exporters, and it could bring higher returns on savings as well as stiffer borrowing costs for indebted governments in the 19 - country eurozone.

After a day of marathon talks on Monday, leaders from Greece's 18 fellow euro - zone countries agreed that Tsipras's government was finally getting serious about striking a deal after it submitted a set of reform measures that began to converge with the terms demanded by creditors.

Right up until the dying minutes of the group stage it was looking like England would face Portugal and Cristiano Ronaldo in the knockout phase but the amazing story of the smallest country ever to qualify for the Euros went on with a last minute Iceland winner.

Remember, the Euros are massive for England and Vardy making a public announcement right before the competition (if he decided to join AFC) would be particularly unfair on LCFC and his country.

The European commission is expected to deliver its verdict on Monday on whether Spain wrongfully handed out tens of millions of euros in state aid to some of the country's top football clubs.

US President Donald Trump told Pope Francis on Wednesday he was committing more than $ 300m (270 million euros) to help prevent or tackle famine in Yemen and several countries in Africa.

Domestically the EU is also facing new tensions: a sharp rise of euro - scepticism and of nationalist movements has been registered in many European countries, including Italy, France, Germany, Hungary and the UK, with the UK arguing for a referendum on its own EU membership in 2017.

If the euro implodes, the UK will be as damaged as any other country by the economic and political shockwaves — but Cameron, and Clegg, have chosen to sit on the sidelines admonishing Merkel and Sarkozy.

«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.

But if instead the eurozone want more powers and treaty change to prop up the euro, in return for that we should insist on bringing back powers from this country so we can once again be an independent country trading with Europe but governing ourselves.»

David Cameron had come under pressure in Europe to assist with Greece's next 12 billion euro bailout, in a bid to prevent the country defaulting on its loan payments.

With the issue of Britain adopting the euro on the cards, Labour would have a huge propaganda coup by placing in every newspaper in the country photos of Clarke sitting beside Blair and Ashdown advocating giving up our own currency!

In European countries that share the euro common currency, unemployment varies widely but on average it is 12.2 per cent — worse than in the UK — and above a quarter in Greece and Spain.