Sentences with phrase «out of the euro zone»

Investors are concerned about the strong showing in the French presidential race of far - right candidate Marine Le Pen, who has promised to take France out of the euro zone and to hold a referendum on European Union membership.

Bennett told CNBC that he did not expect to see further monetary easing out of the euro zone because the region was showing signs of a recovery.

In fact the creation of the euro largely wiped out local currency centers and most of the market actually migrated out of the euro zone and into London.

If the talks fail and Greece fails to pay its way, one possible — and feared — outcome could be the country being forced out of the euro zone and into adopting its own currency.

Not exact matches

There is no precedent in the euro zone to address the debt pile of a bailed - out county and that's why discussions on Greece's debt are taking so long, the Luxembourg finance minister told CNBC.

There is no precedent in the euro zone to address the debt pile of a bailed - out county and that's why the discussions on Greek debt are taking so long, the Luxembourg finance minister told CNBC.

German Chancellor Angela Merkel and French President Francois Hollande, the euro zone's most powerful leaders, said Athens must move quickly if it wants to secure a cash - for - reform deal with creditors and avoid crashing out of the single currency.

While France and Italy have emphasised the importance of more talks, a big majority of the 19 euro zone governments favour taking a hard line with Greece, diplomats said, and Germans are running out of patience.

The euro zone central bank's vice-president hinted that restrictive Brussels state aid rules get in the way of sorting out banks.

Other states could remain members of the Union but opt out of some of its integrating features, including the euro zone and the Schengen Agreement.

Inflation will also be in focus as Canada and the euro zone publish CPI numbers, while employment reports out of United Kingdom will also attract attention.

A case in point is the Federal Constitutional Court's OMT - decision that has, as Justice Lübbe - Wolff pointed out in her minority opinion, «incalculable consequences for the operating currency of the euro zone and the national economies depending on it».