Search Results for: Euro area
Lithuania to join euro area and single supervisory mechanism (SSM) on 1 January 2015
July 23rd, 2014
European Central Bank has issue a press release today about Lithuania to join euro area and single supervisory mechanism (SSM) on 1 January 2015. Conversion rate of the litas is fixed at 3.45280 = EUR 1 Lithuanian banks will ...
Seasonally adjusted government deficit almost stable at 2.7% of GDP in the euro area
July 23rd, 2014
In the first quarter of 2014, the seasonally adjusted general government deficit to GDP ratio stood at 2.7% in the euro area (EA18), nearly stable compared with the fourth quarter of 2013 (2.6%). In the EU28, the deficit to ...
Government debt increased to 93.9% of GDP in euro area and to 88.0% in EU28
July 22nd, 2014
At the end of the first quarter of 2014, the government debt to GDP ratio in the euro area (EA18) stood at 93.9%, compared with 92.7% at the end of the fourth quarter of 2013. This increase comes after ...
Euro-Area Output Unexpectedly Picks Up as Brexit Qualms Fade
August 3rd, 2016
Purchasing Managers’ Index rises to 53.2 in July from 53.1 Gauge signals little contagion from U.K. vote, Markit says Euro-area output unexpectedly accelerated to the highest in six months, signaling that manufacturers and services providers are shrugging off concerns ...
Emerging Stocks Fall on China, Euro-Area Slowdown; Ruble Gains
November 20th, 2014
Emerging-market stocks fell as manufacturing gauges in China and Germany retreated, dimming the outlook for exporters. The ruble rose as Russian companies sought funds to meet their tax commitments. The MSCI Emerging Markets Index lost less than 0.1 percent ...
Single Euro Payments Area makes major changes to retail changes
August 1st, 2014
The European Central Bank (ECB) today marks a major milestone in the integration of retail payments in Europe. After 15 years of work, the Single Euro Payments Area (SEPA) has been successfully implemented for credit transfers and direct debits ...
European Stocks Climb Before Euro-Area Confidence Report
March 28th, 2014
European stocks advanced, paring their monthly loss, as investors awaited data that may show euro-area economic confidence rose in March. U.S. index futures and Asian shares also climbed. Intesa Sanpaolo SpA gained 1.9 percent as it forecast dividend payouts ...
A digital euro
November 19th, 2020
The ECB, as guardian of the euro, provides currency in two forms: we issue banknotes and we transfer electronic deposits to banks and other financial institutions. Digitalisation has spread to every corner of our lives and transformed how we ...
The destruction of the euro
October 26th, 2020
The Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming. Despite official denials over the years that it is a matter of concern, it is increasingly obvious ...
Asian shares mixed as worries percolate over pandemic; Euro to Dollar weakened
September 23rd, 2020
Markets were mixed in Asia on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. Stocks slipped in Japan and Hong Kong but rose in Seoul and Shanghai and jumped more ...
