Search Results for: greece
The ECB’s financial suttee
March 22nd, 2021
The European Commission is failing. Its response to Brexit and the pandemic, where it is now threatening emergency powers in order to secure vaccines is a latest throw of the political dice. Even before this development markets were getting ...
Annual inflation stable at -0.3% in the euro area
November 18th, 2020
The euro area annual inflation rate was -0.3% in October 2020, stable compared to September. A year earlier, the rate was 0.7%. European Union annual inflation was 0.3% in October 2020, stable compared to September. A year earlier, the ...
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 ...
Deliveries of oil products resuming slowly
October 22nd, 2020
EU countries gradually and partially lifted Covid-19 containment measures between May and August. As restrictions on air traffic and the movement of people relaxed, the use of common transport fuels started resuming from the low levels registered in March ...
EU expecting COVID-19 dent in 2020 VAT collections
September 30th, 2020
The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018, down EUR1bn in nominal terms on the year prior. The “VAT gap” measures the ...
Unemployment rate in Euro area increased
September 3rd, 2020
In July 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the euro area seasonally-adjusted unemployment rate was 7.9%, up from 7.7% in June 2020. The EU unemployment rate was 7.2% in July ...
Annual inflation up to 0.4% in the euro area; The highest and lowest annual rates
August 26th, 2020
In July 2020, a month in which COVID-19 containment measures continued to be lifted, the euro area annual inflation rate was 0.4% in July 2020, up from 0.3% in June. A year earlier, the rate was 1.0%. European Union ...
Euro area annual inflation up to 0.4%
August 5th, 2020
In July 2020, a month in which COVID-19 containment measures continued to be lifted, Euro area annual inflation is expected to be 0.4%, up from 0.3% in June according to a flash estimate from Eurostat, the statistical office of ...
The Eurozone’s financial disintegration
July 31st, 2020
Introduction The Euro Crisis Monitor (above) shows the increasing imbalances in the TARGET2 settlement system between all its members: the ECB (itself with a €145bn deficit) and the national central banks in the Eurozone. Other than minor differences reflecting ...
29% of Europeans can’t afford a week’s holiday
July 29th, 2020
In 2019, 29% of residents of EU Member States aged 16 or over were unable to afford paying for an annual one-week holiday away from home. This share has gradually decreased since 2010, when 39% of Europeans could not ...
