Eurozone related content 

Hollande's declaration to inject new life into the European Union has no substance Francois Hollande, the president of France, stood in the Elysée Palace last Friday...

It is undemocratic that the ECB can set the eurozone-wide inflation target unilaterally. A simplistic (actually, naive) view of markets is that they exist almost in a...

A debt-mutualisation scheme for the eurozone must satisfy three crucial requirements. Since the 1970s, economists have warned that a monetary union could not be sustained...

Compromise expected on single supervisor plans. Members of the European Parliament will next week (20-23 May) debate the launch of free-trade talks with the US and adopt a...

Germany resisting moves to create a single resolution authority. European Union member states and the European Central Bank are divided over how to shore up Europe's fragile...

Ahead of the elections to the European Parliament next year, the EU needs to mend relations with its citizens The current crisis will go down in the history books as –...

Downturn now the longest on record as France's economy contracts again. The eurozone has recorded the sixth successive quarter of economic decline, meaning that it has been...

Olli Rehn says Slovenian government has “no time to waste” in reforming economy. Eurozone finance ministers tonight warned Slovenia that it needed to take “swift and...

Government urged to cut its budget deficit. The eurozone's 17 finance ministers are to meet in Brussels next week for the first time since agreeing a messy €10 billion...

Rehn pessimistic about France's economy. Doom and gloom in the eurozone Causes for concern The European Commission has signalled its intention to relax...

Unemployment is rising, countries are mired in recession and governments from The Hague to Madrid have failed to hit deficit-reduction targets. The European Commission's...

France, Spain and the Netherlands expected to be given more time to reach deficit targets. The European Commission today sounded...

Main interest rate now at record low of 0.5%. The governing council of the European Central Bank has decided to cut its main interest rate by a quarter point to a new record...

Mario Draghi says that first rate cut since July will help eurozone to recover “later in the year”. The European Central Bank...

EU softening approach to fiscal consolidation The European Commission will issue its spring economic forecasts tomorrow (3 May) amid renewed gloom about the eurozone...

Contracts would set economic targets for member states. Industry ministers meeting in Dublin on 2-3 May are to discuss a proposal for legally binding contracts setting out...

Fragile banking sector is at the heart of problems With speculation rife that Slovenia could become the next eurozone country in need of financial rescue, Christine Lagarde,...

Europe's malaise has striking similarities to the Great Depression Charles P. Kindleberger, the great economic historian, once noted that the Great Depression was so deep and...

Germany wary of push towards banking union. Extra time to pay back bail-out loans Troika says Greek reforms ‘on track' Hopes fade of more money for...

The European Union's 27 finance ministers have agreed to give Ireland and Portugal an extra seven years to pay back loans granted to them as part of their bail-outs.