Eurozone

Brexit hasn’t ruined it for Scotland, but is the EU model the only one?

Scotland can leave the United Kingdom, but being a part of the European Union will bring its own set of unique problems.

Eurozone economy sees deepest contraction on record amid Covid-19 lockdowns

The decline compares with a 9.5 percent quarter-on-quarter drop in the US, which, unlike Europe, has not yet been able to get its contagion numbers firmly down and whose economic recovery is in doubt.

European shares rise on recovery hopes, Bayer jumps

Investors focused on the positives despite growing US-China tensions stalling recovery for equities in May, amid signs that many European economies are coming back to life.

European Union agrees how to bail out Italy and Spain. Well, sort of.

EU leaders agree that a much bigger bail out is required. How this is structured is dividing Europe and opening old wounds.

Europe needs over $540 billion from EU institutions for recovery – ESM

In an interview with Italy’s Corriere della Sera paper, European Stability Mechanism Managing Director Klaus Regling said the easiest way to organise such funds would be via the European Commission and the EU budget.

The European Union 'bailout' might end up being an eject button

The devil is in the details, but EU leaders this week will wrangle a deal which might be a starter’s pistol for Brussels to fall on its sword.

European nations struggle to agree on terms of economic aid

European governments are scrambling to put together hundreds of billions of euros to save lives, companies, and families from going bankrupt as countries hit hardest by the virus are also those that can least afford the costs, like Italy and Spain.

The pandemic opens up a huge rift in Europe

The financially well-off members such as Germany and the Netherlands are hesitating to help Italy, Spain and France, where thousands have been killed by Covid-19.

Italy PM calls for European recovery bonds – report

In an interview with Italian daily Il Sole 24 Ore on Saturday, Conte said a common debt instrument was needed to spearhead a European recovery and reinvestment plan to support the economy of the whole area.

Ciao, Mario: ECB's Draghi hands baton to Lagarde

After a career breaking glass ceilings to join a tiny global elite, Christine Lagarde will bring experience of cool-headed crisis fighting to her job as first female head of the European Central Bank.

Central banks gear up to fight slump with low interest rates

It remains to be seen if the measures are enough to spur spending.

Lagarde resigns as IMF chief, cites more clarity on ECB post

International Monetary Fund Managing Director Christine Lagarde's resignation comes two weeks after her nomination on July 2 for the ECB top job.