The 19 euro-area nations skilled the most important GDP drop on file through the top of the coronavirus pandemic. The eurozone financial system shrank 12.1 p.c, whereas the EU financial system as a complete contracted 11.9 p.c. ...

The top of the European Central Financial institution (ECB), Christine Lagarde, has warned of a significant financial downturn for the European Union, resulting in a surge in unemployment. ...

The affect of the Covid-19 pandemic on the eurozone financial system has been vital, in response to the European Central Financial institution (ECB), rising the underlying monetary vulnerabilities of the euro space. ...

The euro space is struggling its worst contraction ever as information revealed on Thursday confirmed that the area’s gross home product (GDP) shrank by Three.5 % within the first quarter of 2020 versus the ultimate quarter of final 12 months. ...

The euro is right here to remain and function a guarantor of a stronger, extra cohesive Europe, Germany’s finance minister mentioned as he counseled French President Emmanuel Macron for spearheading the trouble. Learn Extra at mysouth.su ...

French President Francois Hollande called for the establishment of the Government of the euro area to work the faith of Europeans in the project, writes Journal du Dimanche.

Skai radio station gave a message from Brussels that on Friday, the leaders of the eurozone countries may be called to the new emergency meeting. They are the first in Greece to discuss the payment of loans to support the prevailing economic situation. Greece asked for restruktorizatsii.

The index of business activity in the field of industrial production (PMI) for the 19 countries of the euro zone, after the final vote in April was found to be approximately 52 points, compared with the March value of 52.2 points, according to research organization Markit Economics.

Eurozone countries are not bound by the problems with the financial situation in Greece, because the mechanisms established for the protection of the suffering, the French Finance Minister Michel Sapin during the spring meeting of the governing bodies of IMF and World Bank Washington.

France and Germany are pushing for a full-time staff conduct economic and financial policies of the 17 countries of the euro bloc. ... French President François Hollande, and German Chancellor Angela Merkel said after a meeting in Paris that there must be a central figure to guide the Eurogroup. Speaking ...