An escalating standoff between workers and employers in Venice over an expired contract has exposed the volatile reality behind the data that informs Europeโs economic decision-making.
Former European Central Bank (ECB) president Mario Draghi urged member states to boost investments by 5% of their GDP to address Europe’s challenges but to do this, the Union must put aside political battles over public debt and financial market regula…
Austriaโs central bank governor Robert Holzmann says Eurozone borrowing costs could fall to 2.5% by mid-2025
ECB chief Christine Lagarde said that progress was being made in the fight against inflation, which was on a ‘declining path,’ But warned that the battle was far from over, with inflation likely to tick up again later this year.
European Central Bank (ECB) President Christine Lagarde praised Mario Draghiโs โformidableโ report on Thursday (12 September) but said that the responsibility for boosting Europeโs lagging competitiveness ultimately lies with EU governments rather than…
โStructural reforms are not the responsibility of the central bank โ they are the responsibility of governments,โ European Central Bank president says.
European Central Bank lowers forecast for GDP growth, as it cuts interest rates for the second time this yearThe European Central Bank has warned that economic growth in the eurozone will be weaker than it had hoped, as it lowered interest rates for th…
The central bank has trimmed its growth forecasts owing mainly to weak domestic demand.
Inflation likely wonโt return to target until late next year, a new set of economic forecasts is expected to confirm Thursday.
As Europe continues to lag behind the US and China, former European Central Bank president Mario Draghi estimates that an investment effort of โฌ800 billion a year is needed to avoid an ‘existential challenge.’
The European Central Bank may cut interest rates at its meeting on Thursday. But is the move coming too late and too slow?
Fallout over Libyan central bank governorโs dismissal presents immediate challenge for Sisi and ErdoฤanA new alliance between Egypt and Turkey designed to end a long-running dispute over events in the Middle East faces it first major test in the shape …
German manufacturers are being strangled. The EU is feeling the pinch. Mario Draghi on Monday warned the EU may be staring at โslow agony.โ
The Draghi report is full of good intentions to mend a continent losing its way. But while the vision is bold, the politics are practically impossible.
Elon Musk’s X is subject to a Commission probe on compliance with the bloc’s content-moderation rulebook.
The EU should push countries to buy from the bloc’s military industrial complex, Draghi said in his new report.
Former European Central Bank head Mario Draghi cited the warning, which stems from a newly-released report, in a speech calling for joint borrowing to finance investments aimed at maintaining the bloc’s competitivity with the United States.
AI is an opportunity for Europe while common borrowing is needed to fund defense, former ECB chief says in landmark report. Read the full paper here.
Like Gorbachev’s Perestroika, the report from the former ECB chief could herald a change of historic proportions. It’s far less innocuous than it sounds.
A blueprint to make the EU more competitive with the rest of the world is published on Monday. It’s likely to prove controversial.
Sadiq Al-Kabir says the attempted takeover by hostile government forces has backfired.
Josรฉ Luis Escrivรก has all the experience needed for the job but may struggle to escape the taint of cronyism.
The Democratic candidate’s voter support means resolving differences between the EU and U.S. no longer seems so urgent.
IRLeaks, a group with a history of hacking Iranian companies, was said to be responsible.
Piero Cipollone, member of the Executive Board of the European Central Bank, says he hopes wages will catch up with inflation.
Former European Central Bank President Mario Draghi โ โthe man who saved the eurozoneโ โ will present his much-anticipated report on the future of European competitiveness to EU diplomats and leaders of the European Parliamentary groups on Tuesday (4 S…
โPartisanโ move overrides tradition of government and opposition striking deal on new governor
Looming threats must spark major rethink of European defense policy, according to draft of new report seen by POLITICO.
Worsening labour shortages and western sanctions are crimping production
Long-dated debt and slow growth means that overall borrowing costs will stay high and debt burdens heavy.
Drop to lowest level since 2021 may lead to cut in September though unemployment figures give cause for concernEurozone inflation fell this month to its lowest since June 2021, adding to the case for the European Central Bank (ECB) to cut interest rate…
The European Central Bank had cut rates in June. The institution has since kept rates unchanged, but the market hopes another cut will come in September.
Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy costs, official data showed on Friday, raising expectations of a European Central Bank (ECB) interest-rate cut.
Ex-ECB chief will brief political groups of European Parliament before official launch in coming weeks.
Decline comes amid expectations of further interest rate cuts from the European Central Bank
A hotly anticipated speech by a top European Central Bank official at the Jackson Hole annual US central bankersโ summit in Wyoming on Saturday (24 August) failed to provide significant guidance on the European bankโs future rate path, analysts say.
Philip Lane wary of amount of relief central bank will be able to provide borrowers
His speech marks a striking turning point after the U.S. economy was battered by the worst price spikes in four decades starting in early 2021.
In todayโs edition of the Capitals, find out more about Scandinavian ministers meeting in Copenhagen to tackle spillover of Swedish gang crime, Italy’s central bank chief calling for “common fiscal capacity”, and so much more.
To ensure peace and prosperity, the EU needs a so-called “common fiscal capacity”, Fabio Panetta, the president of the Bank of Italy and a former member of the European Central Bank’s executive board, told Italy’s highest-level annual Catholic summit i…
The European Central Bank (ECB) is a powerhouse in the EU, wielding influence over financial supervision, foreign exchange reserves, and economic forecasts. The ECBโs main goal is to keep inflation at 2% by adjusting interest rates. Its massive quantit…
Fissures are forming in the economy just as the Fedโs long-running fight against inflation looks to be nearing its conclusion.
What could possibly go wrong?
Trumpโs comments mark the clearest signal yet on how he might try to blunt the central bankโs autonomy should he win a second term in November.
Former academic economist Martin Kocher set to replace Robert Holzmann next year
The odds that the U.S. will fall into recession are still relatively low, particularly given that consumers continue to spend at a healthy clip. But the risks are mounting.
Analysts question whether the U.S. Fed has left it too late to begin cutting rates to save the economy from falling into a recession
Russian military intensifies pressure on key Ukrainian transport hub of Pokrovsk; Kyiv receives bodies of 250 slain soldiers in exchange with Moscow. What we know on day 892See all our Ukraine war coverageRussian assaults are raising pressure on the st…
The U.K.’s finance minister spent all week saying Britain’s economy is broken. Then the BoE cut interest rates.
โStickyโ service prices set to test the ECB’s nerve in September.
European Central Bankโs vote in September now โvery close callโ, after price pressures tick up
European Union member states discussed options for extending the renewal period of sanctions on Russian central bank assets to secure a major Group of Seven loan to Ukraine, an EU draft document showed and diplomats said on Wednesday (24 July).
The publication of a much-anticipated report on the European Union’s competitiveness by former European Central Bank President Mario Draghi has been delayed until September, an EU official confirmed to Euractiv on Tuesday (24 July).
Trumpโs about-turn on crypto-assets โ and his pick of crypto-evangelist running mate JD Vance โ resurfaces a nightmare scenario for EU policymakers.
Manufacturing in Europeโs industrial heartland weakened further in July, confirming the worst fears of EU leaders concerned by the direction that the blocโs economy is taking. S&P Global said today its eurozone manufacturing purchasing managers index (PMI), a rough real-time proxy for activity in the sector, fell this month, as the sector dived deeper into [โฆ]
The court ruled there is enough evidence for all those accused in a hospital contract scandal to stand trial.
Commission set to table measure to indefinitely immobilise Russiaโs central bank assets
Vice President Kamala Harris would enter the White House with working ties with some allied heads of state โ others sheโd have to build.
Aurore Lalucq hasn’t always been a fan of financial services firms.
Top ECB official got caught on a hot mic saying Harris will never win.
Spotlight on Lagardeโs press conference as uncertainty over French budget policy swirls.
Here are 11 EU lawmakers to keep your eye on in the new term.
The presumptive GOP nomineeโs remarks suggest that he may not go further than he did in his first term.
The European Central Bank has overreached in pushing Italian bank UniCredit to get out of Russia, Italy’s Foreign Minister Antonio Tajani said on Friday (12 July).
Von der Leyen likely won’t have time to focus on Mario Draghi’s report until after the summer as she’s so focused on winning her second term.
Franรงois Villeroy de Galhau says investments are drying up amid fears of increased taxes
Secret ballot poses extra challenge as European Commission president seeks a second term.
Poll finds rise from 6% to 9% of central bankโs workers reporting suicidal thoughts
Staff committee warns burnout situation could induce poor decision-making at one of Europeโs most powerful institutions.
The dollar will decline, Europe will rise, and Asia will nuclearize.
Gabriel Makhlouf says using vast budget surplus to fund cost-of-living relief would risk stoking inflation
Russia’s central bank told businesses they should use “multiple choice solutions” including cryptocurrencies and other digital assets to facilitate payments with foreign partners to counter Western sanctions imposed over the Ukraine conflict.
Reports of financial chaos in France have been vastly overstated, Europe’s economic elite say. Instead, the U.S. election is the one to watch.
The first half of 2024 has been a period of stocktaking for the EU. Last year former Italian Prime Minister Enrico Letta and former President of the European Central Bank Mario Draghi were tasked with drawing up comprehensive reports on the functioning…
European Central Bank President Christine Lagarde told the ECB forum in Sintra on Tuesday that there is concern about the respect of budgetary rules in the European Union.
Candidate defects to the Tories saying “vast majority” of people standing for Reform UK are “racist, misogynistic, and bigoted.”
Consumer prices slip to 2.5% but core rate stays high, prompting little belief in further cuts in borrowing costsBusiness live โ latest updatesInflation across the eurozone slowed to 2.5% in June despite lingering pressure on households from price incr…
Markets will certainly make their position known if politicking threatens to stretch public finances.
Everything now is just a euphemism for financial repression and austerity. That doesn’t stop politicians looking for magical alternatives.
Central bank concerned that risks in sector backing 2mn UK private-sector employees could spill over to rest of economy
Central bank raises concerns over newly elected governments as more than 80 countries go to polls this yearBusiness live โ latest updatesUncertainty caused by a global wave of elections, starting this weekend in France, risks destabilising the UKโs fin…
Meloniโs careful stewardship of the Italian economy has been rewarded by Europeโs famously fickle financial markets. But chaos across the Alps could draw unwanted attention to Italyโs huge debt pile.ย
The forthcoming report by former Italian prime minister and former European central bank president, Mario Draghi, on the future of European competitiveness is a valuable opportunity to shape the EU policy agenda for the coming EU legislative term and b…
French political circles are openly discussing the possibility of a very Italian option: an emergency government of experts.ย
Sometime next month, former European Central Bank chief Mario Draghiโโthe guy who saved the euroโโwill publish his much-anticipated report on the competitiveness of the European economy.
The European Central Bank has estimated that massive cuts in eurozone budget spending would be needed to achieve the 60% debt-to-GDP ratio target by 2070.
Flash PMIs cast doubt on the narrative of a steady economic recovery this year.
The former Italian prime minister is preparing to issue a sweeping report on economic competitiveness that sets up Europe to take on China โ and America.
Chair Thomas Jordan signals SNB is ready to intervene in currency markets to stem gains in the franc
The euro’s weakening since the EU election has struck an uncomfortable chord at the Swiss National Bank.
Central bank warns of fiscal challenges including ageing populations, extra defence spending and climate change
Brussels and Italian central bank have warned that law could increase pressure on public finances
Philip Lane says sell-off of Franceโs debt does not meet criteria to invoke central bankโs emergency powers
Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russiaโs frozen central bank assets would be used as collateral. More information w…
More than 100 leaders at two-day conference to discuss Kyivโs proposals to end war โ but Russia and China absentMore than 100 leaders, including the US vice-president, Kamala Harris, and the presidents or heads of the EU, South American, Middle East an…
Higher trade barriers, more subsidies, and bigger European companies, are all part of the solution.
Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russiaโs frozen central bank assets would be used as collateral. Details of the dea…
One of the main objectives of the imminent G7 summit was to achieve an agreement among leaders on a loan of to Ukraine, FRANCE 24’s Philip Turle said, reporting from Italy. The deal is expected to involve a $50 billion loan for Kyiv, secured against t…
Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival that would use interest earned on profits from Russiaโs frozen central bank assets as collateral.ย
G7 leaders are set to reach a political agreement to provide Ukraine with $50 billion of financial aid using the windfall profits generated by frozen Russian central bank assets, according to several people with knowledge of the matter. Technical detai…
