Majority of Europe’s business leaders fear Brexit will harm the Eurozone economy more than Grexit April 30, 2015 The majority of European business leaders are more fearful about the impact of Brexit on the Eurozone than Greece dropping out of the single currency. In a survey of 2,600 chief executives conducted by Grant Thornton, nearly two thirds – 64 per cent – said Brexit would have a negative impact on Europe. On the question of [...]
Santander shrugs of Eurozone troubles to record 39 per cent jump in profit April 28, 2015 The Eurozone’s largest bank showed it can thrive in the region’s crisis. Profit before tax was up 39 per cent in the three months to March 2015, compared to the same three months a year ago. It came in at €2.9bn (£2.1bn), up from €2.1bn in quarter one 2014. Banco Santander’s net income grew 32 [...]
Confidence high in the Eurozone as Germany lifts growth forecast April 22, 2015 THE EUROZONE economic outlook is becoming rosier, with confidence levels remaining high and Germany – the largest economy in the currency bloc – raising its growth expectations. German officials have raised their growth forecasts to 1.8 per cent this year, up from a 1.5 per cent forecast in January. The brighter outlook comes from the [...]
IMF official: The risk of a Greek exit from the Eurozone should not be underestimated April 17, 2015 The International Monetary Fund (IMF) "doesn't expect a Greek exit from the euro", Poul Thomsen, one of its top officials, said a press conference today. However, he added that risks of a Grexit should "not be underestimated". The press conference came just over a day after the FT reported the IMF had "persuaded" the Greek government [...]
Eurozone inflation rose to -0.1 per cent in March April 17, 2015 Data released today showed the Eurozone is fighting tooth and nail to claw its way out of deflation, as prices rose for the second month straight, easing fears it could enter into a prolonged period of price falls. The single currency area's annual inflation rate rose to -0.1 per cent in March, up from -0.3 [...]
Eurozone recovery begins to gain some traction as new car sales speed ahead April 16, 2015 New car purchases in Europe are growing strongly, in a sign that the economy is starting to gain momentum. March saw the highest monthly growth for a year, as 1,604,107 new cars were registered. For the Eurozone, registrations of new cars were up 13.3 per cent compared to March last year, according to figures released [...]
Eurozone gaining momentum as industrial production climbs April 14, 2015 INDUSTRIAL production in the Eurozone grew strongly in February, boosting the outlook for the economy. Production across the 19 euro users was 1.1 per cent higher than in January, according to figures released yesterday by the European Union’s data office Eurostat. “Eurozone industrial output growth in February today broke the one per cent month-on-month barrier [...]
Is the Eurozone recovering? What traders need to know April 13, 2015 Improving credit conditions point to sustained growth. The Eurozone economy seems like it might finally be back on track, with stock markets rallying and greater confidence that activity is picking up in a region that has long been mired in crisis. Although German shares and the FTSE 100 fell slightly yesterday, European stocks are [...]
The Eurozone will remain mired in crisis unless it faces up to the facts April 12, 2015 During my years in the trenches in Washington, my staff christened one of my favourite analytical canaries in the coalmine the “we are where we are moment”. That is, you can determine whether a crisis is actually being dealt with simply by looking at the rhetoric of the opposing forces involved. If they hadn’t moved [...]
Secret plans are being drawn up to kick Greece out of the Eurozone April 10, 2015 Eurozone countries are formulating plans to boot Greece out of the single currency, as expectations grow that Athens may default on its debts next month. A memo put together by the Finnish Finance Ministry, a close Berlin ally, talks of “very difficult political decisions” as the currency bloc braces itself for Greece’s cash flow to [...]