Eurozone: We are on the road to recovery March 5, 2015 The European Central Bank’s (ECB) landmark €1.1 trillion (£800bn) debt-buying programme will kick off on Sunday and boost Eurozone growth throughout 2015 and 2016, a confident Mario Draghi announced yesterday. ECB president Draghi and the bank’s forecasters are confident the programme – also known as quantitative easing (QE) – will be effective at rescuing the Eurozone [...]
Eurozone on the road to growth as service sector picks up pace March 4, 2015 THE EUROZONE’S dominant service sector is expanding at its fastest rate since July, new survey data shows. The service sector purchasing managers’ index (PMI) published yesterday by Markit climbed to a score of 53.7 for February from January’s 52.7. A score above 50 implies growth, with higher numbers marking faster growth. France’s PMI jumped to [...]
In charts: Eurozone service sector showing “clear signs of recovery” with France’s growth the fastest in 42 months March 4, 2015 Amid the fear and doubt surrounding the future of the Eurozone, business growth in the economic bloc has reached a seven-month high. The figures With any reading above 50 indicating growth, the Markit purchasing managers’ index score was 53.7 for February, which, although lower than the 53.9 given in a flash estimate last month, is [...]
Deflation threat grows as Eurozone prices fall again March 2, 2015 PRICES in the Eurozone fell for the third consecutive month in February, data showed yesterday, while unemployment continued its slow decline. Inflation was meant to come in at close to, or just below, two per cent – but in the 12 months to February it stayed below zero, at minus 0.3 per cent. That follows [...]
Eurozone consumer price index falls for third month in February March 2, 2015 Consumer prices fell across the Eurozone for the third month running in February, according to a flash estimate. However, the rate inched up on the previous month. Annual consumer price inflation was -0.3 per cent, mildly better than the -0.4 per cent economists had forecast, the European Union's statistics agency said. This follows a fall [...]
Eurozone manufacturing flat in February March 2, 2015 The Eurozone's manufacturing sector showed disappointing growth in February, figures out this morning have shown. Markit's Eurozone manufacturing Purchasing Managers' Index (PMI) hit 51 in February. That's down from the flash estimate of 51.1, and flat on the 51 it hit in January. Still, at least the region's manufacturers can take some solace in the [...]
Tumbling prices see Greece lead Eurozone into deeper deflation February 24, 2015 Deflation deepened to its most severe rate since 2009 across the euro area in January, with Greece recording the sharpest fall in prices. Annual inflation came in at minus 0.6 per cent across the bloc, according to figures published yesterday, down from 0.2 per cent in December. The rate has been dragged down by lower [...]
Liam Fox describes Eurozone as main threat to global financial future February 23, 2015 Former Conservative leadership candidate Liam Fox will tonight look to curry favour with his party’s eurosceptic wing by describing the Eurozone as the greatest threat to global financial stability. Speaking at the right of centre think-tank Parliament Street, Fox will say that “the euro was always a flawed project”, and warn that “if the euro [...]
How Greek game theory could lead to a win-win situation in the Eurozone February 20, 2015 Meetings to discuss the future of Greece are no playtime for the leaders of Europe, but that doesn't mean the country's finance minister isn't using game theory to ensure the best possible outcome for his strugging economy. Yanis Varoufakis was an academic and researcher of the technique before he went into politics. In [...]
Eurozone “personality clash”: German and Greek finance ministers come face-to-face once more February 20, 2015 The German and Greek finance ministers will meet for a third time this afternoon, as the struggle to reach an agreement on Greece's bailout package continues. Wolfgang Schaeuble and Yanis Varoufakis will come face-to-face in Brussels at 2pm, ready to lay out their opposing demands once more. While Greece wants to renegotiate its €172bn [...]