Eurozone
Eurozone economy to grow 2.5% at year-end
SPAIN - The rate of economic recovery in the eurozone is unclear but the economy should probably be growing at about 2.5 per cent at the end of this year, European Central Bank (ECB) vice-president Christian Noyer said on Sunday.
Eurozone interest rates left unchanged
EUROPE - Interest rates in the 12-nation eurozone have been kept on hold as expected at a regular ECB meeting held Thursday.
Outgoing chief warns on Greek competitiveness
GREECE - In the Greek central bank's annual report released on Monday the governor warned that his country was losing competitiveness in the eurozone in spite of high levels of investment driven by transfers from EU structural funds.
Greek central bank sees eurozone CPI below 2 pct
GREECE - Greece's central bank expects a gradual recovery of economic activity in the eurozone this year with consumer inflation falling below 2.0 percent, governor Lucas Papademos said on Tuesday.
ECB's Issing says high Greek inflation "worrying"
GREECE - Greece's higher than eurozone average inflation is a "worrying development" that poses problems to Greek competitiveness, European Central Bank Chief Economist Otmar Issing said on Sunday.
Belgian econ cycle may lead eurozone by 1 quarter
BELGIUM - Belgium's business cycle leads the eurozone cycle by one calendar quarter, according to a study by the Belgian Planning Bureau, the government's economic think tank, reports Reuters.
Punt passes away quietly
IRELAND - The Irish pound ceased to be legal tender from midnight on Saturday as Ireland became the second country within the eurozone - after the Netherlands - to ditch its old notes and coins.
European Commission predict eurozone rebound
EUROPE - The eurozone economy may have shrunk during the last three months of 2001, but it is due for a rapid rebound, the European Commission has calculated.
Last-minute deal on euro seigniorage
EUROPE - At the 11th hour, the governing council of the European Central Bank, has agreed a deal on how to share out the seigniorage profits of the euro. The pain is delayed, but Germany still loses out.
First euro coins to be rolled out today
NETHERLANDS - Preparations for the changeover to euro notes and coins take a key psychological step forward today as citizens of France, Ireland and the Netherlands become the first in the eurozone to get their hands on the new euro coins.
UK economy closer to eurozone
UK - Britain's economy has become more closely aligned with the eurozone than many countries that are already members, according to the OECD.
Eurozone economy 'is on the brink of recession'
ARTICLE - The eurozone economy may shrink in the fourth quarter of this year, and there is a risk of outright recession, according to the latest growth indicator produced for the Financial Times, FT Deutschland and Les Echos.
Germany may recover soon from economic shock
GERMANY - A German survey yesterday provided the first sign that the shock to economic confidence in the eurozone after the 11 September attacks in the US might be short-lived.
Britons still hold £540m in eurozone currencies
UK - Britons are hoarding more than £540m-worth of eurozone currencies, but only half the population realises the cash will be impossible to spend after February.
Inflation no longer a threat to eurozone
EUROPE - Wim Duisenberg, president of the European Central Bank, said yesterday, Thursday, the bank's decision to cut interest rates by 50 basis points to 3.25 per cent reflected both a need to prop up battered confidence, and the bank's belief that…
Eurozone inflation dip may smooth ECB move
EUROPE - Annual inflation in the eurozone dipped to 2.4 per cent last month from 2.5 per cent in September, according to a provisional estimate released Monday.
Rate cut row mars summit
GERMANY - The European Union has called for the European Central Bank (ECB) to take "further decisive action" in easing monetary policy in order to boost the eurozone's economy.
Expectations of rate cut up in ECB monthly report
GERMANY - The European Central Bank yesterday strengthened expectations that it will cut interest rates soon by saying the eurozone faced moderate inflationary pressures but continuing risks to economic growth.
Eurozone interest rates remain unchanged
GERMANY - The European Central Bank (ECB) has left interest rates unchanged, despite growing pressure for a cut to boost the flagging eurozone economy.
€ EURO - Most ATMs stand ready
BELGIUM - Five in six automated teller machines (ATMs) in the eurozone will provide euro notes from January 1, the first day of the single currency, a survey by the European Commission has found.
€ EURO - Smaller groups less prepared
BELGIUM - One in five small and medium sized businesses in the eurozone say they will not be able to operate entirely in euros on January 1, the first day of the new currency, according to a European Commission study.
Euro zone rates kept on hold
EUROPE - The European Central Bank (ECB) has kept eurozone interest rates on hold.
Europe's bank confident of quick recovery
EUROPE - The European Central Bank expressed confidence yesterday that the eurozone would recover quickly from an economic slowdown made worse by last week's terrorist attacks in the US.
Central banks boost anti-crisis moves
WORLD - Central banks around the world have stepped up their efforts to minimise the economic and financial-market fallout from the US attacks.