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Eurozone

Eurozone

The name given to the 16 EU countries who have adopted the Euro as their sole currency. The European Central Bank is responsible for the monetary policy of the Eurozone.

# eurozone - Wednesday 15 August, 2012

From Business ETC Greece

Greece seeks austerity plan extension

The Greek Prime Minister will suggest spending cuts be spread over four years instead of two in his talks with German and French leaders next week.

# eurozone - Tuesday 14 August, 2012

From TheJournal.ie Take 5

The 5 at 5: Tuesday

5 minutes, 5 stories, 5 o’clock…

From Business ETC Yikes!

Eurozone and EU economies shrank in second quarter of 2012

Figures compiled by Eurostat show that economic output in both the eurozone, and the EU as a whole, is down.

# eurozone - Monday 13 August, 2012

From TheJournal.ie Germany

Germany: Support grows for referendum on further EU integration

The government and opposition are both expressing support for a referendum on closer European ties.

From TheJournal.ie Opinion

Column: Want a debt deal? Then let’s pressure the German MPs opposing it

The future of the euro crisis lies in the hands of small groups of politicians abroad, writes Eamon Ryan. Let’s hope our own leaders recognise this.

# eurozone - Wednesday 8 August, 2012

From Business ETC Eurozone

Fall in German exports causes concern over European crisis

Imports were 3 per cent lower in June, following a 6.2 per cent increase the previous month.

# eurozone - Friday 3 August, 2012

From Business ETC Eurozone

Honohan says ECB bond buying move is good for Ireland

Honohan welcomed a yesterday’s comments by ECB President Mario Draghi – saying that it marked an important step for Ireland and the rest of the Eurozone.

# eurozone - Thursday 2 August, 2012

From Business ETC ECB

Draghi: ‘The euro is irreversible – but it’s up to politicians to act’

The ECB president says his bank wants to save the euro, but it can’t exceed the boundaries of what it’s allowed to do.

From Business ETC Bank Of Ireland

Second report predicts 1 per cent growth in Ireland’s economy

Two days after a similar IBEC projection, now Bank of Ireland believes the Irish economy will grow by 1 per cent this year.

From Business ETC ECB

Spain’s debt: will ECB start buying bonds again?

ECB set for crucial meeting today over eurozone debt crisis.

# eurozone - Wednesday 1 August, 2012

From TheJournal.ie Friendly Advice

“Stay out of the eurozone”, top Austrian banker tells Czechs

“The Czech Republic now finds itself in a good situation. It has its own currency and its own monetary policy,” said Andreas Treichl.

# eurozone - Tuesday 31 July, 2012

From TheJournal.ie France

France passes budget that taxes business and the wealthy more

The country’s parliament approved the measures, which barely touched spending, earlier today.

From TheJournal.ie ESM

Ireland to formally ratify ESM Treaty after Supreme Court clearance

Instruments of ratification – the final leg in the approval process – will be formally lodged in Brussels today.

From Business ETC Eurozone

Italian PM Monti sees light at the end of tunnel for Italy, EU

Mario Monti said that the breakthrough summit of European leaders at the end of June had been crucial in resolving the eurozone crisis.

From Business ETC Deutsche Bank

Germany’s Deutsche Bank reports 45pc profit drop

Bank says its net income has dropped from €1.2 billion in Q2 2011 to €661 million.

From Business ETC Every Cloud...

Ireland’s economy to grow thanks to weak euro – IBEC

The employers’ group says the economy will grow by 1 per cent next year, because a weak euro will help exports.

# eurozone - Monday 30 July, 2012

From TheJournal.ie Great Success

Commemorative coins set to ‘celebrate’ the success of the Euro

For the low low price of €70, you too can have your very own set of commemorative Euro coins.

From Business ETC Eurozone

Whatever it takes: Stocks rise as leaders make eurozone pledge

There is speculation that the eurozone bailout fund and the ECB could buy-up Spanish bonds in a bid to alleviate fears about the single currency.

# eurozone - Sunday 29 July, 2012

From Business ETC Eurozone

Merkel and Monti pledge to protect eurozone

Germany and Italy’s leaders have pledged to do everything to protect the eurozone – but have not outlined any specific action.

From Business ETC Eurozone

Germans say they are ‘better off without euro’ – poll

More than 50 per cent of those surveyed said the economy would be better on its own.

# eurozone - Saturday 28 July, 2012

From Business ETC Eurozone

Germany rejects notion that Europe’s bailout fund could buy Spanish debt

Despite promises, no green light has been given to any specific action.

From TheJournal.ie Memories This post contains videos

9 videos that sum-up Ireland’s banking and economic collapse

“We are where we are” and “we all partied”. We look back at those turbulent two years that led us towards Ireland’s current economic state.

# eurozone - Friday 27 July, 2012

From Business ETC Debt Crisis

Explainer: Why is Spain under so much financial pressure?

The cost of borrowing for Spain keeps getting higher – fuelling rumours of needing a full-on bailout.

From Business ETC Uh-Oh

Spain ‘discussed €300bn bailout with Germany’ – Reuters report

Reuters says a Spanish minister broached the idea on Tuesday. If they’re right, Ireland could be hit with a bill for €4.77 billion.

# eurozone - Thursday 26 July, 2012

From Business ETC Eurozone

Mario Draghi: The ECB will do “whatever it takes” to save the euro

Stock markets around the world rocketed after the usually reserved ECB president insisted the euro would not be abandoned.

From Business ETC Bond Markets

Ireland raises €4.19 billion in first return to bond markets

Investors were willing to give us €4.19 billion in loans maturing in 2017 and 2020 – but they come at a cost.

From Business ETC Greece

Barroso visits Athens as Troika starts new Greek debt talks

Team of international debt inspectors to discuss whether Greece keeps receiving financial aid – or if it faces default.

# eurozone - Tuesday 24 July, 2012

From Business ETC Eurozone

Eurozone fears continue as IMF start Greek inspection

Yields on Spanish and Italian bonds hit record highs yesterday as uncertainty in the markets continues.

From Business ETC Negative Outlook

Moody’s issues negative outlook warning for Germany

Ratings agency also revised stable outlooks for the Netherlands and Luxembourg to ‘negative’.

# eurozone - Monday 23 July, 2012

From TheJournal.ie Take 5

The 5 at 5: Monday

5 stories, 5 minutes, 5 o’clock…

From Business ETC Markets

Spanish borrowing costs hit record high

Investor action this morning reflects growing scepticism about efforts to stabilise Spain’s banks.

# eurozone - Friday 20 July, 2012

From Business ETC Spain

No split between banks and sovereign – for now – as Spain secures bailout

The assistance – of up to €100 billion – comes with terms and conditions, while banks and the sovereign haven’t been split just yet.

# eurozone - Thursday 19 July, 2012

From TheJournal.ie Spain

Huge protests erupt across Spain against €65bn austerity cuts

Workers have taken to the streets decrying “robbery”, on the eve of a teleconference to secure Spain’s €100bn bailout.

# eurozone - Sunday 15 July, 2012

From Business ETC Slowdown

Economic slowdown will continue warns Chinese premier

The comments from Wen Jiabao follow news on Friday that China’s economy grew by 7.6 per cent, the lowest since the first quarter of 2009.

# eurozone - Friday 13 July, 2012

From Business ETC Moody's

Moody’s downgrades Italy by two notches

The credit rating agency has downgraded the third largest eurozone economy just hours ahead of its latest bond sale.

# eurozone - Wednesday 11 July, 2012

From TheJournal.ie Spain

Spain announces a further €65bn in cuts

Spain’s Prime Minister has announced a raft of cutting new austerity measures in a bid to save billions of euro over the next two years.

From TheJournal.ie 9 At 9

The 9 at 9: Wednesday

Nine things you need to know this morning…

From TheJournal.ie Eurozone

Ireland may have to wait for money even after bank debt deal

Finance minister Michael Noonan has said there was “absolute support” in Europe for the principle of a deal on Ireland’s debt.

# eurozone - Tuesday 10 July, 2012

From TheJournal.ie 9 At 9

The 9 at 9: Tuesday

Nine things you need to know this morning…

From TheJournal.ie Bank Debt

Eurozone: Irish bank debt will be re-examined by autumn

European ministers have also rubber-stamped an initial €30billion bailout for Spain.