Disappointing data indicating the Eurozone economy contracted in the third quarter of 2023 has prompted analysts to forecast “sluggish growth” throughout the monetary union for at least two years. And Germany, traditionally the European Union’s economic powerhouse, is “struggling”, the UK-based Centre
In the latest humiliation for EU leaders, new data has revealed that big-hitters France and Germany are dragging the eurozone towards a grim recession. It comes as business activity in the bloc is at its lowest level in three years. Meanwhile excluding
Eurozone: Christine Lagarde outlines ECB plans for first rate hike With the Eurozone’s money supply shrinking for the first time since 2010, a banking expert has said Europe’s economy has been damaged by what he called “incoherent financial vandalism”. Bob Lyddon also
Former chief Brexit negotiator Michel Barnier has said that Britain leaving the EU was a “lose-lose” game. His sly dig at the UK comes after the Eurozone slumped into a recession. Following a steep fall in Germany, Eurostat’s official figures show the
The eurozone entered into a technical recession at the start of the year, according to latest data, which has signalled a loss of growth in the single currency area, with Germany being branded the “problem child” according to an economic analysis company.
An old row over the economic struggles of the eurozone could resurface and see once again Northern member states lock horns with Southern nations of the bloc. Inflation eased only slightly in the 20 countries that use the euro currency as the
The European Central Bank’s decision to raise interest rates in the Eurozone is likely to lead to a collapse of the Euro and to a severe economic crisis in Italy, analysts have warned. Some described the ECB’s policy decision as “kamikaze” and