The European Union and Croatian flag is seen in Zagreb’s downtown July 1, 2013. REUTERS/Antonio Bronic SARAJEVO, Nov 29 (Reuters) – Croatia, which will enter the euro zone on Jan. 1, passed its first budget in euros on Tuesday, targeting
“Consumer confidence has plunged so badly that the recession will likely not be shallow,” Holger Schmieding, chief economist at Berenberg, told CNBC. Preliminary growth estimates for the region suggest a slowdown in the third quarter from the previous-three month period
PRAGUE, Sept 9 (Reuters) – Euro zone finance ministers agreed on Friday to act together to protect households and companies from soaring energy prices, coordinating their support policies with the European Central Bank to avoid adding to inflationary pressures. The
Speaking earlier this week, ECB President Christine Lagarde struck a hawkish tone. There are growing questions about the future of monetary policy in the euro zone amid fears of a recession in the coming months. Philip Lane, the bank’s chief
Euro zone inflation came in at 8.1% for the month, according to preliminary figures, up from April’s record high of 7.4% and above expectations of 7.8%. Rising prices have been exacerbated over recent months by the war in Ukraine, particularly
As the euro zone prepares to reinstate fiscal rules, a debate has emerged over how best to ensure they reflect the market environment. While countries want leeway for climate-friendly investments, others are adamant that the bloc needs fiscal consolidation. Snow