# Eurozone

Water has settled in the welcome sign with the Euro symbol at the south entrance of the headquarters of the European Central Bank (ECB). Photo: Frank Rumpenhorst/dpa +++ dpa-Bildfunk +++
Water has settled in the welcome sign wi […]

Eurozone inflation falls into negative territory, unemployment rises

Inflation rates within the Eurozone countries have seen a decrease in the previous month of August. Nonetheless, unemployment rates across the different EU countries have increased.
(FILES) In this file photo taken on October 8, 2019 Irish Finance Minister Paschal Donohoe gestures during a photo call prior to presenting his Budget 2020 to parliament, at Government Buildings in Dublin. - Irish finance minister Paschal Donohoe was picked as the new president of the Eurogroup on July 9, 2020, which brings together the eurozone finance ministers who help guide European economic policy. (Photo by Paul FAITH / AFP)
(FILES) In this file photo taken on Octo […]

Ireland’s Donohoe takes leadership of Eurogroup amid historic recession

Irish finance minister Paschal Donohoe has been picked as the new president of the Eurogroup, a key role as Europe sits in the depths of its deepest recession since World War II
(FILES) (COMBO) This combination of file pictures made on June 10, 2020, shows (L-R) Luxembourg's Finance Minister Pierre Gramegna on December 4, 2017, in Brussels; Spain's Minister for Economic Affairs Nadia Calvino on June 8, 2018, in Madrid; and Ireland's Finance Minister Paschal Donohoe on October 8, 2019, in Dublin. - The new head of the Eurogroup will replace Mario Centeno, Portugal's soft-spoken finance minister who is stepping down after just two-and-a-half years. Luxembourg's Finance Minister Pierre Gramegna, Spain's Nadia Calvino, and Ireland's Paschal Donohoe, are among three names strongly rumoured to replace Centeno. (Photo by AFP)
(FILES) (COMBO) This combination of file […]

Eurozone picks new chief as pandemic recession looms

Who will be the next Eurogroup president? Eurozone finance ministers will meet to elect a new president, filling a key job just as the continent is facing the worst recession in EU history.
Cranes operate at a construction site on Berlin's Friedrichstrasse on August 21, 2019. - The 25.300 square-meter site in central Berlin, which includes the old Tacheles artist colony (building 2nd from L), is being redeveloped to include retail space, offices and residential units, designed by Swiss architects firm Herzog & De Meuron. (Photo by John MACDOUGALL / AFP)
Cranes operate at a construction site on […]

Eurozone economy to crash 8.7% in 2020: EU forecast

The eurozone economy will plunge 8.7% in 2020 due to the coronavirus crisis, the European Commission said in more pessimistic forecasts that do not see a complete rebound next year
People wearing face masks walk past a Euro sign in front of the European Central Bank (ECB) headquarters in Frankfurt am Main, western Germany, on April, 24, 2020 amid the coronavirus pandemic. Photo: Yann Schreiber / AFP
People wearing face masks walk past a Eu […]

Europe boosts aid to virus-hit economies as UN seeks ‘people’s vaccine’

The European Central Bank has ramped up efforts to help its coronavirus-hit economies as the UN's chief called for a "people's vaccine" to battle the pandemic
German Chancellor Angela Merkel arrives to address a joint press conference with French President Emmanuel Macron, who attends via video link, at the Chancellery in Berlin, Germany, on May 18, 2020 on the effects of the novel coronavirus COVID-19 pandemic. (Photo by Kay NIETFELD / POOL / AFP)
German Chancellor Angela Merkel arrives […]

French-German recovery plan faces tough Brussels test

The road to clinch an EU recovery plan remains difficult, officials have warned, despite the surprise entente between Berlin and Paris to back a 500 billion euro rescue
A person wearing a protective face mask walks by the EU Commission building bearing a banner that reads "Coronavirus Global Response" in Brussels on May 6, 2020, as the country is under lockdown to stop the spread of the Covid-19 pandemic caused by the novel coronavirus. (Photo by Kenzo TRIBOUILLARD / POOL / AFP)
A person wearing a protective face mask […]

Europe’s ‘historic’ recession threatens eurozone survival

The EU has forecast that the eurozone economy will contract by a staggering 7.7 percent in 2020, warning the wreckage from the coronavirus outbreak could endanger the single currency
Young people from all over Europe call out "No more hot air" in front of the Federal Chancellery during a demonstration against youth unemployment in Europe. Photo: Kay Nietfeld/dpa
Young people from all over Europe call o […]

Eurozone unemployment falls slightly to reach the lowest rate since May 2008

The unemployment rate in the European Union has dropped in August, in comparison to the previous month and the same month last year. This rate is in fact the lowest joblessness rate the eurozone has reached since May 2008.