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The Latest Breaking News from eurozone

Eurozone inflation falls to 5.5% in sharp contrast to UK

Economists put reason for divergence down to Brexit and Britain’s energy price guarantee

The Guardian - UK

Alexis Tsipras steps down as Syriza leader after Greek election rout

Leftwing opposition leader who was PM during eurozone crisis says party needs ‘profound renewal’

The Guardian - UK

FTSE 100 posts biggest jump since March as US economy adds 339,000 new jobs – as it happened

US economy added more jobs than forecast last month, with March and April’s data revised higher too, but unemployment rate has jumped to 3.7%

The Guardian - UK

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Spain PM calls snap election after local poll drubbing

MADRID: In a surprise move, Spanish Prime Minister Pedro Sanchez called a snap election on July 23 on Monday, a day after his Socialists suffered a drubbing in local and regional polls.

Bangkok Post

Inflation in the Eurozone: is it persisting or falling?

In 2022, the annual inflation rate hit a record level (8.4%) since the Eurozone’s creation in 1999, mostly because of disruptions in the global supply chain and by the energy crisis provoked by the conflict in Ukraine.

The Conversation

Entering Schengen is 'a huge economic benefit for us': Croatian PM Plenkovic

Talking Europe hosts the Croatian prime minister, who steered his country into the eurozone and the Schengen free travel area at the start of this year. Andrej Plenkovic talks about the symbolic and practical aspects of these two moves, and discusses his government's plans to continue helping Ukraine – despite…

France 24

Croatia takes final steps into EU with open border and euro switch

Common currency was already used for valuations and bank deposits in former Yugoslav country, which joined the EU in 2013

The Guardian - UK

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Third of world could be in recession in 2023, IMF chief warns

Kristalina Georgieva, the managing director of the International Monetary Fund, is warning that this year will be tougher than the last and that the war in Ukraine, rising inflation and higher interest rates will weigh heavily on the global economy. She expects the EU to be particularly hard hit, with…

France 24

Croatia Switches to Euro, Enters Borderless Europe Club

Croatia on Sunday switched to the euro and entered Europe's passport-free zone -- two major milestones for the country after joining the EU nearly a decade ago. At midnight (2300 GMT Saturday) the Balkan nation bid farewell to its kuna currency and become the 20th member of the eurozone. It…

Asharq Al-Awsat

Croatia entered Eurozone, Schengen area

Croatia switched to the Euro and entered the passport-free Schengen area on 1 January, two major milestones for the country after joining the EU nearly a decade ago.

Radio France Internationale

Europe faces new year of political instability and war

Europe ends 2022 with a war in its east, grappling with political uncertainty, and plagued by high inflation. It has been a year many Europeans would prefer to forget.

Newsroom.co.nz

How Britain’s economic woes stack up against Europe’s – a close look at the figures

The UK’s money troubles spread from inflation and higher interest rates to sluggish productivity. But how do we compare with our European neighbours?

The Guardian - UK

Will Scotland need to join the euro to join the EU? What the experts say

FOUR top experts on European politics speak to The National about the claim an independent Scotland would need to adopt the euro to join the EU ...

The National (Scotland)

Italy’s far-right Meloni becomes country’s first woman to lead government

Far-right leader Giorgia Meloni was named Italian prime minister on Friday, becoming the first woman to head a government in Italy. Her appointment is an historic event for the eurozone's third largest economy and for the Brothers of Italy party, which has never been in government.

Radio France Internationale

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ABC News

Italy far-right leader Giorgia Meloni set to be country's first female leader

Ms Meloni's Brothers of Italy party, which has neo-fascist roots, is set to win around 26 per cent of the vote after Sunday's election, while her wider coalition secured a clear majority in parliament.

Radio France Internationale

Meloni's far-right coalition sweeps to victory in Italian general election

Far-right leader Giorgia Meloni said on Monday she was ready to govern for "all Italians" after her eurosceptic populists triumphed in general elections, putting her on course to guide Italy's most right-wing government since World War II.

Foreign Affairs

Italy’s Election Paradox

America and the EU should root for a far-right populist.

The Guardian - UK

Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

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Daily Mirror

Croatia to change currency this year - how it will impact Brits going on holidays

Croatia is swapping its kuna and lipa for euros at the end of the year, meaning it's saying farewell to a national currency that is named after the allusive pine marten

France 24

Eurozone inflation hits record 8.9% despite better-than-expected growth

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia's war in Ukraine, but the economy still managed better-than-expected, if meager, growth in the second quarter.

The Guardian - UK

Eurozone crisis in reverse as southern states scold Germany over gas

Analysis: Southern European countries were unwilling to sign up to homogenous 15% cut in gas

The Guardian - UK

The Guardian view on European democracy: central bankers are villains and heroes

Editorial: The European Central Bank is effectively deciding how much a eurozone government can spend. That can’t last for long

The Guardian - UK

S4 Capital’s share slump means Sir Martin Sorrell has a crisis on his hands

The advertising firm was already low on credit with investors and the latest numbers call its strategy into question

The Independent UK

Croatia poised to clear final hurdle for euro entry

The European Union is set to remove the final obstacles tp Croatia adopting the euro

The Conversation

Five ways that the super-strong US dollar could hurt the world economy

The US dollar has been on a major surge against major global currencies in the past year, recently hitting levels not seen in 20 years. It has gained 15% against the British pound, 16% against the euro and 23% against the Japanese yen.

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