Euro zone
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Europe to Wind Down Latvian Bank Targeted by U.S. Over Sanctions
EghtesadOnline: European authorities will close ABLV Bank AS, the Latvian lender facing U.S. accusations of money laundering tied to North Korea that’s central to the political scandal shaking…
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Stronger currency shrinks euro zone trade surplus in August
EghtesadOnline: Euro zone’s trade surplus shrank in August as the stronger euro fueled an import boom that was only partly offset by a rise in exports, official estimates released on Monday showed.
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Hot and cold: Euro zone grows but inflation slows
EghtesadOnline: Data in the coming week should confirm the euro zone economy is running hot, after the IMF upgraded growth forecasts and Greece returned to the debt market, although inflation…
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So, is it actually the euro zone that's strong and stable?
EghtesadOnline: The deluge of cash poured into the euro zone economy in recent years by the European Central Bank appears to have finally resulted in solid - and more importantly, steady - economic…
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French election relief sends Europe soaring
EghtesadOnline: Euro zone stocks headed for their best day in almost two years and the euro briefly vaulted to five-month peaks on Monday, after the market's favored candidate won the first round…
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Gold Sinks Most in More Than Seven Weeks as French Tension Eases
EghtesadOnline: Gold sank the most in more than seven weeks as investors returned to riskier assets on speculation pro-growth centrist Emmanuel Macron will become France’s next president after…
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Euro zone factories struggled to meet soaring demand in March: PMI
EghtesadOnline: Factories across the euro zone struggled to keep up with demand last month despite increasing activity at the fastest rate in nearly six years, according to a survey that showed…
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Euro zone economy: real recovery or another Sirens' song?
EghtesadOnline: Over the years, euro zone economic growth has been a bit like the Sirens in Homer's Odyssey: singing a song of promise, only to end up pulling you onto the rocks. Will it be different…
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Euro zone, IMF agree on a common stance on Greece: official
EghtesadOnline: Euro zone lenders and the International Monetary Fund have agreed between themselves to present a common stance to Greece later on Friday in talks on reforms and the fiscal path…
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EU Inflation Highest in 3 Years
EghtesadOnline: Surging oil prices caused inflation in the 19-country euro zone to spike in December to its highest rate in more than three years, official figures showed Wednesday.
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Prices rise and businesses grow, but ECB probably not for turning
EghtesadOnline: A sharp rebound in euro zone inflation and a better-than-expected business outlook are certain to fire up demands from some hardliners for the European Central Bank to choke off…
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New Year, new high for euro zone stock markets
EghtesadOnline: Euro zone stocks opened 2017 by climbing to their highest in more than a year on Monday after data showed manufacturers in the currency bloc ramped up activity at the fastest…
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Euro zone factories entering 2017 in good shape, PMI shows
EghtesadOnline: Manufacturers in the euro zone started 2017 on a solid footing, after ramping up activity at the fastest pace in more than five years in December and building up a burgeoning…
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German Ifo think tank chief says Italy risks quitting euro zone
EghtesadOnline: The head of Germany's Ifo economic institute believes Italians will eventually want to quit the euro currency area if their standard of living does not improve, he told German…
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Euro zone to unblock Greek short-term debt relief deal in Jan
EghtesadOnline: Euro zone finance ministers, the Eurogroup, will unblock the now suspended short-term debt relief measures for Greece in January after Athens reassured euro zone lenders it would…
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Euro zone lenders confident on quick solution on Greek debt spat: source
EghtesadOnline: Greece's euro zone lenders are confident a solution can be found shortly on reactivating short-term debt relief measures that were suspended after Athens decided to make an unexpected…
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ECB's Lane says monetary economics not broken in Europe
EghtesadOnline: Monetary economics has not broken down in the euro zone and a gradual recovery from the bloc's debt crisis will allow interest rates eventually to normalize, European Central…
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Household, government spending support euro zone in the third-quarter
EghtesadOnline: Household and public sector spending supported euro zone growth in the third quarter as the impact of foreign trade turned negative, the European Union's statistics Eurostat said…
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Renzi to resign after referendum rout, leaving Italy in limbo
EghtesadOnline: Italian Prime Minister Matteo Renzi announced on Monday that he would resign after suffering a resounding defeat in a referendum over constitutional reform, leaving the euro zone's…
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Italian instability is not start of euro zone crisis: Eurogroup head
EghtesadOnline: Political instability in Italy makes life more difficult for Italy and the whole euro zone, but is not the start of new euro zone crisis, the chairman of euro zone finance ministers…
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Greece needs reforms, not debt relief: Germany's Schaeuble
EghtesadOnline: Structural reforms rather than debt relief will help Greece to achieve sustainable growth and stay in the euro zone because rates and repayment are putting hardly any burden on…
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German finance minister wants ESM to be budget watchdog for euro zone states: newspaper
EghtesadOnline: German Finance Minister Wolfgang Schaeuble told a German newspaper he wanted the euro zone bailout fund - the European Stability Mechanism - to be given responsibility for monitoring…
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EU will not release more bailout money for Greece this month: paper
EghtesadOnline: The euro zone will not release additional bailout money for Greece at a meeting in Bratislava this month, Germany's Handelsblatt Global reported on Sunday, citing European Union…
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Euro zone return to inflation confirmed as food prices surge
EghtesadOnline: A modest uptick in euro zone inflation in July was confirmed by data on Friday which showed food prices surging over the year, although overall price indices still fell in 12…