Tag: Euro

Thursday, January 5th 2017 - 09:21 UTC
Marine Le pen calls for new French currency and pledges referendum on EU membership

Front National leader Marine Le Pen has called for a new French currency and pledged to hold a referendum on the country’s membership of the European Union if she is elected French President later this year.
Thursday, October 13th 2016 - 21:11 UTC
Travelers shocked at UK airports: £=€ 99 cents; Lord King says “weak pound is positive”

Many travelers buying foreign currency at the UK's airports are now receiving less than one Euro to the pound, reports the BBC. The continued fall in sterling's value means that the average rate available at 17 airport bureaux de change is now just 99 euro cents to the pound. The worst rate is currently 88 Euro cents at Moneycorp at Southampton airport and the best is €1.06 from the Change Group at Glasgow Prestwick.
Tuesday, June 14th 2016 - 12:04 UTC
ECB purchases 348bn Euros of corporate bonds in the first three days

The European Central Bank bought 348 million Euros of corporate bonds in the first three days of such purchases last week, it said on Monday, as part of its 1.74 trillion Euro scheme to revive growth and inflation. The figures are at the upper end of analyst predictions, indicating a strong start for the program and suggesting that the ECB was keen to show it can buy significant volumes.
Wednesday, July 15th 2015 - 06:40 UTC
Greek parliament must vote on Wednesday Euro zone bailout conditions

Greek Prime Minister Alexis Tsipras says he does not believe in a bailout offered by Euro zone leaders, but is willing to implement it. Tsipras described the deal as “harsh”, but said it was the only way for Greece to remain in the Euro.
Friday, January 23rd 2015 - 06:20 UTC
EU, US and IMF clash over the European economy and the Euro in Davos

Europeans, including IMF chief and Americans clashed on Thursday in Davos during a debate on monetary stimulus that degenerated into a skirmish over the European Union economy and the Euro.
Wednesday, January 21st 2015 - 06:33 UTC
Denmark, following on Switzerland, forecasted to remove Krone's peg to the Euro

Denmark has cut its key interest rate to prevent the Krone from strengthening in the wake of Switzerland's decision to scrap the franc's peg to the Euro. There has been speculation that Denmark could follow the Swiss move by removing the Krone's link to the Euro.
Saturday, January 3rd 2015 - 08:02 UTC
Euro becomes the official currency in Lithuania: 19th member of the zone

The Euro entered circulation in Lithuania on New Year, bringing the number of European Union (EU) Member States using the single European currency to 19. The European Central Bank (ECB) announced that Lithuania also joined its banking supervision under the Single Supervisory Mechanism.
Saturday, January 3rd 2015 - 07:56 UTC
Dragui remarks makes Euro fall to its lowest against the dollar since June 2010

The euro fell Friday to a 4 ½-year low against the dollar after European Central Bank President Mario Draghi indicated the bank could soon back a government bond-buying program to deal with alarmingly low inflation across the 19-country Euro-zone.
Saturday, May 10th 2014 - 00:13 UTC
ECB ready to take action against low inflation and strong Euro, says Dragui

The European Central Bank is ready to take action next month to boost the Euro zone economy if updated inflation forecasts merit it, said ECB president Mario Dragui warning outsiders not to pressure the bank into action.
Monday, February 17th 2014 - 09:23 UTC
Euro-zone growth still fragile but stronger than expected at the end of 2013

Economic growth across the Euro-zone was stronger than expected at the end of 2013, according to official figures, raising hopes the recovery is gaining a foothold. Gross domestic product grew by 0.3% in the October-December period from the previous quarter, said Eurostat, the European Union’s statistics office. That amounts to an annualized rate of about 1.2 %.