Germans Turn Against Brussels, Less Than Three in Ten See EU Membership as Beneficial
The mood in Germany has turned negative towards Brussels, with just 29 per cent of Germans seeing membership in the EU as an advantage.
The mood in Germany has turned negative towards Brussels, with just 29 per cent of Germans seeing membership in the EU as an advantage.
Europe’s economy failed to expand at the end of 2023 amid higher energy prices, costlier credit and a downturn in former powerhouse Germany.
Germany’s economy shrank 0.3%, struggling with expensive energy, higher interest rates, lack of skilled labor and a homegrown budget crisis.
EU lowers economic growth forecast year and next. Inflation hits people’s willingness to spend in shops, rates restricting credit.
The European economy scraped out meager growth of 0.1% in the first three months of the year, barely gaining momentum.
The creation of a Eurozone-wide digital currency is to be discussed at a secretive meeting of EU bankers this week, a report has claimed.
FRANKFURT, Germany (AP) – The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more to come, underlining its drive to subdue inflation even as the European economy slows and the U.S. Federal Reserve eases its pace of increases.
FRANKFURT, Germany (AP) – The European Central Bank is set for another large interest rate increase to fight painfully high inflation even after the U.S. Federal Reserve slowed its pace, a divergence that underlines Europe’s later start and could speed the euro’s rebound from recent lows against the dollar.
Croatia is to be the latest European nation to abandon its financial independence in exchange for integration within the European system.
Cryptocurrencies like Bitcoin should be banned due to their “excessive ecological footprint”, a top European Central banker said this week.
Riots broke out in Athens as thousands of people protested in response to the soaring inflation rates befalling the country.
The European Union has warned left-separatist Scottish leader Nicola Sturgeon she must “legally commit” to adopting the euro currency if she wants Scotland to rejoin the EU after breaking with the United Kingdom.
Europe is now looking at the possibility of “social unrest” should the continent be hit with a cold winter this year, the head of the International Monetary Fund (IMF) has now warned.
The euro has fallen below parity with the dollar, diving to its lowest level in 20 years, ending a one-to-one exchange rate with the dollar.
The head of Poland’s central bank has claimed that Germany is eyeing up ways of seizing territory lost to Poland after the end of the Second World War.
Inflation within the Eurozone has hit yet another record high as the currency bloc struggles to deal with the ongoing gas crisis.
Nearly 90 per cent of investors globally now expect Europe to fall into recession as the possibility of Moscow cutting off the continent from Russian gas becomes more likely.
An elected representative within the European parliament has accused the EU of trying to tax its population out of poverty.
Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs.
Ireland’s Prime Minister has told the public that they are in for a “difficult” winter as energy supplies across Europe begin to dwindle
The European Central Bank predicted the region will not fall into stagflation, following previous claims that inflation would be “temporary”.
The head of Europe’s ECB has claimed that crypto assets are “worth nothing”, but that a future centrally controlled digital Euro would be valuable.
The price of wheat in Europe has hit a new record high, with an export ban on the product in India prompting further shortage fears.
German inflation hit its highest level in over fourty years, as the economic fallout from lockdowns and the war in Ukraine continues to bite.
Less than half of those living in the European Union trust it as an institution, a new study conducted by the bloc itself suggests.
There are difficult months ahead for Eurozone nations, with the head of Europe’s ECB warning that the ongoing Ukraine Crisis poses ‘significant’ dangers to the currency union.
Diesel prices in Germany have hit record levels, as the energy crisis currently plaguing Europe continues.
Inflation numbers in the Eurozone hit a record high of five per cent in a single month in December, topping the previous record set the month before as high energy prices are believed to be driving the trend.
A German Member of the European Parliament (MEP) has suggested that the founders of BioNTech, which developed the Pfizer vaccine, should be put on Euro currency banknotes.
The Euro — the centralised currency of the European Union — is to turn 20 years old on January 1st, 2022.
The vice-president of the European Central Bank has said that current inflation is not ‘as temporary’ as initially expected.
Some of Britain’s favourite biscuit brands, such as Jaffa Cakes, are set to jump in price by up to 5 per cent as inflation soars in the UK.
Inflation within the Eurozone hit nearly 5 per cent in November, the highest level recorded since the Euro was introduced in 1999.
Eurozone inflation rose to 2.0% in May, driven higher by rising oil prices as other inflationary pressures appeared to remain subdued.
A Member of Parliament for the left-separatist Scottish National Party (SNP) stoked controversy by saying it would “totally” accept dropping the pound for the euro and policing a hard border with England as the price of rejoining the European Union.
The International Monetary Fund (IMF) has predicted that Brexit Britain will grow faster than the Eurozone as well as the United States by next year, despite having one of the steepest contractions of any major Western nation during the Chinese
The 19 countries that use the euro are expected to lag China and the U.S. in bouncing back from the worst of the pandemic.
Unemployment rose for a fifth straight month in Europe in August, narrowing the gap with the U.S. The continued rise in unemployment across the continent is feeding concerns that extensive government support programs won’t be able keep many businesses hit
All across Europe economies are in far deeper contractions than the U.S.
European Commissioner Frans Timmermans has warned that the financial repercussions of the Wuhan coronavirus could be worse than the 2008 financial crisis and could lead to the breakup of the EU.