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The Latest Breaking News from eurozone

World Economy Faces More Pain in 2023 after a Gloomy Year

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters.

Asharq Al-Awsat

Ray Dalio says Europeans have a ‘lower than average work ethic’ that’s making the euro zone a declining power

Dalio said the eurozone "appears to be a strong power in gradual decline."

Fortune

Abandoned village with 44 homes, hostel and swimming pool on the market for £227,000

The current owner of Salto de Castro, located on the border with Portugal in the province of Zamora, wanted to transform the village into a tourist spot but could not succeed due to the Eurozone crisis

Daily Mirror

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European Central Bank hikes interest rates, fuelling recession fears

ECB chief Christine Lagarde notes concerns but warns of further hikes to tackle soaring eurozone inflation

The Guardian - UK

ECB warns of 'looming recession'

FRANKFURT: The European Central Bank announced another jumbo interest rate hike on Thursday and said further increases would follow to combat soaring inflation, even as its president, Christine Lagarde, warned a eurozone recession was looming.

Bangkok Post

ECB again Eyes Jumbo Rate Hike to 'Tame Inflation Beast'

The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring. Inflation in the 19-nation eurozone climbed to an all-time high of nearly 10 percent in September, five times…

Asharq Al-Awsat

Eurozone rocked by record inflation as prices soar 10 percent

Eurozone consumer prices skyrocketed by a record 10 percent in September, according to official data released on Friday. Inflation has reached double digits on the back of soaring energy prices caused by Russia's war on Ukraine.

Radio France Internationale

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Eurozone interest rates must continue to rise, says European Central Bank

Decision about how to fight inflation follows increase by unprecedented 0.75 percentage points

The Guardian - UK

ECB raises interest rates across eurozone by record margin

European Central Bank sets aside recession fears to increase rates by 0.75 of a percentage point to 1.25%

The Guardian - UK

ECB announces major increase in eurozone interest rates

The ECB lifted its deposit rate to 0.75% from zero and raised the main refinancing rate to 1.25%, which is their highest level since 2011

Dublin Live

European Central Bank unveils the biggest interest rate hike in its 24-year history

The super-sized interest rate hike comes at a staggering moment for the eurozone economy.

Axios

Pressure mounts on ECB for a more aggressive rate hike as inflation hits record 9.1%

Rate-setting meeting is due next week for the shared currency area

Evening Standard

Is global inflation nearing a peak?

New US data suggests that the worst of inflation may be over after a tough year of price increases.

Al Jazeera

Eurozone inflation hits record high of 8.9% as energy prices soar

Cost of living crisis comes as 19-member currency bloc beats growth forecasts in second quarter

The Guardian - UK

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Evening Standard

Eurozone inflation hits 8.9% record high

Data will add pressure on the European Central Bank to hike rates in September

Radio France Internationale

ECB hikes interest rates for the first time in more than a decade as outlook darkens

The European Central Bank brought an end to the era of negative interest rates in the eurozone, with a bigger than expected half-point hike, intended to combat soaring inflation. ECB President Christine Lagarde has warned of a darkening economic outlook.

Axios

Europe's central bank surprises markets with bigger-than-expected rate hike

The move comes as the eurozone faces record-high inflation and a huge economic blow from Russia’s invasion of Ukraine.

The Guardian - UK

European Central Bank raises interest rates for first time in 11 years

Bank surprises markets with 0.5 percentage point rise as inflation reaches 8.6% in eurozone

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The Independent UK

Europe's central bank to join global push for higher rates

The European Central Bank is ready to join the U.S. Federal Reserve and the Bank of England in a global rush to raise interest rates and put a lid on galloping inflation

The Independent UK

Italy political turmoil a headache for Europe's central bank

Italy's political turmoil is making life harder for the European Central Bank as it hikes interest rates and raising bad memories of the eurozone debt crisis a decade ago

The Guardian - UK

Russian war slowing growth and hiking inflation, European Commission warns

Body revises economic forecast and says outlook for EU and eurozone heavily dependent on course of war

The Guardian - UK

Inflation in eurozone hits record 8.6% as Ukraine war continues

ECB plans first interest rate rise in 11 years as food prices increase and Putin’s invasion drives up energy costs

Irish Mirror

Irish shoppers pay far more for food and booze than EU as true extent of 'rip-off Ireland' laid bare

The rip-off Republic prices have led Labour finance spokesman, Ged Nash, to call on the consumer protection regulator to step in to investigate

Dublin Live

Ireland has second highest food prices in Eurozone, new figures show

All food items in Ireland with the exception of fish were above the EU average

Dublin Live

Top economist's ominous warning as he predicts 'serious food shocks'

New CSO figures showing that Ireland has the second most expensive food prizes in the Eurozone, a whopping 17% above the average

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