The Latest Breaking News from eurozone

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

The Guardian - UK · Jul 1, 2022

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

Irish Mirror · Jun 30, 2022

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 · Jun 29, 2022

Why a new eurozone crisis now looks a distinct possibility

The European Central Bank (ECB) has confirmed speculation that it will become the latest central bank to start raising headline interest rates to try to ward off inflation. The bank is to raise rates by 0.25 points to 0.25% for lending and -0.25% for deposits, with plans for another rise…

The Conversation · Jun 9, 2022

With Inflation on Rise, ECB Readies Tougher Action

The European Central Bank is set to announce the end date to its bond-buying stimulus on Thursday, as concerns over the accelerating pace of inflation in the eurozone grip policymakers. The stop is a prelude to the ECB hiking rates for the first time in over a decade in the…

Asharq Al-Awsat · Jun 9, 2022

Deflation to War: How the ECB Responded and What is Next

The global surge in inflation has brought to an end a long period of low interest rates and forced central banks around the world to try to bring prices under control by raising borrowing costs. Inflation in the eurozone soared to an all-time peak of 8.1 percent in May, precipitating…

Asharq Al-Awsat · Jun 6, 2022

France's economy shrinks as Eurozone braces for rates hike amid fears of fuel, food shortages

France's economy has contracted over the first quarter under the impact of soaring inflation, increasing the risk for President Emmanuel Macron in key legislative elections that get underway in less than two weeks' time.

Radio France Internationale · May 31, 2022

Eurozone inflation hits record 8.1% amid rising energy costs

Inflation in the 19 countries that use the euro currency hit a record 8.1% amid surging energy costs prompted in part by Russia’s war in Ukraine

The Independent UK · May 31, 2022

One in 10 European Households Invest in Cryptocurrencies

Nearly one in 10 European households has invested in crypto assets, an ECB (European Central Bank) study published Tuesday said, highlighting high demand for the risky investments, which witnessed significant devaluation this month. These novel assets lure middle class people, but “it is worth nothing. It’s not a safe investment,”…

Asharq Al-Awsat · May 26, 2022

Eurozone inflation hits new high as growth slows amid Ukraine war

Ukraine war takes toll on European economies using the euro as inflation reaches record levels and output weakens.

Al Jazeera · Apr 29, 2022