The Latest Breaking News from eurozone

Greek Finance Minister Kyriakos Pierrakakis has been elected as president of the Eurogroup — a move that would have been unthinkable just 10 years ago, when the country was in the throes of a deep financial crisis that almost saw it tossed out of the eurozone altogether

Mass protests have gripped the country just weeks before it is due to join the eurozone

Tens of thousands gathered across Bulgaria on Wednesday to demand Prime Minister Rosen Zhelyazkov's resignation, with protesters accusing the government of widespread corruption. The demonstrations come weeks before Bulgaria joins the eurozone on 1 January.

The accolade comes from British weekly The Economist, which ranked the 36 richest countries in the world. Luís Montenegro calls the recognition a “fair recognition to the merit and hard work of the Portuguese people”.

The dollar index (DXY00 ) on Monday rose by +0.09%. The dollar shook off early losses on Monday and moved higher due to a jump in T-note yields, which strengthened the dollar’s interest rate differentials. The dollar’s near-term upside is limited amid expectations that the Fed will cut the federal...

Euroclear, the custodian of the immobilised Russian assets, has criticised the reparations loan for Ukraine as fragile, unpredictable and risky. In Brussels, the German chancellor holds a crisis meeting with the Belgian prime minister to find a compromise and break the deadlock on the proposal.

A proposal to declare Italy’s gold as the property of the people could undermine central bank independence, warned the ECB.

Bulgarian government says it is permanently withdrawing a controversial budget proposal after another night of major protests in Sofia and beyond.

Bulgaria’s government said Tuesday it is withdrawing a controversial budget proposal after protests against it drew tens of thousands of people and saw clashes between police and protesters

Inflation figures from some of the biggest eurozone economies, including France, Spain, and Italy, show no immediate threat of price hikes. However, German inflation figures came in unexpectedly high.

A one-line amendment in Italy’s 2026 Budget has reopened the question of who controls the country’s $300 billion gold reserves, potentially threatening central bank independence.