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The Latest Breaking News from eurozone

Spain PM calls snap election after local poll drubbing

MADRID: In a surprise move, Spanish Prime Minister Pedro Sanchez called a snap election on July 23 on Monday, a day after his Socialists suffered a drubbing in local and regional polls.

Bangkok Post

Inflation crashes the party as ECB marks 25 years

Frankfurt (Germany) (AFP) - The European Central Bank celebrates its 25th anniversary Wednesday but soaring inflation in the eurozone threatens to put a damper on festivities at the Frankfurt-based financial institution.

AFP

Inflation in the Eurozone: is it persisting or falling?

In 2022, the annual inflation rate hit a record level (8.4%) since the Eurozone’s creation in 1999, mostly because of disruptions in the global supply chain and by the energy crisis provoked by the conflict in Ukraine.

The Conversation

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Bulgaria pushes back eurozone bid to 2025

Sofia (AFP) - Bulgaria is pushing back its goal of joining the eurozone from 2024 to 2025, the finance minister said Friday, as the Balkan nation faces a fifth election in two years.

AFP

European equities rise on hopes of inflation slowdown

London (AFP) - European stock markets rose Monday as investors set aside Asian losses and forecast easing inflation in Britain and the United States, dealers said.

AFP

Entering Schengen is 'a huge economic benefit for us': Croatian PM Plenkovic

Talking Europe hosts the Croatian prime minister, who steered his country into the eurozone and the Schengen free travel area at the start of this year. Andrej Plenkovic talks about the symbolic and practical aspects of these two moves, and discusses his government's plans to continue helping Ukraine – despite…

France 24

Croatia takes final steps into EU with open border and euro switch

Common currency was already used for valuations and bank deposits in former Yugoslav country, which joined the EU in 2013

The Guardian - UK

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Third of world could be in recession in 2023, IMF chief warns

Kristalina Georgieva, the managing director of the International Monetary Fund, is warning that this year will be tougher than the last and that the war in Ukraine, rising inflation and higher interest rates will weigh heavily on the global economy. She expects the EU to be particularly hard hit, with…

France 24

Croatia adopts euro, enters borderless Europe club

Zagreb (AFP) - Croatia on Sunday switched to the euro and entered Europe's borderless zone -- two steps Prime Minister Andrej Plenkovic called a "historic moment" for his country that joined the European Union nearly a decade ago.

AFP

Croatia Switches to Euro, Enters Borderless Europe Club

Croatia on Sunday switched to the euro and entered Europe's passport-free zone -- two major milestones for the country after joining the EU nearly a decade ago. At midnight (2300 GMT Saturday) the Balkan nation bid farewell to its kuna currency and become the 20th member of the eurozone. It…

Asharq Al-Awsat

Croatia switches to euro, enters borderless Europe club

Zagreb (AFP) - Croatia on Sunday switched to the euro and entered Europe's passport-free zone -- two major milestones for the country after joining the EU nearly a decade ago.

AFP

Croatia entered Eurozone, Schengen area

Croatia switched to the Euro and entered the passport-free Schengen area on 1 January, two major milestones for the country after joining the EU nearly a decade ago.

Radio France Internationale

Croatia set to enter euro, borderless Europe club

Zagreb (AFP) - Croatia was counting the last hours Saturday before switching to the euro and entering Europe's passport-free zone -- two milestone steps for the country since joining the EU nearly a decade ago.

AFP

Europe faces new year of political instability and war

Europe ends 2022 with a war in its east, grappling with political uncertainty, and plagued by high inflation. It has been a year many Europeans would prefer to forget.

Newsroom.co.nz

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The Guardian - UK

How Britain’s economic woes stack up against Europe’s – a close look at the figures

The UK’s money troubles spread from inflation and higher interest rates to sluggish productivity. But how do we compare with our European neighbours?

AFP

Croatia prepares for euro switch amid soaring inflation

Zagreb (AFP) - With inflation mounting and precarious geopolitical headwinds rattling Europe, Croatia hopes that its upcoming switch to the euro will bring some semblance of protection to the Balkan country in an uncertain world.

The National (Scotland)

Will Scotland need to join the euro to join the EU? What the experts say

FOUR top experts on European politics speak to The National about the claim an independent Scotland would need to adopt the euro to join the EU ...

AFP

Far-right Meloni seeks to reassure in first speech as Italy PM

Rome (AFP) - New Italian Prime Minister Giorgia Meloni outlined her programme for government on Tuesday, reaffirming her support for the EU, NATO and Ukraine and presenting herself as a steady hand to guide her country through turbulent times.

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AFP

New PM Meloni confirms Italy's place in Europe, NATO

Rome (AFP) - New Italian Prime Minister Giorgia Meloni set out her programme for government on Tuesday, reaffirming her support for the EU and Ukraine and promising to boost economic growth while rejecting Fascism.

Radio France Internationale

Italy’s far-right Meloni becomes country’s first woman to lead government

Far-right leader Giorgia Meloni was named Italian prime minister on Friday, becoming the first woman to head a government in Italy. Her appointment is an historic event for the eurozone's third largest economy and for the Brothers of Italy party, which has never been in government.

ABC News

Italy far-right leader Giorgia Meloni set to be country's first female leader

Ms Meloni's Brothers of Italy party, which has neo-fascist roots, is set to win around 26 per cent of the vote after Sunday's election, while her wider coalition secured a clear majority in parliament.

Radio France Internationale

Meloni's far-right coalition sweeps to victory in Italian general election

Far-right leader Giorgia Meloni said on Monday she was ready to govern for "all Italians" after her eurosceptic populists triumphed in general elections, putting her on course to guide Italy's most right-wing government since World War II.

AFP

Far-right heading for power after Italy vote: exit polls

Rome (AFP) - Far-right leader Giorgia Meloni came top in Italian elections on Sunday, the first exit polls suggested, putting her eurosceptic populists on course to take power at the heart of Europe.

Foreign Affairs

Italy’s Election Paradox

America and the EU should root for a far-right populist.

The Guardian - UK

Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

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