ECB hikes interest rates in 10th salvo to quash inflation
The European Central Bank raised interest rates again, acting for the 10th consecutive time to choke inflation out of the euro zone’s increasingly feeble economy.
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EC reshuffles as Vestager eyes top job at European Investment Bank
Margrethe Vestager has taken leave from her role in the European Commission to try for the presidency of the European Investment Bank (EIB).
MEPs unconvinced as ECB pushes ‘digital euro’
European Parliament members remain unconvinced about the benefits of a “digital euro” despite the best efforts of the European Central Bank.
Austria calls for cash use in stores to be made a ‘constitutional right’
The Austrian Government has announced plans to enshrine the right to use physical cash as part of the country’s constitution.
EC quizzed over legality of cash-ban in EU shops
Questions have been raised over the legality of shops in the European Union refusing to accept anything other than digital payment methods, with the European Commission…
Lagarde ‘sorry’ after online Euro design survey crashes within hours
The President of the European Central Bank (ECB) Christine Lagarde has been forced to apologise after an online survey launched by the organisation crashed within…
Eurozone enters recession
The Eurozone is officially in recession, according to data released by Eurostat on June 8, after the 20-nation bloc suffered two consecutive quarters of economic…
EU economy dragged down by recession in Germany
The European Union’s biggest economy is in trouble, as new figures reveal Germany has officially entered a period of recession that puts the country in “the…