european-economies
Top StoriesEuro Zone October PMI Adds to Evidence Bloc Is Heading for Recession
Top StoriesFrench, German Meeting Postponed as Cracks Emerge Over Energy, Defence
Top StoriesDozens of LNG-laden Ships Queue Off Europe’s Coasts Unable to Unload
Top StoriesEU Emergency Oil Stocks Still Low in July After IEA’s Joint Releases
Euro Zone Posts Record Trade Deficit in August Amid Soaring Energy Prices
Date: October 14, 2022
BRUSSELS (Reuters) – The euro zone posted in August its largest trade deficit since it expanded to 19 countries in 2015, as high energy prices boosted its import bill, official estimates released on Friday showed. The European Union’s statistics office Eurostat said that the euro zone’s balance for trade in goods with the rest of...
EU’s Debt Laggards Are Hurting the Fight Against Inflation, Austria Says
Date: October 12, 2022
VIENNA (Reuters) -Excessive debt in some EU countries is hampering the fight against inflation, Austria’s finance minister said on Wednesday, adding that his country would soon press the worst offenders to get their affairs in order. Austria, a member of the EU’s self-styled “Frugal Four” alongside Denmark, Sweden and the Netherlands, has long pressured other...
Austria Plans to Bring Budget Deficit Within 3% of GDP Next Year
Date: October 12, 2022
VIENNA (Reuters) – Austria plans to bring its budget deficit within the European Union’s limit of 3% of gross domestic product in 2023, a finance ministry presentation published shortly before Finance Minister Magnus Brunner’s budget speech said on Wednesday. The presentation showed the budget deficit shrinking from 5.9% of GDP last year to 3.5% this...
Demand for German, European Union Debt Sales Weakens in Volatile Market
Date: October 11, 2022
By Yoruk Bahceli (Reuters) – Germany and the European Union saw demand weaken in long-dated debt sales that raised a combined 14 billion euros, demonstrating the challenges for borrowers in a market rattled by the ramifications of Britain’s budget and the potential for further debt issuance to tackle the energy crisis. Germany raised 3 billion...
EU Countries Eye Deal on More Energy Measures Within Weeks
Date: October 10, 2022
By Kate Abnett BRUSSELS (Reuters) – European Union countries will seek a November deal on more emergency measures to tackle high gas prices, officials said, although countries still disagree on what form those measures would take and whether they should cap gas prices. As Europe heads into a winter of scarce Russian gas supplies and...
EU Sees More Work Ahead to Implement Russian Oil Price Cap
Date: October 7, 2022
By Gabriela Baczynska BRUSSELS (Reuters) -The European Union on Thursday gave a final approval to its eighth batch of sanctions against Russia for its invasion of Ukraine, but said implementing a price cap on Russian seaborne oil included in the package required more work. The sanctions will block 7 billion euros ($6.9 billion) worth of...