european-economies
Top StoriesExplainer-How Could Europe Cap Surging Energy Prices?
Top StoriesBelgium Supports Energy Price Caps, Suspending Trading in EU Power Crunch
Top StoriesHeavy Norwegian Gas Maintenance Adds to Energy Price Pressure
Top StoriesTotalEnergies, Eni Announce Major Cyprus Gas Find
European Stocks Eye Worst Day in Over a Month on Looming Energy Crisis
Date: August 22, 2022
By Anisha Sircar (Reuters) -European shares were on Monday set for their worst day in more than a month as worries about tightening gas supplies from Russia, hawkish signals from the European Central Bank and weak economic outlook weighed on investors’ minds. The continent-wide STOXX 600 fell 1.1% in morning trade to touch its lowest...
Euro Zone Q2 Growth Revised Down Slightly, Employment Rises
Date: August 17, 2022
By Jan Strupczewski BRUSSELS (Reuters) -Euro zone economic growth was slightly less robust in the second quarter than forecast but still strong, and employment rose again, revised data from the European statistics office showed on Wednesday. Eurostat said gross domestic product in the 19 countries using the euro rose 0.6% quarter-on-quarter in April-June for a...
European Bourses Steady as Focus Remains on Key Economic Data
Date: August 17, 2022
By Anisha Sircar (Reuters) – European shares on Wednesday were little changed amid persisting recession fears, with investors eyeing growth and inflation data due this week for clues about the region’s economic health and the monetary policy outlook. The pan-European STOXX 600 hovered near 10-week highs in a choppy trading session. Food and beverage stocks...
Greece to Exit EU’s ‘enhanced Surveillance’ Framework After 12 Years
Date: August 10, 2022
ATHENS (Reuters) – Greece will exit the European Union’s so-called enhanced surveillance framework on August 20, its finance minister said on Wednesday, a move that will allow the country greater freedom in making economic policy. Greek economic developments and policy have been monitored under the framework since 2018, after Athens exited three international bailouts, totalling...
Meloni’s Party Won’t Jeopardise Italy Recovery Plan Funds – Founder
Date: August 5, 2022
MILAN (Reuters) -The far-right Brothers of Italy party, leading in polls ahead of next month’s election, will not jeopardise Italy’s access to a European Union-funded investment programme, one of the party’s founders was quoted as saying on Friday. Prime Minister Mario Draghi’s resignation last month has paved the way to early elections on Sept. 25,...
European Gas Storage on Track to Meet Target but at a Cost
Date: August 4, 2022
By Bozorgmehr Sharafedin LONDON (Reuters) – European countries are on track to reach a gas storage filling target by the start of this winter, but the cost of replenishing stocks will be over 50 billion euros ($51 billion), 10 times more than the historical average of filling up tanks for winter. European governments had been...