european-economies
Top StoriesAnalysis:’Nobody’s Perfect’: German Economy, Engine of Europe, Splutters
Top StoriesAirbnb Obliged to Provide Information to Tax Authorities, EU Court Adviser Says
InvestingEuropean Shares March Higher on Auto, Commodity Boost
InvestingEuropean Shares Fall as Strike in Norway Fuels Fears of Energy Crisis
We’ll Be With You on ‘long Road’ to Membership, EU Tells Ukraine
Date: July 1, 2022
BRUSSELS/KYIV (Reuters) – Ukraine now has a “very clear European perspective” but the road to EU membership will take time and require hard work, the president of the EU executive told the country’s parliament on Friday. EU leaders last week granted Ukraine candidate status to join the bloc, formally opening a process that is expected...
Exclusive: Europe Ready for Baltics Emergency Switch-Off From Russian Grid
Date: June 30, 2022
By Andrius Sytas and Marek Strzelecki VILNIUS/WARSAW (Reuters) – European grid operators are ready to implement immediately a long-term plan to bring the Baltic states, which rely on the Russian grid, into the European Union system in the event Moscow cuts them off, three sources familiar with the matter told Reuters. Concern about depending on...
Power Companies Ask EU to Step in on Spanish Profit Claw-Back Plan
Date: June 27, 2022
By Isla Binnie MADRID (Reuters) – Groups representing some of Europe’s biggest energy companies have asked the European Union to intervene over Spain’s plan to take profits from carbon-free power plants that are deemed to have benefited from a rally linked to fossil fuel, a letter seen by Reuters showed. Spain says older emissions-free plants...
EU Plan for Life Without Russian Gas a Priority as Leaders Meet
Date: June 24, 2022
By Jan Strupczewski and Kate Abnett BRUSSELS (Reuters) -EU leaders will on Friday discuss how to respond to soaring energy prices and the threat of a total cut-off of Russian gas, accusing Moscow of “weaponising” energy via a supply squeeze that Germany warned could partly shut down its industry this winter. A day after celebrations...
Spanish Q1 Economic Growth Slows to 0.2% Q/q, 6.3% Y/y, Data Shows
Date: June 24, 2022
(Reuters) -The Spanish economy grew 0.2% in the first quarter of 2022, slowing from a 2.2% growth rate in the last three months of 2021, final official data showed on Friday. On an annual basis the economy expanded 6.3%, after rising 5.5% in the fourth quarter of 2021, statistics agency INE said. The growth rate...
Eu, Norway Agree to Increase Gas Deliveries as Russian Cuts Deepen
Date: June 23, 2022
By Kate Abnett and Nora Buli BRUSSELS/OSLO (Reuters) – The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe’s biggest producer to the EU’s 27 countries, nearly half of which are now grappling with cuts to Russian gas supplies. Brussels said on Thursday that 12 EU member states...