european-economies
Top StoriesRussia Maintains Gas Deliveries as Europe Considers Fresh Sanctions
Top StoriesRussia Maintains Gas Deliveries as Europe Considers Fresh Sanctions
Top StoriesEurope Can Learn Lessons From 1970s Oil Shock as Rationing Looms
Top StoriesItaly’s Draghi Discussed Idea of Italy-Spain Pipeline With Sanchez
European Shares Slip as U.S. Reserve Release Plan Pressures Oil Stocks
Date: March 31, 2022
By Susan Mathew (Reuters) – European shares slipped in choppy trade on Thursday, widening a quarterly loss that would be the first in two years, as oil stocks slid on news that the United States was considering tapping into its oil reserves. The pan-European stock index was down 0.1%, as of 0941 GMT, after early...
EU Leaders Struggle for Deal on Energy Crunch Fix
Date: March 25, 2022
By Sabine Siebold and John Irish BRUSSELS (Reuters) -European Union leaders struggled on Friday to agree on steps to ease the energy market crunch exacerbated by Russia’s invasion of Ukraine, seeking difficult compromises on how to limit the impact for hard-hit consumers of soaring gas and oil prices. Discussions on the second day of a...
Diesel Shortage in Europe Threatens to Slow Economic Growth
Date: March 24, 2022
By Bozorgmehr Sharafedin and Rowena Edwards LONDON (Reuters) – European economies face the risk of a shortage of diesel, the preferred fuel for heavy industry, as sanctions on Russian energy threaten to disrupt imports while supply from elsewhere remains limited. Russia is Europe’s largest supplier of diesel and related fuels, sending over three quarters of...
EU Raises Over 12 Billion Euros in Debt Sale as Market Watches for Potential New Borrowing
Date: March 22, 2022
By Yoruk Bahceli (Reuters) – The European Union raised over 12 billion euros ($13.24 billion) in a debt sale on Tuesday, as investors wait to see if the bloc will unveil a new joint borrowing plan to tackle member states’ funding needs following the invasion of Ukraine. The bloc drew over 59 billion euros in...
Analysis-Climate Goals Take Second Place as EU States Cut Petrol Prices
Date: March 22, 2022
By Gavin Jones ROME (Reuters) – A growing number of European countries are cutting fuel taxes to lower surging pump petrol prices. The move brings respite to motorists but environmentalists say it flies in the face of commitments to curb global warming. Rising international oil costs, exacerbated by the war in Ukraine, have driven petrol...
EU May Discuss More Borrowing Option in a Few Weeks -Gentiloni
Date: March 22, 2022
By Jan Strupczewski BRUSSELS (Reuters) – The European Union will discuss in a few weeks whether it needs to jointly borrow more money in response to the challenges created by Russia’s invasion of Ukraine, European Economic Commissioner Paolo Gentiloni said on Tuesday. France and Italy have been pushing for the EU to jointly borrow more...