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Euro news

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EUR/USD Rebound in Danger Ahead of Euro-Zone and US GDP Data
Euro-Zone economic data has improved lately versus economist's expectations, which might imply an upside surprise is possible today.
Euro zone growth halves as France sees sharp slowdown in spending  CNBC
Euro zone economic growth slows in quarter before Brexit  Reuters
IMF lambasts how it handled Greece and the euro zone crisis
The International Monetary Fund (IMF) missed signs of a banking calamity, lacked independence and failed to hold countries to account, the organization's internal watchdog said in a report that sharply criticized its handling of the euro zone debt crisis.
IMF admits disastrous love affair with the euro and apologises for the ...
IMF's Internal Watchdog Rebukes the Fund for Its Handling of Euro Crisis  Wall Street Journal (blog)
Euro-Area Growth Slowed Before U.K. Vote Put Outlook at Risk
Euro-area growth slowed in line with economists' projections in the second quarter, underpinning an assessment by the European Central Bank that patience is needed to judge what kind of damage Brexit will inflict on the 19-nation region.
Euro zone economy resilient to Brexit so far  Reuters
Italy is imploding in slow-motion — and it could signal the end of the euro
The crisis is 'the consequence of the longest and deepest recession in Italy's history', as the governor of the Italian central bank, Ignazio Visco, recently stated.
Euro zone bank sector better equipped to handle stress: ECB  Reuters
Italy's oldest bank gets 5 billion euro rescue
Italy's oldest bank has just clinched a multi-billion dollar rescue after flunking a test of its financial strength. Banca Monte dei Paschi di Siena (BMDPF) announced on Friday night that it had found a "definitive solution" to its legacy of bad loans ...
UBS plan for Monte dei Paschi proposes 3 bln euro cash call - paper  Yahoo Finance
Pound Falls Most in Two Weeks Versus Euro as BOE Rate Cut Looms
The pound dropped the most in two weeks against the euro as traders anticipated that the Bank of England will lower interest rates for the first time in more than seven years when it announces its latest policy decision on Aug. 4. Sterling fell versus ...
Sterling falls vs stronger euro as minds turn to BoE  Business World (press release) (blog)
For this summer's euro zone crisis, head to Italy
It wouldn't be summer without a crisis in the euro zone, and following the U.K.'s vote to leave the European Union, we are likely to have a second, this time with an Italian flavour.
Monte dei Paschi contacts banks to back 5 billion euro cash call: source  Reuters
Dollar Down Versus Yen, Up on Euro
The dollar was mixed against major currencies Tuesday, gaining against the euro but falling sharply versus the yen a day before the Federal Reserve concludes its monetary policy meeting.
Forex - Euro rises to 2-week highs vs. dollar
Mercedes to create 2500 jobs at new 1 billion euro Hungary plant
FRANKFURT: German luxury car maker Mercedes-Benz said on Friday it would spend one billion euros ($1.1 billion) on a large new factory in Hungary, creating around 2,500 jobs.
Tottenham's Euro 2016 stars return to training after being given extended break
Tottenham's Euro 2016 contingent are edging their way back to full fitness after being given an extended summer break. Belgium internationals Moussa Dembele and Jan Vertonghen along with England's Dele Alli, Danny Rose and Kyle Walker, were left out ...