Euro in crisis

In-depth news, commentary and analysis of the eurozone’s debt crisis and its faltering recovery as it struggles with austerity and attempts to regain competitiveness

Emerging market woes weigh on eurozone

ECB’s Financial Stability Review says vulnerabilities stemming from EM economies have increased

Comment and analysis

Leaders thwarted the private risk-sharing the euro enabled
‘Northern leaders inevitably brought to Brussels their voters’ prejudices about southerners’
– Simon Kuper
The financial crisis peaked in 2008; the eurozone crisis in 2012

Eurozone rescue fund sells 40-year bond

Fund has issued its longest-dated debt to date

Eurozone economic activity at 4-year high

Purchasing managers’ index hits 54.4, up from 53.9 in October

Draghi pledge to boost sluggish inflation

Comments seen as preparing markets for souped-up QE next month

Hints get heavy for ECB’s hard task ahead

Investors ask what more can be achieved by additional stimulus

Eurozone economies see lacklustre growth

German GDP expansion slows to 0.3% but France takes off again

Dip in eurozone industrial production

Figures come ahead of flash estimate for quarterly GDP in region

Mario Draghi hints at expansion of QE

ECB chief strikes dovish tone as inflation prospects weaken

ECB seeks to harmonise bank rules

Central bank faces opposition from some national regulators

Brussels plans deposit guarantee fund

Risk-sharing move to shore up euro set to enrage Berlin

Europe eyes prospect of even lower rates

Economists say a 10bp cut to ECB deposit rate has been priced in

Call to boost eurozone fiscal oversight

Fears that larger countries are bending strict deficit rules

Two big mistakes that ruined Europe

Single currency and expansion made EU take its eye off the ball

Eurozone economy creeps out of deflation

Headline inflation likely to register zero in the year to October

Euro hits seven-week low against yen

Outlook for looser BoJ policy offers euro little respite

ECB triggers powerful market reaction

Investors relish prospect of central bank largesse

Service sector boosts eurozone recovery

Purchasing managers’ index gives strong reading

Draghi sees four threats to eurozone

Dangers to bloc now different from just a year ago

Draghi signals ECB ready to extend QE

Threats to eurozone to be re-examined at December meeting

ECB sees signs of thaw in bank lending

Growth in business loans boosts eurozone recovery hopes

Better no fiscal union than a flawed one

If this is the kind of integration on offer, better to say no

Renzi challenges EU to approve tax cuts

Italy’s prime minister seeks to boost recovery with shift away from spending reductions

ECB keeps faith in eurozone recovery

Policymakers want more time to decide whether to lift €1.1tn QE

Spain faces Brussels rebuke over budget

Commission to warn over deficit targets and call for more cuts

Italy pushes for eurozone jobless scheme

Finance minister says proposal a big step towards risk-sharing

Regling plays down Greek debt expectations

Loan terms are the most concessionary ‘in world history’

Eurozone deflation stirs talk of QE boost

Energy cost slide of 8.9 per cent drives fall in prices

Brussels likely to end Spanish bank probe

Lenders would no longer have to raise billions in extra capital

Macron calls for radical eurozone reform

French economy minster eyes euro bloc treasury and parliament

Draghi cautious on more QE

Weaker recovery expected even as economic activity picks up