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

ECB set to decide on QE ‘early next year’

Bank says it can pull trigger on bond buying if needed

Comment and analysis

Ingram Pinn illustration
The crisis left a grim legacy, and the answers are likely to be unorthodox
– Martin Wolf
The EURO logo is pictured in front of the European Central Bank, ECB in Frankfurt/Main, central Germany, on November 6, 2014. The European Central Bank held its key interest rates unchanged at its regular monthly policy meeting. AFP PHOTO / DANIEL ROLAND ©AFP
It is logically inconsistent for the eurozone to enter secular stagnation and not restructure
– Wolfgang Münchau
©Alastair Muir
No country can run huge surpluses without inciting taxpayer revolt, says Barry Eichengreen

Juncker to unveil €315bn EU programme

Seed money will include €16bn from Brussels budget

Dovish Draghi boosts hopes of ECB stimulus

Central bank president says bond-buying will provide respite

Eurozone recovery slows to 16-month low

Purchasing managers’ index suggests activity will remain weak

ECB warns of ‘pessimism’ risk to recovery

Chief economist says governing council prepared for further steps

France urges ‘real money’ for EU

Economy minister calls for injection of up to €80bn

Brussels eyes €300bn investment funds

Commission aims to attract private capital for infrastructure

Eurozone economy returns to growth

France and Germany expanded in third quarter while Italy shrank

Hopes for eurozone bank lending misguided

Austerity policies have been administered in unprecedented doses

Be wary of the consensus on euro

General view is the currency is going down against dollar

Eurozone policy makers braced for weak growth figures

Analysts expect the bloc to have expanded by 0.1% in third quarter

Lew warns of European ‘lost decade’

US Treasury secretary attacks allies’ economic policies

Party mood eludes Europe’s debt bankers

Little bond issuance to celebrate after eurozone stress tests

Trichet had to get tough with Dublin

If France or Italy defies an ECB ultimatum, the eurozone could again be thrown into deep crisis, writes Peter Doyle

Germany plans €10bn extra public spending

Berlin gives in to calls for more investment to help avert threat of eurozone recession

ECB ready to inject €1tn extra liquidity

Support for unconventional measures unanimous, says Draghi

ECB threatened to end Irish bank funding

Trichet made lending conditional on Dublin seeking bailout

Portugal attacked as bailout reforms flag

‘Troika’ raises concerns about growth outlook

Irish debt sale to pay down IMF loan

15-year bond priced at yield of 2.49%, below equivalent UK gilt

Brussels cuts 2015 eurozone forecasts

Big downgrades for Germany and France

EU leaders weigh Greek exit from bailout

Countries split on whether IMF should retain oversight

Eurozone manufacturing still sluggish

Final PMI survey comes in just above crucial 50 reading in October

Pace of eurozone companies reshoring rises

Increasing wages in emerging markets cut offshore advantages

Eurozone inflation edges up in October

Figure remains well below the ECB’s policy target

Largest economies must fix the eurozone

Only peer pressure, opprobrium and fear will shake leaders up

Europe’s banks too feeble to spur growth

One doubts whether the capital in eurozone institutions is enough to drive the economy forward

Stress tests will not cure the eurozone

A dysfunctional banking system should no longer be fatal for growth

Markets brace for ECB stress tests

European financials gain in run-up to results

Eurozone business activity expands

Increase in October confounds market expectations

ECB bond-buying plan risks falling short

Investors doubt policy makers can achieve aims