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Euro

Central bank needs to be even more conservative

LONDON — The European Central Bank needs to be "even more conservative" in how it reacts to inflation in order to avoid repeating past mistakes, Governing Council Member Mario Centeno has told CNBC.The central bank is currently under some pressure given that consumer prices have spiked in recent months. Euro zone inflation hit a 10-year high in…
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Euro zone PMIs August 2021: coronavirus, summer travel

Gondolas and gondoliers, one of the characteristic presences of the canals of the city of Venice, have resumed carrying tourists around with small limitations on the number of contemporary passengers to avoid possible infections.NurPhoto | NurPhoto | Getty ImagesLONDON — The euro zone economy lost some momentum in August but is still on track for…
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Euro zone GDP Q2 2021

People sit on the terrace of a restaurant in Rome, Italy, on June 24, 2021.Xinhua News Agency | Xinhua News Agency | Getty ImagesThe euro zone economy expanded in the second quarter of this year as various governments tiptoed around their economic reopening, preliminary data has shown.The 19-member economy grew by 2% in the three months through to…
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EU trumpets vaccine success but warns of variant impact

European Commission President Ursula von der Leyen says the EU has reached a major goal by providing at least one coronavirus shot to 70% of adults across the 27-nation blocBy LORNE COOK Associated PressJuly 27, 2021, 12:44 PM• 3 min readShare to FacebookShare to TwitterEmail this articleBRUSSELS -- The European Union has achieved a major goal of…
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