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Energy costs jumped 26%, Eurostat reports, while food price increases also contributed to European inflation

Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

Work remains to reinforce the shared currency, finance ministers say

Flag of the European Community in front of the Eurotower in Frankfurt am Main

ECB president Christine Lagarde said that the economic outlook in the short term "remains clouded by uncertainty"

EU flags waving in front of European Parliament building. Brussels, Belgium

Comments today from the European Central Bank sent the euro lower against the dollar

British pounds isolated on a white background.

Outlook for the euro and pound

EU flags waving in front of European Parliament building. Brussels, Belgium

ECB head Mario Draghi said the bank was ready "to adjust all of its instruments'' in case of unexpected trouble

EU flags waving in front of European Parliament building. Brussels, Belgium

CPPIB will contribute 450 million euros


Germany is the European Union’s economic powerhouse. The country has had 16 consecutive quarters of GDP growth—its longest upswing since 1991—and is enjoying its lowest unemployment rate since reunification in 1990. Germany’s solid growth has continued this year despite political challenges to Chancellor Angela Merkel’s leadership, with more jobs and higher wages driving consumer spending. […]

  • By: Sharon Ho
  • September 21, 2018 September 20, 2018
  • 12:00

With U.S. growth revised upward due to government spending and tax cuts, markets have priced in three Fed rate hikes for 2018. That’s allowed the U.S. dollar to put up a fight against global currencies despite a deficit projected to surpass US$1 trillion in 2019. “Generous long-end spreads versus still-low overseas yields are providing enough […]

  • By: Staff
  • March 14, 2018 September 12, 2018
  • 15:32

European Central Bank head Mario Draghi says the expanding eurozone economy still faces “risks and uncertainties”— including a looming trade dispute with the United States—and has cautioned that inflation needs to rise further before monetary stimulus is ended. Draghi said Wednesday that higher inflation, not growth, is the “very clear condition” for the central bank […]