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Friday 22 September 2023 Dublin: 9°C

# Eurozone

Last week
10th September 2023 - 16th September 2023
ECB hikes interest rates to record high after 10th straight increase
The latest price hike sees interest rates rise by 0.25%.
Last month
August 2023
Consumer prices in Ireland estimated to have increased by close to 5% in the year to August
Consumer prices are also estimated to have increased by a ‘hefty’ 0.5% in the month since July.
This year
Enforcement against Big Tech 'failing' in Ireland as EU demands 'tougher sanctions'
The ICCL has said that a lack of funding is not the issue causing Ireland’s “failure” to enforce data protection laws.
Rodrygo fires Real Madrid to Cup glory, Bayern pile pressure back on Dortmund
Former Gunner Serge Gnabry scored his second goal in two games while in Italy, the Milan clubs both won ahead of their Champions League showdown.
EU leaders insist eurozone banking sector is stable as shares plunge
Shares in several German, French and British banks have tanked.
European Central Bank hikes interest rates for sixth time since last summer
The base interest rate in Ireland will now rise to 3%.
Eventful night for Mbappe, Barca and Bayern win as Cancelo makes immediate impact
The France and PSG star missed a penalty – twice – and came off injured as PSG won at Montpellier.
Last year
Paschal Donohoe set for second term as Eurogroup president after running unopposed
After much speculation on the impact of the upcoming cabinet reshuffle on the government’s efforts to remain at the helm of the Eurogroup, Donohoe is set to continue on as president.
Paschal Donohoe asks Eurogroup members to re-elect him as president
He is bidding for another term despite plans for the Cabinet reshuffle to take him out of the Finance portfolio.
Inflation has reached 8.6% since start of 2022, but lower than Eurozone average
The Eurozone average reached to 10% followed a 9.1% rise in August.
Tracker mortgages set for increase as ECB hikes interest rates by record 0.75 percentage points
The ECB is already playing catch-up with US and British central banks that started raising rates faster in response to inflation.
Soaring energy prices lead to record Eurozone inflation as Gazprom suspends gas to Germany
The European Central Bank is expected to raise interest rates at its next meeting on 8 September.
Euro hits new 20-year low, fighting to stay above US dollar
Weak economic data have raised further fears of recession.
EU financial oversight of Greece ends 12 years after bailouts
Athens will now have greater control over its domestic economic policy.
Tracker mortgage rates to rise after ECB hike interest rates by 0.5%
The bank is trying to respond to soaring inflation but those on tracker and variable rates will likely face an increase.
Euro strikes dollar parity as fears mount of a eurozone recession
The European single currency briefly hit exactly one dollar, its lowest level since December 2002.
No sign of new living cost measures before Budget as Taoiseach says recession is a 'not a given'
Finance minister Paschal Donohoe added that cost of living is causing a ‘very rapid fall in living standards’ for many.
Croatia ready to adopt euro currency in 2023, says EU
Croatia’s switch from the kuna to the euro will come less than a decade after the former Yugoslav republic joined the European Union.
Irish inflation hits 8.2%, above Eurozone average, as Sinn Féin proposes cash payment for workers
Inflation in the eurozone is at its highest level since recordkeeping for the euro began in 1997.
Eurozone inflation hits record high of 7.5% as growth slows amid Ukraine war
The figure is the highest recorded by the European statistics office since the publication of this indicator began in January 1997.
All time
Economic recovery from pandemic expected to be slower in Europe than US or China
The International Monetary Fund predicts slower growth for Europe after second and third waves of Covid-19 cases.
Ulster says go: Bank's decision to exit was in the wind — but why is it happening now?
Ulster Bank’s long goodbye creates major headaches for policymakers.
Uncapped duo stay in Ireland squad for Germany showdown as Roche one of seven to miss out
Vera Pauw has finalised a 23-strong squad for the top-of-the-group clash in Essen.
EU leaders remain divided on plans for a €750 billion recovery fund ahead of a vital summit meeting
Dutch prime minister Mark Rutte leads a bloc of countries opposed to the deal.
The European Commission has slashed Irish and eurozone growth forecasts
But the Commission expects the Irish economy to grow by 6.25% next year.
'Europe must emerge stronger from this crisis': A message from EU Presidents von der Leyen, Sassoli and Michel
On Europe Day, marking the Schuman declaration in 1950, the three presidents of the EU, Commission and Parliament share thoughts on Covid-19 and the future for Europe.
EU leaders fail to agree a Covid-19 stimulus package
“We cannot make the same mistakes of the 2008 financial crisis,” Spain’s Prime Minister Pedro Sanchez warned.
Candidates are out making their last pitches for your vote before the broadcast ban kicks in
Meanwhile more than 2,000 people on islands off the west coast are entitled to vote today.
Uefa set to launch third European club competition
It’s about time the Intertoto Cup was brought back.
Eight years and €289 billion later, Greece exits its final bailout today
The country is not out the woods though and its people are still feeling austerity.
'We need to see if we have learned those lessons, so it's a huge week for us'
The painful memories of two semi-final defeats last year are driving Leinster on towards Scarlets this weekend.
Connacht handed tough draw in next season's Challenge Cup
The western province will be in a pool with Brive, Worcester Warriors and Oyonnax.
If Marine Le Pen wins election, her prime minister will be a far-right eurosceptic
Could a Frexit be on the cards?
Euro surges despite Le Pen making second round of French elections
The French vote was being closely watched as a bellwether for populist sentiment.
Greek Finance Minister takes sly dig at creditors by sending Scrooge-themed Christmas cards
Euclid Tsakalotos said “our wishes go beyond all the Ebenezers of this world.”
Tough Champions League opener for Wexford Youths but reasons for optimism
The dominant force in Irish women’s football have two more group matches this week.
'Good for Ireland': Germany's top court rules that the ECB can 'print money'
The challenge to the bond-buying plan could have ended the single currency.
You better spend your €500 notes quickly, the big purple one could soon be scrapped
The note is seemingly being “used more for hiding things than buying them”.
We've found 73 MILLION old £20 notes behind the couch since the euro arrived
€4.1 billion in punts, overall. That’s a hell of a lot of Communion money.
These are 5 things that could wreck Ireland's economy all over again
The OECD has a lot to say about where the country is headed in its latest survey.