EUROZONE
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EY: Eurozone Bank Lending Growth Expected To Decline In 2023 And 2024
Growth in bank lending across the eurozone is forecast to slow from a 14-year peak in 2022 (of 5%) and record modest gains of 2.1% in 2023 and 1.7% in 2024, as demand for loans across the region drops, according to the latest EY European Bank Lending Economic...
EY: Number Of Eurozone Businesses And Households Unable To Repay Their Bank Loans Set To Rise
The number of eurozone businesses and households unable to make repayments on their bank loans is set to rise, according to the first EY European Bank Lending Economic Forecast.
European Commission Expects Eurozone GDP To Contract 7.8% In 2020
The European Commission’s autumn 2020 economic forecast projects that the euro area economy will contract by 7.8% in 2020 before growing 4.2% in 2021 and 3% in 2022.
President: Romania Will Not Accede To The Eurozone Too Soon
Romanian President Klaus Iohannis said Thursday that Romania’s adoption of the euro will not happen soon due to internal delays, though also announced that he will restate the country’s inte...
Romania's 2019 Euro Adoption Target Unfeasible, Says Central Bank
Romania's target to adopt the single European currency in 2019 is no longer feasible and the country needs a clear timeline, agreed nationwide, before setting a target, central bank governor...
Romania Central Bank Sees 2022-2023 As Reasonable Target For Euro Adoption
Romania's central bank assesses the country could reach a decent real convergence level to enter the eurozone in 2022-2023, while keeping nominal convergence elements, but the single currenc...
Erste: Romania Should Wait At Least Until 2021 To Join Eurozone
Romania’s target date to join the euro area in 2019 seems rather ambitious considering that the country is still far from meeting the real convergence criteria and, Austrian bank Erste said...
EBRD: Romania Highly Exposed To Eurozone Spillover Risks
Romania’s economy remains vulnerable to shocks from the eurozone and a possible quarterly contraction of 1% in the region would have a negative impact on the local output of 2% quarter-on-qu...
Brussels Postpones Decisions, Tension Mounts, Romania Looks For Shield
European leaders failed to find a solution on Sunday and postponed all decisions for Wednesday. President Basescu’s statements upon his departure for Brussels create fears: the cost of Roman...