Tag Archives: euro

ECB stress tests on banks amid the coronavirus crisis

A sign of the Eurosystem’s monetary authority is located outside the headquarters of the European Central Bank. Bloomberg | Bloomberg | fake pictures Banks in the euro area could soon face difficulties if the current crisis deepens and erodes their capital positions, Andrea Enria, chairman of the European Central Bank’s …

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Eurozone PMIs recovered in July

Andrey Rudakov | Bloomberg | fake pictures Business activity in the euro zone rebounded in July, according to preliminary data, as tight coronavirus blockades were further relaxed and more people returned to work. In June, the region had already shown signs of a recovery with PMIs (Purchasing Managers Index) reaching …

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The unemployment rate in the euro area rises to 7.4% in May

A protester at the picket line wears a written helmet without layoffs during a demonstration in Spain. SOPA Images The unemployment rate in the euro zone reached 7.4% in May, as the region is dealing with the Covid-19 economic shock. It comes after several European economies took their first steps …

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