Europe News
Greeks fear another recession, just four years after the country exited its controversial bailout
Workers demonstrate against soaring cost of living in central Athens earlier this year. Louisa Gouliamaki | Afp | Getty Images Nearly four years after Greece celebrated the end of its complicated bailout program, its people are growing increasingly concerned about their economic prospects once again. The darkening public mood comes as Greece — like many […]
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The race to make green hydrogen competitive is on. And Europe is building industrial-scale electrolyzers to help
One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a renewable source then some call it “green” hydrogen. Alex Kraus | Bloomberg | Getty Images Siemens Energy and Air Liquide have announced plans to set up a joint […]
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To avert Putin’s growing influence, EU urged to pay more attention to the Balkans
Kosovo President Vjosa Osmani-Sadriu tells CNBC that EU enlargement is a question of geopolitical strategy and security. Anadolu Agency | Anadolu Agency | Getty Images BRUSSELS — The European Union needs to pay more attention to the Balkans to prevent Russian President Vladimir Putin increasing his influence there, Kosovo President Vjosa Osmani-Sadriu told CNBC Wednesday. The 27 […]
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‘No need for any concern’: Germany plays down fears of economic fragmentation in Europe after bond yields soar
German Minister of Finance Christian Lindner said there is no need for concern about the stability of the euro zone. John Thys | Afp | Getty Images LUXEMBOURG — There is no need for markets to be worried about the stability of the euro zone, Germany’s finance minister told CNBC Thursday following a recent surge […]
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European Central Bank to create new tool to address fragmentation risk after bond yields surge
Christine Lagarde, President of the European Central Bank. The central bank scheduled an emergency meeting to address higher bond yields. John Thys | Afp | Getty Images The European Central Bank announced Wednesday that it plans to create a new tool to tackle the risk of euro zone fragmentation, in a move designed to assuage […]
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European Central Bank announces emergency meeting to discuss market rout
Christine Lagarde, President of the European Central Bank. The central bank has scheduled a last-minute meeting amid rising bond yields. Daniel Roland | Afp | Getty Images The European Central Bank announced an unscheduled monetary policy meeting for Wednesday, at a time when bond yields are surging for many governments across the euro zone. “They […]
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Europe’s fear gauge just hit its highest level since May 2020
Italian borrowing costs are surging at a time when consumers are turning more worried about the cost of living crisis. Stefano Guidi | Getty Images News | Getty Images A measure known as Europe’s fear gauge has hit its highest level since the coronavirus outbreak, in what could spell out further economic pain for Italy […]
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Zelenskyy hails troops as chemical plant sheltering civilians hit in eastern Ukraine
Ukrainian President Volodymyr Zelenskyy speaks on June 6, 2022. As bitter fighting raged in the city of Sievierodonetsk, Ukraine’s president hailed his country’s fighters for defying Russian forces in his country’s eastern Donbas region. Ukrainian Presidency | Anadolu Agency | Getty Images As bitter fighting raged in the city of Sievierodonetsk, Ukraine’s president hailed his country’s […]
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Russia doesn’t have extra oil for new deals with two Indian buyers: Reuters, citing sources
An illuminated logo sits on display above the Rosneft Oil Co. pavilion on June 5, 2019. Russia’s Rosneft is holding back on signing new crude oil deals with two Indian state refiners, three sources with knowledge of the matter said, as it has committed sales to other customers. Andrey Rudakov | Bloomberg | Getty Images […]
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OECD slashes global growth prediction on Ukraine war and China’s zero-Covid policy
The OECD estimates that global gross domestic product [or GDP] will reach 3% in 2022 — a 1.5 percentage point downgrade from a projection done in December. Nurphoto | Nurphoto | Getty Images The Organization for Economic Cooperation and Development has become the latest international institution to cut its predictions for global growth this year. […]
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