Hungary will not adopt euro to avoid deeper integration with EU — Viktor Orban

The Hungarian government currently has no plans to introduce the single European currency, the euro, in the country, as it does not wish to create even closer links with the European Union, which is under threat of disintegration, Hungarian Prime Minister Viktor Orban said in an interview published by the Hungarian Chamber of Commerce and Industry in the Economx Money Talks podcast.

After Croatia adopted the euro suddenly prices hiked by up to 50 percent and rising energy costs

 

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Eurobond holders approve Ukraine's proposal to defer payments - Finance Ministry

(Interfax) - Ukraine has received necessary approval from Eurobond holders to defer payments and maturity periods on Eurobonds for two years, the Ukrainian Finance Ministry said in a statement on Euronext Dublin.

"Gazprom" stopped gas supplies to Latvia

Gazprom has stopped gas supplies to Latvia. This was reported on July 30 in the company's Telegram channel.

German coalition talks collapse after FDP withdraws

The three-party exploratory talks for the formation of Germany's new government failed late Sunday night after the Free Democratic Party (FDP) pulled out due to unbridgeable differences in immigration and energy.

Berlin, Paris create bilateral working group to improve euro zone integration

The German and French finance ministers announced on Monday the creation of a working group aimed at improving interaction within member states of the European Union that use the euro as their official currency.

Euro Is Dead: Marine Le Pen Calls for Return to French National Currency

Euro is a "burden" for French economy, the country needs to be able to control its national currency, Le Pen said in her interview with the Parisien newspaper.

Romanian gov't postpones euro adoption target

Romanian Prime Minister Sorin Grindeanu said Monday that swapping the Romanian leu for the euro may be possible when incomes in the country catch up with other eurozone states.

EU leaders embrace multi-speed Europe amid tensions

France, Germany, Italy and Spain have backed the idea of a multi-speed EU, as the 28-nation bloc prepares to mark 60 years since its founding treaty.

Les marchés asiatiques dans le rouge suite au référendum italien

Après la victoire massive du «non» au référendum italien suivie de la démission annoncée de Matteo Renzi, les marchés boursiers décrochent en Asie. En cause, les inquiétudes sur l’état de la troisième économie de la zone euro.

Renzi: I will resign after referendum defeat

Italian Prime Minister Matteo Renzi announced early Monday that later in the day he will present his resignation to the country's president, Sergio Mattarella, after his defeat in the referendum held on the weekend.

‘No’ vote widens gap between Greece and other euro zone countries (Valdis Dombrovskis)

The place of Greece is and remains in Europe, but the “no” vote on July 5 has widened the gap between Greece and other euro zone countries, European Commission vice president for the euro Valdis Dombrovskis said on July 6.

Italy's 5-Star attacks euro, north-European 'nazism'

Italy's anti-establishment 5-Star Movement on Friday called on southern European countries to unite against the euro and the policies of northern European "nazism" which are destroying their economies.

Global markets: Dollar touches 11-year peak as euro gains fade

The dollar rose in choppy trading today, with an index that tracks the greenback against major currencies touching an 11-year peak.

Malta FinMin: Germany, others ready to let Greece leave euro zone (Scicluna's comments apparently made on Thursday)

The European Union's biggest countries may be prepared to see Greece leave the euro zone due to growing impatience with its new government's debt demands, Maltese Finance Minister Edward Scicluna told the weekly Malta Today.

Greek finance minister: Euro will collapse if Greece exits (Sharp response from Italian Economy Minister Pier Carlo Padoan)

If Greece is forced out of the euro zone, other countries will inevitably follow and the currency bloc will collapse, Greek Finance Minister Yanis Varoufakis said, in comments which drew a rebuke from Italy...

Poland to Join Eurozone After 2020. (But first it is needed to wait for the improvement of the situation in the eurozone itself)

WARSAW, October 11 - Poland will be able to join the eurozone no sooner than 2020, Poland’s Deputy Prime Minister and Economy Minister Janusz Piechocinski said Saturday.

"It turned out, as we now see, that we will be in the euro area after 2020, unless there is a major crisis in the world economy," Piechocinski told Polish radio station RMF FM.

Holders of Argentina eurobonds appeal US Judge Griesa ruling

Holders of euro-denominated Argentine bonds have appealed judge Thomas Griesa's ruling blocking the country from making payments on their debt, according to a court filing.
In a notice filed in Manhattan federal court, lawyers for the bondholders challenged an Aug. 6 ruling from US District Judge Griesa that Argentina cannot pay the bondholders until it also pays holdout investors who refused to restructure their debt in the wake of Argentina's 2001-2002 default.

Η ΕΚΤ και το «τέλος του καπιταλισμού»

Tο βλέμμα των αγορών και του πολιτικού κόσμου είναι σήμερα στραμμένο στη Φρανκφούρτη, όπου όλοι αναμένουν από τον Μάριο Ντράγκι ένα ισχυρό μήνυμα για την τόνωση της ανάπτυξης στην Ευρώπη και κυρίως στον ευρωπαϊκό Νότο. 

Θα είναι και αυτή τη φορά αποτελεσματικό το «νομισματικό κανόνι» του Μάριο Ντράγκι, διερωτώνται οι περισσότεροι αναλυτές παραπέμποντας στο θετικό προηγούμενο του καλοκαιριού του 2012, όταν ο πρόεδρος της ΕΚΤ, με μία πρόταση, διαβεβαίωσε τους πάντες ότι η «ευρωτράπεζα» θα κάνει τα πάντα για να εγγυηθεί την σταθερότητα του κοινού νομίσματος.

Commission urge Member States to accelerate economic reforms

Commission on Monday warned governments across the bloc to do more to reform their economies to prevent a rerun of problems that fueled the region’s debt crisis and nearly destroyed the euro currency union....

The concern is that some countries, in particular France and Italy, are not moving fast enough to reduce their budget deficits. European Union officials have already granted France extra time to meet the targets that all member countries have agreed to....

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Remarks by President Barroso on the Country Specific Recommendations 2014

Press conference, Brussels, 2 June 2014: