Economy of the European Union

By Angeline Benoit & Alessandro Speciale

Euro-area economic confidence fell more than forecast, Spanish consumer prices dropped the most in five years and German unemployment unexpectedly rose in a burst of data backing Mario Draghi’s warning that more stimulus may be needed.

The crisis at Corporate Commercial Bank (KTB) is likely to delay Bulgaria’s intention to join the Eurozone event further, Euromoney magazine has reported, quoting analysts.

By Simon Kennedy & Alessandro Speciale

Mario Draghi just pushed the European Central Bank closer to quantitative easing.

With euro-area data this week likely to show the weakest inflation since 2009, the ECB president used the high-powered central-banking conference in Jackson Hole, Wyoming, to warn that investor bets on prices have “exhibited significant declines.”

By Lukanyo Mnyanda

European government bonds surged, pushing yields from Germany to Spain down to records, after European Central Bank President Mario Draghi gave his strongest signal yet officials are moving closer to quantitative easing.

 Biggest threats to Greece’s recovery are how others view the country and other eurozone states’ performance

By Dimitris Kontogiannis

 Greek ministers will be looking at timetables, actions and taxes with troika officials at start of September

The Greek government has begun finalizing its negotiating strategy for the imminent talks with troika officials in Paris, setting four clear priorities for the September meeting.

Spanish government bonds rose, with 10-year yields approaching a record low, amid speculation European Central Bank President Mario Draghi will reiterate the need for accommodative monetary policy.

BELGRADE – After standing still for a few days, the Serbian dinar dropped 0.1 percent against the euro on Friday, setting the official middle exchange rate at RSD 117.5600 for one euro, the National Bank of Serbia (NBS) has said in a release.

By Jonathan Cable

Eurozone private business growth slowed more than expected this month, despite widespread price cutting, as manufacturing and service industry activity both dwindled, a survey showed on Thursday.

By Patrick Donahue

German Chancellor Angela Merkel urged euro-area leaders to coordinate more closely on economic policy and repair the “construction flaws” built into the 18- member currency union to overcome the debt crisis.