Eurozone

EU Finance Ministers Meet in Slovenia Friday Saturday to Amend Budget Spending Rules for Member States

European governments have spent hand over fist, despite ballooning public debt, to prevent the coronavirus pandemic from triggering economic calamity.

Now, the European Union faces calls to loosen its budget rules to allow the largesse to continue, but the topic is a sensitive one for many member states.

Industrial Output Grows by 1,5% in Bulgaria Y/Y

 In May 2021, industrial production in Bulgaria grew by 15.1 per cent compared to May 2020, reads the latest Monthly Report on Bulgarian Economy released by the Economy Ministry on Thursday. Growth continued to be driven by the manufacture  of  motor  vehicles, trailers  and   semi-trailers, of machinery and equipment, and of metal   products.

Stress tests affirm stability of Slovenian banking system

Ljubljana/Frankfurt – Stress tests conducted by the European Central Bank (ECB) and Banka Slovenije have confirmed the stability of the Slovenian banking system, pointing out Slovenian banks would fare well even under unfavourable economic scenarios. Nevertheless, banks have been urged to stay cautious in the post-Covid landscape.

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Christos Staikouras in Brussels

The Minister of Finance, Mr. Christos Staikouras, is going to Brussels today, in order to participate in the Eurogroup meeting and a day later in the Ecofin meeting.

At tomorrow 's Eurogroup, Eurozone Finance Ministers will discuss the Eurozone' s fiscal course and prospects, focusing on next year.

Flash Eurobarometer survey finds 75 pct of Romanians favor switch to euro

Romania has the highest percentage of respondents with a positive opinion about the introduction of the European single currency - 75 percent, found the latest Flash Eurobarometer survey released on Friday, which shows that the switch to the euro enjoys broad support in EU member states that have not yet adopted it.

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