Multi-speed Europe

Nearly 700,000 Europeans with Permission to Stay in the UK After Brexit

Nearly 700,000 people have been granted permission to remain in the UK after Brexit, the UK Department of the Interior reported, e-mailing the Daily Mail.About 166,900 people turned to the government scheme to settle European citizens in May to secure their status after Brexit, according to statistics.

 

ESM urges Greece to stay on path, boost growth-oriented policies

Greece has made big progress in restoring sustainability to its public finances, strengthening the banking sector's resilience, and improving the economy's competitiveness last year but it needs to remain on track and adopt more growth-oriented policies, the European Stability Mechanism (ESM) said in its annual country report on Thursday.

Greece unlikely to be discussed at Eurogroup, EU official says

It is highly improbable that Greece will be discussed during Thursday's Eurogroup in Luxembourg, a top eurozone official said Wednesday.
The same official said that the third report on Greece's enhanced post-program surveillance issued by the European Commission will be discussed by the eurozone finance ministry staff (Euro Working Group) after Greece's July 7 elections.

Juncker Disagrees with the Dutch Claims to Bulgaria for Schengen

EC spokesman Alexander Winterstein said that President Jean-Claude Juncker's position on the accession of Bulgaria and Romania to Schengen has not changed, the BNR said. He said this in response to a question about the Dutch Foreign Minister Stef Blok's request during his visit in Bulgaria.

Unemployment in Greece still far higher than EU average

Greece remains far from the mean unemployment rates of the European Union and the eurozone, as according to Eurostat figures it had a jobless rate of 18.5 percent in February - down from 18.6 percent in January - against 6.4 percent in the EU and 7.6 percent in the eurozone.

Spain is a distant second with 13.8 percent unemployment.

The Euro Area with a Sharp Decline in Inflation and the Lowest Unemployment Rate Since 2008

Unemployment has been the lowest since 2008, writes NOVA news.
Inflation in the eurozone dropped sharply to 1.2% in May, according to data released by AFP. Analysts surveyed by the Factset data company predicted a modest fall in inflation to 1.4%, down from 1.7% in April.

Central bank governor Isarescu: National Bank has balanced approach to euro adoption

The National Bank of Romania (BNR) has a balanced approach to the adoption of the euro, BNR governor Mugur Isarescu said on Tuesday, mentioning that this requires a high real convergence, as well as keeping the pace after Romania joins the eurozone.

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