Keywords: Euro


ECB seen holding rates at 2 percent through 2026

The European Central Bank is expected to keep its deposit rate at 2.00 percent at least until the end of 2026, marking what would become its longest stretch of stable borrowing costs since the end of the negative interest rate era, according to a Reuters survey published this week. In the poll conducted......

European Parliament approves 90 billion euro loan for Ukraine

The European Parliament on Wednesday approved a 90 billion euro loan package for Ukraine, representing the largest single financial commitment by the European Union to Kyiv since Russia launched its full scale invasion nearly four years ago. The funding is designed to sustain Ukraine’s defense......

European banking alliance urges urgent alternatives to Visa and Mastercard

Europe must urgently reduce its reliance on US payment giants Visa and Mastercard, the head of the European Payments Initiative has warned, as officials grow increasingly concerned that American-controlled financial infrastructure could be used as leverage amid worsening transatlantic relations. Martina......

EU ambassadors approve 90 billion euro loan for Ukraine

EU ambassadors reached agreement Wednesday on the legal framework for a 90 billion euro loan to Ukraine. The deal, finalized in a closed-door Brussels meeting, clears a major hurdle for fund transfers starting in April. This marks the bloc's largest single financial commitment to Ukraine since Russia's......

BBVA joins European bank consortium for euro stablecoin

BBVA has abandoned its individual stablecoin project to join Qivalis, a consortium of 12 major European banks developing an euro-pegged stablecoin. Announced Wednesday, the Spanish bank's entry unites some of Europe's largest financial institutions under a single regulatory framework to challenge......

Poland sees no urgency to adopt the Euro as economy outperforms eurozone

Poland is not in a hurry to adopt the euro, as its economy is currently performing better than many countries within the eurozone, according to the country’s finance minister. In recent comments, Finance Minister Andrzej Domanski explained that Poland’s strong economic growth and stable......

Euro poised to gain as dollar loses safe-haven appeal, ECB's Lane says

Philip Lane, the European Central Bank's chief economist, stated on Friday that the euro is well-positioned to capture a larger share of investor portfolios amid growing doubts about the dollar's effectiveness as a global safe-haven asset. Speaking at the Danish Economic Society conference in......

Germany awarded hosting rights for Women’s Euro 2029

Germany will host the 2029 UEFA Women’s European Championship, the governing body announced following a decision by its Executive Committee. The German bid prevailed over two competitors: a joint proposal from Denmark and Sweden, and a separate bid submitted by Poland. This will be the third time......

Spain commissions Ineco to design Morocco tunnel after feasibility study

The Spanish government has officially tasked public engineering firm Ineco with designing the reconnaissance gallery for the long-awaited Morocco-Spain tunnel project, marking a significant milestone in the decades-old initiative. This ambitious undertaking envisions a railway connection under the Strait......