Source link Participants in a survey believe that adopting the single currency would risk price increases A majority of Czechs are skeptical about transitioning to the euro, believing that adopting the single currency would carry inflationary risks and would not benefit the country, the media outlet iRozhlas reported this week, citing the latest poll. Some […]
Source link Tapping Russian assets frozen in the EU would harm the single currency, the head of Italy’s central bank says The EU should not use the euro as a tool in sanctions wars and political disputes, as it would be harm the currency’s image and standing, Bank of Italy Governor Fabio Panetta said on […]
Source link Jacques Delors headed the European Commission from 1985 to 1995 and served as France’s finance minister Former European Commission President Jacques Delors, who is regularly described as the creator of the EU single market, has died in his Paris home at the age of 98, AFP has reported, citing his daughter Martine Aubry. […]
Source link The currency’s reputation has been jeopardized by Brussels’ freezing of Russian assets, Elvira Nabiullina says The euro could lose its status as a global reserve currency if Brussels goes through with threats to use frozen Russian assets to help Ukraine, the head of the Russian central bank, Elvira Nabiullina, warned on Friday. “As […]
Source link Low interest rates have sparked a global rush to borrow in China, the outlet has said Global companies are reaping record profits through yuan-denominated bonds and are borrowing heavily from Chinese lenders at low interest rates, at a time when the cost of using Western banks is skyrocketing, Reuters reported on Friday. According […]