Tag: Eurozone

Eurozone

Euro-Area Economic Sentiment Stagnated in Oct

The recovery in economic sentiment for the euro-area economies, which had been improving steadily since May stalled in October, according to the latest report Thursday from the European Commission. The Economic Sentiment Indicator (ESI) for countries sharing the euro was 90.9 in October, matching the level recorded in September, with the same dynamic seen for […]

Eurozone Economic Sentiment Improves, But Pace Slows

Economic sentiment in the countries sharing the euro improved in September, but at a slower pace than in previous months, the European Commission reported Tuesday. The Commission’s Economic Sentiment Indicator (ESI) rose to 91.1 in September, an improvement of 3.6 points from the 87.5 result in August. By comparison, August improved 5.1 points over the […]

ECB: Recovery Uncertain; Monitoring Euro Strength

The eurozone economy faces an uncertain future, despite evidence of a robust third quarter rebound, according to the eurozone’s top central banker. “While incoming data suggest that we will see a strong rebound during the third quarter, the strength of the recovery remains very uncertain,” said European Central Bank President Christine Lagarde, according to the […]

Paris Officials Pitch for London Financial Business

Officials from Paris made a pitch for financial firms thinking of moving staff or operations to continental Europe post-Brexit to consider moving to the French capital at an event in London last week.

“Brexit is an earthquake,” said Jean-Louis Missika, Vice Mayor of the City of Paris, at the event, Europe – Where To Next? Winning Business Strategies in the Eurozone. He continued: “Brexit is a slow earthquake and it will reshape the economic and financial landscape in Europe.”

Missika added that right now political and regulatory authorities, as well as corporates and financial companies, are trying to figure out what this new landscape will look like.