Five countries in the
eurozone are already in recession -- Greece, Spain, Italy, Portugal, and Cyprus.
"That's why co-operation in the
eurozone, between the
eurozone and ourselves, between ourselves and the United States and other countries, is so vital at this time."
The interest rate on loans to non-financial corporations for amounts up to e1/41 mln decreased to 3.41%, compared to 3.53% in November, while the
Eurozone average was 1.97%.
The assumption is that the more risks are shared, the more stable the
eurozone will be.
The latest chart of the month from Fitch's economics team shows net outflows of capital from the
eurozone in the form of long-term portfolio debt instruments.
That healthy level of growth means that for the whole of 2017, the
eurozone economy expanded by 2.5%, its best performance since 2007, when it grew 3%.
This means that for the whole of 2017, the
eurozone economy grew by 2.5%, its highest level since 2007, when it expanded by 3%.
The two central bank chiefs urged
eurozone countries to transfer "sovereignty and powers to the European level," (http://www.zeit.de/wirtschaft/2016-02/jens-weidmann-francois-villeroy-de-galhau-euro-finanzministerium) noting that a joint finance ministry for the
eurozone could be one promising way of harmonizing the bloc's fiscal policies.
The Bank lent hundreds of billions of Euro in order to maintain economic balance in the
Eurozone.
GDP rose by 0.3% in the
eurozone and by 0.4% in the EU28 compared with the previous quarter.
The latest numbers from the
Eurozone have been encouraging.
