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
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.