Eurozone News

Emigrating to Germany

Fall in German immigration leads to zero population growth

, ,
According to the latest data from Germany’s Federal Statistics Office (Destatis), Germany’s population experienced a decline during 2020 - the first time in a decade. The population decline is largely down to a lack of immigration due to the coronavirus pandemic.
London and Brussels disagree on Brexit divorce bill value

UK and EU clash over Brexit divorce bill valuation

, , ,
The UK and the EU are on a fresh collision course over the value of the Brexit divorce bill. Britain’s estimate of the Brexit divorce bill is GBP 3BN lower than Brussels approximation, with the UK insisting that there is only GBP 37BN to be paid and the European Union claiming that GBP 40BN is outstanding...
EU E-commerce VAT changes

New EU VAT changes will severely impact UK eCommerce businesses

, ,
New EU tax rules came into effect on 1st July 2021, adding 21% to any packages brought in from outside the EU. Not only does the new tax rule impact UK e-commerce businesses, but also those who frequently shop online internationally. The EU stated that the new tax rules would generate around EUR 7 billion for all 27 member states each year.
image of ireland flag

Michel Barnier delivers warning over NI protocol

,
UK proposes reforming company listings to strengthen London’s ability to remain competitive post-Brexit. Meanwhile, former EU chief negotiator Michel Barnier warns UK Prime Minister Boris Johnson of the risks Britain faces if they fail to honour the Brexit agreement over Northern Ireland protocol...
Dollar to Pound FX rate

British pound under pressure against the US dollar

, , , , ,
The British pound (GBP) has come under pressure against the US dollar (USD) during today’s trading session. Pound sterling is unlikely to experience the rapid gains seen during early 2021 against its major currency over the coming months but will hold steady. Meanwhile, the US dollar (USD) looks to continue to outperform its currency rivals following upbeat comments from the Federal Reserve.
Switzerland rejects EU partnership treaty

Switzerland walks away from EU partnership treaty

Switzerland ends seven-year treaty talks with the EU over Brussels freedom of movement demands. Is Swiss heading for a Brexit-like exit?
euros

EU vaccination campaign gains momentum

The euro could soon rebound against its currency competitors as the EU ramps up its vaccination efforts, catching up with the UK and US.
Frankfurt Skyline

European Central Bank Leaves Stimulus and Interest Rates Unchanged

Following the ECB’s decision to leave stimulus and interest rates unchanged, the euro has slipped against its major currency competitors.
corona bonds EU

Euro Corona bonds – Everything you need to know

As the EU continues to navigate the economy amid the coronavirus pandemic, we take a look at the concept of Corona bonds discussed last year.
Frankfurt Skyline

Lagarde speech: ECB ramps up its bond-buying programme

ECB President Christine Lagarde said the central bank would be stepping up bond buying over the coming months at the latest ECB press conference. European Central Bank (ECB) President Christine Lagarde delivered her comments on the central bank's monetary policy outlook for the Eurozone economy in a press conference following the ECB's interest rate decision.
Ryanair announces new flight routes

Ryanair Significantly Reduces Flight Schedules

,
Ryanair has been forced to cut flight schedules due to low passenger traffic, though anticipates for a strong recovery in the summer. The airline is confident that passenger traffic will pick up once coronavirus recedes and...
European Central Bank

ECB leaves rates unchanged but boosts PEPP by EUR 500BN

ECB boosts PEPP by EUR 500BN but leaves interest rates unchanged at near zero. Euro climbs higher despite more aggressive policy for the Eurozone economy. With approximately 350 million people waiting for Pfizer and BioNTech’s vaccine to be rolled out across the EU, the ECB said...