Latest Europe Economy News & Archive

UK finance minister Rachel Reeves will unveil her first budget on October 30

Rise In UK Borrowing Narrows Budget Options For New Govt

UK government borrowing jumped by far more than expected in July, official figures showed Wednesday, stoking fresh anxiety for the new Labour government ahead of its first budget in just over two months.

Eurozone Inflation Eases Slightly In June

Economists surveyed by FactSet and Bloomberg had forecast that inflation would slow to 2.5 percent

The eurozone's annual rate of inflation cooled in June in line with analysts' expectations thanks to a slowdown in food and energy price rises, official data showed on Tuesday.

Spain Doubles Down On Plan To End Nuclear Power By 2035; PM Sánchez Bets On Renewables

Spain's Prime Minister Pedro Sanchez delivers a speech during the state of the nation debate in parliament in Madrid, Spain, July 12, 2022.

As many Western countries re-embrace nuclear power as they look to transition to fossil fuels, Madrid takes a different tack.

Solar panels are seen on the roofs of homes at the well-to-do suburb of Rivas-Vaciamadrid, south of Madrid, Spain, June 6, 2022.

Spain And Germany Top 50% Electricity Production From Renewable Energy In 2023

New solar installations have accelerated the transition away from natural gas and coal in two of Europe's leading economies.

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French protesters march against the pensions reform plan in the southern city of Marseille on January 17. A mass strike is planned for Thursday

France Gears Up For 'Hellish' Day Of Pension Protests

France gears up for 'hellish' day of pension protests

European Union flags flutter outside the European Central Bank (ECB) headquarters in Frankfurt

ECB Gets Ready For A Pivot On Policy Rates — What Will The Bank Of England Do?

According to some estimates, interest rate hikes can take up to 18 months to affect the economy. Thus, the ECB may want to pause and see how the recent interest rate hikes will impact the eurozone economy before its next move.