ROME (Reuters) - Italy plans to propose to its European partners a guarantee scheme that could potentially trigger investments worth up to 200 billion euros ($216.48 billion) in the defence and aerospace industries, people familiar with the matter said.
J.P.Morgan joined Wall-Street peer Goldman Sachs to forecast a boost to the euro area's economic growth for 2025 on the back of Germany's fiscal loosening reforms.
According to Jefferies, the euro has reached a bottom “for now” and will only go higher from here this year. “The mood on [the] euro coming into 2025 was so sour, with most expecting a break of parity, but now the euro is flying,” said Brad Bechtel, an analyst at the bank.
Cracks are appearing in the unity of the European Central Bank due to the urgent need for money to rearm Europe. This may overpower legal and technocratic considerations regarding the management of the single currency,
Investor morale in the euro zone brightened substantially in March, with economic expectations hitting their highest reading since July 2021, a survey showed on Monday, as Germany's plans for new debt contributed to the positive sentiment.
The euro is set for its best weekly performance in 16 years after Germany’s historic pledge to ramp up spending for defense and infrastructure.
ECB Targets Oct. Launch for Digital Euro
· 8h · on MSN
EU lawmakers voice doubts about digital euro after ECB outage
ECB Targets October Launch for Digital Euro, But Lawmakers Raise Concerns
European Central Bank President Christine Lagarde has said the ECB is looking to issue a digital euro by October 2025, once legislation comes into effect - if the central bank has its way. However, lawmakers recently raised doubts on whether a digital euro can take flight, according to a Reuters report on Monday.
EU Targets October 2025 for Digital Euro Rollout Amid Legislative Scrutiny
The European Central Bank has announced plans to introduce a digital euro by October 2025, contingent upon the completion of necessary legislative processes. ECB President Christine Lagarde emphasized the significance of this timeline,
The euro’s surge is vindicating the handful of strategists who argued against calls for the single currency to fall to parity with the dollar.
Traders are adding to wagers the euro will rise more than 10% in the coming months to as high as $1.20, a level last seen in 2021.
The dollar and the euro were moving in different directions Friday after the European Central Bank signaled it might not cut interest rates as much as previously thought this year amid rising economic uncertainty.
The euro edged higher after the European Central Bank cut interest rates but signaled it could move cautiously with further easing. The euro rose 0.3% to $1.082. It had been flat
Euro M-Sport have apologised to Motorsport Ireland and its customers for such short notice of their decision. It remains to be seen how this will affect the West Cork entry.
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