BRUSSELS—Eurozone consumer inflation rebounded by much more than expected in January, a flash estimate showed on Feb. 3, pushed up by a jump in prices in Germany and the Netherlands, and despite the continued downward pull from cheaper energy. The European Union’s statistics office Eurostat estimated that consumer prices in the 19 countries sharing the…
Europe’s Debt Cancellation Would Mean Recognition of Insolvency
Commentary More than 100 economists, led by French economist Thomas Piketty, creator of some of the most absurd proposals embraced by the extreme left, on Feb. 5 published an open letter in which they called for a cancellation of government debt in the hands of the European Central Bank (ECB) “in exchange for greater public…
Eurozone Business Activity Shrinks in January as Lockdowns Hit Services
January 24, 2021
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LONDON—Economic activity in the eurozone shrank markedly in January as stringent lockdowns to contain the coronavirus pandemic hit the bloc’s dominant service industry hard. With hospitality and entertainment venues forced to remain closed across much of the continent, surveys on Friday highlighted sharp contractions in the services industry but also showed manufacturing remained strong as…
ECB’s Latest Stimulus Expected to Have Little Impact on Eurozone Economy
BENGALURU—The European Central Bank’s new policy package will have little effect on the eurozone’s coronavirus-ravaged economy, according to the forecasts of a Reuters poll of economists, who nearly halved their outlook for first-quarter growth. Despite the ECB’s decision to top up its pandemic emergency purchases by half a trillion euros to 1.85 trillion euros and…
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