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Austria Monetary Union & Eurozone News is an EIN News Service for political professionals. Constantly updated news and information about Austria EU Politics.
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Latest Austria Monetary Union & Eurozone News

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  • UPDATE 1-ECB's Nowotny: ECB will phase out, drain liquidity 25 Nov 2009 19:15 GMT
    ... banks off cheap central bank cash. A euro zone monetary source told Reuters no decision had ... I have nothing to add.' Nowotny told Austrian parliamentarians improved conditions on financial markets meant ... price stability in the medium and long term,' he said, according to a summary, provided ...

  • Estonia hails signs of euro entry in 2011 25 Nov 2009 12:51 GMT
    ... support for our goal of joining the eurozone," Finance Minister Jurgen Ligi told AFP, after ... recession. In an interview Monday in the Austrian weekly magazine Profil, Almunia had said no ... Maastricht Treaty that created European economic and monetary union, countries must meet certain conditions before they ...

  • UPDATE 1-EU's Almunia sees Estonia euro OK in June - report 23 Nov 2009 16:14 GMT
    ... quoted as saying in an interview with Austrian weekly magazine Profil. 'This country has made ... light for the 17th member (of the euro zone),' he said. Estonia has slashed spending ... countries, a candidate has to have low inflation, interest rates and debt, a stable currency ...

  • ECB's Nowotny: ECB will phase out, drain liquidity 25 Nov 2009 17:22 GMT
    ... quoted as saying on Wednesday. Nowotny told Austrian parliamentarians that improved conditions on financial markets ... price stability in the medium and long term," the summary, provided by the Austrian parliament, ... slow down the nascent recovery in the euro zone and that it was too early to ...

  • Euro adoption not in sight for Hungary because of bulging debt - EBRD Director 25 Nov 2009 08:48 GMT
    ... makes it very difficult to join the euro zone any time soon, said Jeromin Zettelmeyer, Director ... government is fiscally quite prudent and the EU anchor will work its wonders, whether the ... Monetary Affairs Commissioner Joaquin Almunia told the Austrian magazine Profil in an interview published on ...

  • EU 'top jobs' race fails to thrill Europeans 19 Nov 2009 08:26 GMT
    ... Britain wants to stay out of the euro zone. As it stands, Germany seems to favour ... Luxembourg's long-serving Prime Minister Jean-Claude Juncker and Austria's former Chancellor Wolfgang Schuessel. In France, President ... will not stay on for a second term. The new centre-right government decided to nominate ...

  • EU's Almunia sees Estonia euro OK in June - report 23 Nov 2009 08:46 GMT
    ... in 2011 if everything goes well, the European Union's top monetary policy official was quoted ... quoted as saying in an interview with Austrian weekly magazine Profil. 'This country has made ... light for the 17th member (of the euro zone),' Almunia said. Estonia's deputy central bank ...

  • Further ECB rate cuts possible, Austrian national bank chief says 21 Nov 2009 11:32 GMT
    ... next meeting on December 4, Ewald Nowotny, Austria's central bank chief and member of the ECB ... in Vienna. The expected substantial slowdown of inflation in the eurozone "provides room for further interest rate movements," ...

  • EU roles: Names in the frame 19 Nov 2009 18:33 GMT
    ... a problem that Britain was outside the eurozone. Chosen by 27 member states by qualified ... Latvia in 1998. The former chancellor of Austria is an outside bet, but as a conservative he could ... to Washington, but is finishing his five-year term and has thrown his hat into the ...

  • New Eurozone Bond Index From S&P 19 Nov 2009 13:56 GMT
    ... Standard and Poor’s has launched a new Eurozone government bond index. According to the provider, ... are included in the index except for inflation-indexed, floating-rate, and zero-coupon bonds. To qualify for ... Belgium (6.1%), Greece (5.4%), The Netherlands (5.1%), Austria (3.8%), Portugal (2.4%), Ireland (1.7%) and Finland (1.1%). ...

  • EU president to be chosen 19 Nov 2009 09:28 GMT
    ... will hold office for a two-and-a-half year term and can only be re-elected once. There ... the Eurogroup of finance ministers in the eurozone, Junker has been at the heart of ... strategic visions". An outside bet, the former Austrian chancellor could secure the backing of conservative leaders. ...

  • EU presidency: a look at the frontrunners 19 Nov 2009 11:55 GMT
    ... will hold office for a two-and-a-half year term and can only be re-elected once. There ... the Eurogroup of finance ministers in the eurozone, Junker has been at the heart of ... strategic visions". An outside bet, the former Austrian chancellor could secure the backing of conservative leaders. ...

  • EU president: the contenders 19 Nov 2009 14:35 GMT
    ... will hold office for a two-and-a-half year term and can only be re-elected once. There ... the Eurogroup of finance ministers in the eurozone, Junker has been at the heart of ... strategic visions". An outside bet, the former Austrian chancellor could secure the backing of conservative leaders. ...

  • Deepening economic crisis in Eastern Europe 24 Nov 2009 09:04 GMT
    ... fringes of a conference held by the Austrian Central Bank in Vienna last week. In its ... introduced the euro. Eight other east European EU member states still retain their national currencies. ... a member of the presiding board of Eurozone countries, warned of overly hasty moves to introduce ...

  • OECD says Europe's recovery will be 'gradual' 19 Nov 2009 17:18 GMT
    ... PARIS : The eurozone has snapped out of recession sooner than expected ... its latest assessment. The OECD also called longer-term for eurozone governments to start reducing their ... the European single currency, the euro, are: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, ...


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