Latest news on economic and monetary affairs in the European Union.
Updated: 50 min 4 sec ago
As part of its External Investment Plan, the EU gave its green light to a package of financial guarantee programmes worth around EUR 800 million on 10 July. This will help to leverage an estimated EUR 8-9 billion in public and private investment in Africa and the Neighbourhood.
Growth is set to remain strong in 2018 and 2019, at 2.1 per cent this year and 2 per cent next year, according to the EU's latest economic forecast, but growing trade tensions with the US could hit growth.
The EU Commission activated an enhanced surveillance framework for Greece Wednesday to support implementation of reforms following the conclusion of its bailout through the European Stability Mechanism.
The European Commission adopted a decision on 11 July to activate the enhanced surveillance framework for Greece to support the implementation of agreed reforms following the successful conclusion of the European Stability Mechanism (ESM) stability support programme.
Mario Draghi gave an upbeat testimony on the state of Eurozone economic health yesterday in Brussels stating that inflation was on a self-sustaining path and that the banks QE programme would add around 1.9% to GDP between 2016 and 2020.