Growth rates of the euro area economies in 2017 were the highest in ten years, reaching 2.4%, the European Commission (EC) said yesterday. According to the spring forecast of the EC, this year the growth will slow down to 2.3%, in 2019 - to 2%. European Commissioner for Economic and Financial Affairs Pierre Moscovici believes that the main drivers of growth were investment and improvement of the...

The White House postponed introduction of customs duties on steel and aluminum products before the beginning of June. This decision affects the European Union, Canada and Mexico. The US postponed introduction of customs duties on steel and aluminum products until June 1. The transfer of the term affects the European Union, Canada and Mexico, the White House reported on the night of Tuesday, May...

Greece can withdraw from the third program of financial assistance without a reserve credit line and without new measures of austerity, said Prime Minister Alexis Tsipras. Speaking at a joint news conference with the head of the European Commission Jean-Claude Juncker in Athens, Tsipras said that Greece does not intend to abandon the reforms and is on the way to achieving its financial goals for...

President of France Emmanuel Macron paid his first state visit to the United States. Meetings and negotiations in Washington will largely determine future relation between the US and its European allies as President Macron arrived in Washington to speak on behalf of not only France but also Europe. Among the most acute problems is development of a common position on the Iranian nuclear deal,...

Spanish GDP per capita in 2017, at purchasing power parity, surpassed that in Italy for the first time since 1998, states a report by the International Monetary Fund (IMF). According to IMF forecasts, in five years the Spanish indicator will be 7% higher than Italian, although ten years ago Italy was ahead by 10%. Moreover, the fund experts predict that such countries as Slovakia and the Czech...

Everybody, including Beijing and Washington, realizes that the longer the trade war between China and America lasts, the more damage will be done to the world economy. Nevertheless, the conflict will apparently linger for a long time, because no one is going to concede, at least now. Chief financiers will the trade war unfolding between America and China at a meeting, which will be held this week...

Various financial services have covered two-thirds of the world's adult population. 69%, or 3.8 billion people, have bank accounts or a mobile payment service provider, according to a World Bank (WB) report on the use of financial services. In 2011, this indicator was 51%, in 2014 - 62%. However, the gap between developed and developing countries remains as the shares of consumers of financial...

The President of Italy, Sergio Mattarella, handed to the Speaker of the Senate Elisabetta Casellati an exploratory (trial) mandate, which implies checking the possibility of forming a parliamentary majority on the basis of the "Right Center" and the "Five Star" movement. The country needs to accelerate the sluggish process of government formation because of aggravation of confrontation between...

German Social Democrats have increased pressure on conservatives of Chancellor Angela Merkel to support proposals for reforming the Eurozone, according to their coalition agreement, Reuters reports. Those conservatives that support Merkel also want to limit her ability to carry out reforms in the euro area, says Reuters referring to files. These plans could damage Germany's relations with France...