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Immigration surge driven by eurozone crisis

Immigration surge driven by eurozone crisis | Eurozone | Scoop.it

The number of Spaniards registering for a National Insurance number rocketed from just over 30,000 in 2011-12 to more than 45,500 last year, a jump of 50 per cent.

Department for Work and Pensions (DWP) figures also showed sharp increases in arrivals from Italy (up 35 per cent to nearly 33,000) and Portugal (up 43 per cent to 24,500).

 

 

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Νews about the accelerating economic debt crisis in EuroZone
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Europe's banks prepare for ECB tests with new provisions

Europe's banks prepare for ECB tests with new provisions | Eurozone | Scoop.it
LONDON (Reuters) - The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests
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Bank of Ireland writes off couple's personal loan debts of €25,000

Bank of Ireland writes off couple's personal loan debts of €25,000 | Eurozone | Scoop.it
DETAILS have emerged of debts being written off by Bank of Ireland.

 

A Limerick couple had €25,000 in personal loans wiped away by the bank. This represented 90pc of their unsecured debt, according to Kerry-based personal insolvency practitioner and debt manager Brian Leslie, of Prima Finance, who did the deal.

He said the couple were able to make repayments on their mortgage, which is owed to Bank of Ireland's subsidiary ICS, now that most of their personal borrowings with the bank had been written off.

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Mario Draghi hedges on ECB's stimulus options

Mario Draghi hedges on ECB's stimulus options | Eurozone | Scoop.it
European Central Bank President Mario Draghi on Saturday acknowledged the challenges of using U.S.-style bond purchases to jolt the euro zone from weak growth and said officials may instead have to consider other measures.
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Anti-austerity protest in Italy turns violent

Anti-austerity protest in Italy turns violent | Eurozone | Scoop.it
Police fire tear gas and make arrests as protesters clash with police over new prime minister's labour reforms.
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Greece not out of the woods as Merkel visits

Greece not out of the woods as Merkel visits | Eurozone | Scoop.it
German Chancellor Angela Merkel is headed to Athens in a sign of support for the Greek government's austerity measures. But experts warn that the country has not overcome its financial crisis.
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Netherlands and Germany have Europe's best transport

Netherlands and Germany have Europe's best transport | Eurozone | Scoop.it
EU scoreboard finds best transport performance in northern Europe.
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Economic research groups predict strong upswing for Germany

Economic research groups predict strong upswing for Germany | Eurozone | Scoop.it
Germany’s leading economic research institutes have forecast a strong rise in growth for the country’s economy, driven by robust domestic consumption. The upswing, however, is facing headwinds from government policies.
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Germany's finance minister urges rest of Europe to maintain fiscal discipline

Germany's finance minister urges rest of Europe to maintain fiscal discipline | Eurozone | Scoop.it
Germany's finance minister on Tuesday highlighted the progress the country has made in reducing its budget deficit and warned other European countries against easing efforts to fix their public finances.
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Spain set to reject Catalonia's request for independence referendum

Spain set to reject Catalonia's request for independence referendum | Eurozone | Scoop.it
Parliament expected to vote overwhelmingly against proposal, but Catalan government will go ahead with 9 November vote
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Spain’s Five-Year Yield Drops Below America’s

Spain’s Five-Year Yield Drops Below America’s | Eurozone | Scoop.it
Spanish bonds rose, pushing the five-year yield below that of its U.S. equivalent for the first time since 2007, amid speculation European Central Bank policy will support a rally in periphery debt.
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Slovenia Raising Debt at Record Pace in 2nd 2014 Offering

Slovenia Raising Debt at Record Pace in 2nd 2014 Offering | Eurozone | Scoop.it
Slovenia is raising debt at its fastest pace on record as the nation plans the sale of 2 billion euros ($2.8 billion) in bonds, less than two months after it last went to the market, to tap lower borrowing costs.
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Italian PM Renzi says aims to get jobless rate under 10 percent

Italian PM Renzi says aims to get jobless rate under 10 percent | Eurozone | Scoop.it
LONDON (Reuters) - Italy can get its unemployment below 10 percent in the medium term with signs of improvement beginning to show through in the economy, Prime Minister Matteo Renzi said on Tuesday, after
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Eurozone clears next Greece bailout

Eurozone clears next Greece bailout | Eurozone | Scoop.it

Eurozone ministers have signed off the next 8.3bn euro (£6.8bn; $11.4bn) instalment of Greece's bailout.

A first tranche of 6.3bn euros will be paid at the end of April, Eurogroup chairman Jeroen Dijsselbloem said at a meeting of finance ministers in Athens.

Two more payments of 1bn euros will be made in June and July, he added.

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Spain tops list of EU's 10 worst employment blackspots

Spain tops list of EU's 10 worst employment blackspots | Eurozone | Scoop.it
Statistics reveal top five worst hit areas for joblessness are in Spain where almost 6 million people are without a job
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Portugal Plans Budget Savings Worth $1.9 Billion for 2015

Portugal Plans Budget Savings Worth $1.9 Billion for 2015 | Eurozone | Scoop.it
Portugal plans to implement budget measures worth 1.4 billion euros ($1.94 billion) to narrow its budget deficit and meet a target set for 2015.
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France bans work e-mail after 6 p.m.

France bans work e-mail after 6 p.m. | Eurozone | Scoop.it
France already has a 35-hour work week, and a new rule is designed to make sure that it doesn't start shading toward 40 hours because of work-related e-mail.
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IMF warns Europe's banking system poses threat to global financial stability

IMF warns Europe's banking system poses threat to global financial stability | Eurozone | Scoop.it
International Monetary Fund says end of low US interest rates and sharp slowdown in China could also derail recovery
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Slovenia's ruling party to choose new leader on April 25

Slovenia's ruling party to choose new leader on April 25 | Eurozone | Scoop.it
LJUBLJANA (Reuters) - Prime Minister Alenka Bratusek's Positive Slovenia party will elect a new leadership on April 25, the party said on Thursday, a move that will determine the future of Bratusek's coalition
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S&P downgrades Finland's outlook to 'negative'

S&P downgrades Finland's outlook to 'negative' | Eurozone | Scoop.it
Standard and Poor's has downgraded Finland's outlook to "negative," putting another crack in the credit image of one of the few countries to hold the top-notch "AAA" rating.
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Greece gets strong demand for bond

Greece gets strong demand for bond | Eurozone | Scoop.it
Greece wrapped up its first longer-term bond sale since its international bailout four years ago to strong demand, although the celebratory mood was marred by a predawn bomb blast in Athens.
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Italy PM Renzi says Cabinet has approved three-year budget plan.

Italy PM Renzi says Cabinet has approved three-year budget plan. | Eurozone | Scoop.it
Italian Prime Minister Matteo Renzi announced Tuesday his cabinet has approved a multiyear plan that will lead to lower growth in the short term but enhance the potential of the euro zone's third largest economy.
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France's new prime minister wins confidence vote

France's new prime minister wins confidence vote | Eurozone | Scoop.it
Vote seen as endorsement of plans for an economic turnaround and slashing bureaucracy.
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France to Renegotiate Deficit Target With EU

France to Renegotiate Deficit Target With EU | Eurozone | Scoop.it
France's new finance minister sparked a dispute with Europe on his first day in office Thursday when he suggested Paris renegotiate the speed at which it cuts its budget deficit to limits set by the European Union. Michel Sapin told radio station France Inter that France still aims to...
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Eurozone finance ministers to discuss Portugal bailout exit next month

Eurozone finance ministers to discuss Portugal bailout exit next month | Eurozone | Scoop.it
The question remains whether the country will opt for a 'clean exit' from its bailout program or ask for a precautionary credit line.
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Moderation Pays Off for a Far-Right Party in France

Moderation Pays Off for a Far-Right Party in France | Eurozone | Scoop.it
Under Marine Le Pen, the National Front has softened its xenophobic image to better seize on economic insecurity and anti-immigrant sentiment.
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