Euro News (EUR)

At the end of last week, EU governments decided to raise the European Investment Bank's (EIB) lending limit to €100 billion ($115 billion) for 2025. Additionally, the organization's funding for the region's defense industry may be tripled.

No change of the indicator value may reduce the volatility of the related markets.

An increase of the indicator value may contribute to the rise in quotes of EUR.

According to Mario Centeno, representative of the European Central Bank (ECB) and head of the Portugal’s financial regulator, the eurozone economy is “weak” and needs “further stimulus” from the region's central bank.

Inflation and external economic challenges continue to restrain the growth of the French economy. In June, the Insee business sentiment index unexpectedly stood at 96 points, against the anticipated 98, according to data from the national statistical agency.

According to five sources familiar with the matter who spoke to Reuters, European officials are starting to come to terms with the possibility of mutual 10% import tariffs with the US after enduring lengthy negotiations.

Euro-based stablecoins could rival their dollar counterparts by 2028, according to Fiorenzo Manganiello, founder and managing partner of LIAN Group.

If the European Central Bank (ECB) decides to adjust borrowing costs within the next six months, it would most likely be a rate cut, stated Governing Council member Franсois Villeroy de Galhau. Earlier this month, the ECB signaled a pause in its monetary easing cycle.

Europe is at risk of falling into stagnation, the International Monetary Fund (IMF) warns. To prevent this, the continent must address slowing economic growth, boost investment, and counter geopolitical threats.

Chancellor Friedrich Merz has stated that the Bundesrat (Germany’s upper house of parliament) will support his €46 billion ($52.72 billion) tax relief package once the dispute over federal spending is resolved. Further details on the compromise will be announced soon, the official added.