Tag #Eurozone

zeit.de
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Rhineland-Palatinate Inflation Rises to 3.3 Percent in December 2024

Rhineland-Palatinate's inflation rate rose to 3.3 percent in December 2024, impacting consumer purchasing power; the annual average was 2.6 percent, a decrease from 5.8 percent between 2023 and 2022.

Progress

16% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Death of Former Greek Prime Minister Costas Simitis

Former Greek Prime Minister Costas Simitis, instrumental in Greece's euro adoption, died at 88; a four-day mourning period and state funeral have been declared, with tributes from across the political spectrum.

Progress

36% Bias Score

Peace, Justice, and Strong Institutions
cnbc.com
🌐 85% Global Worthiness
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Eurozone Faces Economic Uncertainty as Germany and France Lack 2025 Budgets

Germany and France's lack of 2025 budgets due to political infighting and economic challenges raises concerns about the Eurozone's future, with economists warning of potential decline and loss of standing in a world marked by superpower rivalry.

Progress

40% Bias Score

Decent Work and Economic Growth
africa.chinadaily.com.cn
🌐 85% Global Worthiness
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France's New Finance Minister Targets 5 Percent Budget Deficit

France's new finance minister, Eric Lombard, plans a 2025 budget with a deficit "slightly above" 5 percent, prioritizing economic growth and aiming for a reduction from the projected 6 percent deficit in 2024, contrasting with the previous government's austerity measures that led to its collapse.

Progress

48% Bias Score

Decent Work and Economic Growth
lefigaro.fr
🌐 75% Global Worthiness
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French Bond Yields Surge Despite New Government Appointment

France's new government has failed to soothe market concerns, as 10-year bond yields remain high, exceeding 3.2% and creating a significant spread against Germany, mirroring the reaction after June's surprise dissolution of the National Assembly; the large deficit and upcoming elections fuel uncerta...

Progress

48% Bias Score

Reduced Inequality
lemonde.fr
🌐 85% Global Worthiness
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France's Soaring Public Debt: €3.3 Trillion and Rising

France's public debt has risen to €3.3 trillion by the end of Q3 2024 (113.7% of GDP), projected to increase to 120% by 2027 due to persistent high spending and the impact of recent events like Cyclone Chino in Mayotte; the government plans to issue €300 billion in debt in 2025.

Progress

48% Bias Score

Reduced Inequality
elpais.com
🌐 85% Global Worthiness
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Death of Former Greek Prime Minister Costas Simitis

Former Greek Prime Minister Costas Simitis, instrumental in Greece's eurozone entry, died at 88 on Sunday, prompting four days of national mourning. His legacy includes economic modernization and EU integration.

Progress

24% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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France's Political Instability Deepens Economic Crisis in 2025

France's political crisis, triggered by inconclusive 2024 parliamentary elections, continues into 2025, with a new minority government struggling to address a 6.1% budget deficit and 112% debt-to-GDP ratio, causing a Moody's credit downgrade and market concerns.

Progress

44% Bias Score

Decent Work and Economic Growth
faz.net
🌐 85% Global Worthiness
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ECB Prioritizes Productivity Growth Amidst Eurozone Inflation Concerns

The European Central Bank (ECB) is prioritizing productivity growth due to near-full employment in the Eurozone despite economic slowdown, rendering traditional inflation-fighting methods ineffective; this contrasts with past recessions where unemployment acted as an inflation damper.

Progress

44% Bias Score

Decent Work and Economic Growth
kathimerini.gr
🌐 75% Global Worthiness
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Greek Court Upholds €24.56 Million OPAP Fine

A Greek court upheld a €24.56 million fine against OPAP for abuse of dominance, rejecting a challenge from the Hellenic Gaming Commission, setting a precedent for inter-agency disputes.

Progress

12% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 75% Global Worthiness
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Spain's Resilient Economy Faces Mounting Debt and Global Uncertainties

Despite global headwinds, Spain's economy has shown unexpected resilience, with GDP growth exceeding expectations since 2022, driven by strong consumption, exports (up 21.3%), and a healthy private sector; however, high public debt and global uncertainties pose significant long-term risks.

Progress

48% Bias Score

Decent Work and Economic Growth
kathimerini.gr
🌐 75% Global Worthiness
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Greece Faces Macroeconomic and Social Imbalances: European Commission Assessment

The European Commission flagged macroeconomic imbalances in Greece in 2023, including a 6.3% current account deficit, a -139.3% net international investment position, and overvalued housing prices, alongside significant social challenges including high poverty and low labor market participation.

Progress

52% Bias Score

No Poverty