🇪🇺 and Mercosur attempt to finalize an agreement on trade by December. If difficulties exist (export duties, antideforestation measures), both sides try to seek compromises. The ratification process in national parliaments is not guaranteed @co_epe
https://t.co/gWWGQ6PCT9
EU industrialists seek deeper union for energy, advocating harmonized tax incentives. Aim to enhance competitiveness, address high costs, and streamline regulations. They propose tax credits, low-interest loans, and simpler policies @co_epe
https://t.co/BClu9l95hh
More and more European firms move production to politically friendly countries, says ECB. it is driven by concerns about supply chain changes and rising prices, with geopolitical risks (such as Russian war) playing a big role @co_epe
https://t.co/dNuTwz4X6K
The ECB decided to stop raising interest rates after 15 months. Despite optimism in the bond market, the ECB remains cautious about inflation and takes a careful approach in light of past forecasting mistakes and the economic landscape @co_epe
https://t.co/qlPvMFT0uh
To answer euro difficulties, the EU should harmonize banking rules, foster capital market union, and create a common tax policy, says former governor of the Banque de France, Jacques de Larosière @co_epe
https://t.co/wS82I5DmcY
In October, Eurozone inflation dropped to 2.9 % due to fall in energy prices and a drop in food inflation, its lowest point since 2 years. This reinforces the anticipation that the ECB is unlikely to implement additional interest rate hikes @co_epe
https://t.co/LSew5q4Ijk
ECB decided to maintain the key interest rate at 4%, ending a streak of 10 consecutive increases. This move comes in response to a significant decrease in eurozone inflation and signs of economic weakening @co_epe
https://t.co/2o7XQhNwN4
Inflation in Norway and Denmark has dropped faster than expected, leading to speculation that regional central banks may halt interest rate hikes. Concerns now shift from rising living costs to potential economic downturn @co_epe
https://t.co/mOgCjZxJfk
VP of the ECB rejects the idea of of cutting interest rates, calling it "premature." He emphasized the challenges of bringing inflation back to the ECB's 2 percent target and mentioned obstacles like rising oil prices, wage growth and a weaker euro @co_epe
https://t.co/aq0DG6YGaX
In September, Eurozone inflation reached its lowest point in nearly two years, falling from 5.2% in August to 4.3%. This development could lead the European Central Bank to contemplate a pause in its series of interest rate hikes @co_epe
https://t.co/ZzdKih3yKi