Monetary developments in the euro area: June 2021

Annual growth rate of broad monetary aggregate M3 decreased to 8.3% in June 2021 from 8.5% in May (revised from 8.4%) Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, stood at 11.7% in June, compared with 11.6% in May Annual growth rate of adjusted loans to households stood at 4.0% in June, compared […]

Euro area economic and financial developments by institutional sector: first quarter of 2021

Euro area net saving decreased to €517 billion in four quarters to first quarter of 2021, compared with €528 billion one quarter earlier Household debt-to-income ratio increased to 96.4% in first quarter of 2021 from 93.6% one year earlier Non-financial corporations’ debt-to-GDP ratio (consolidated measure) rose to 84.7% in first quarter of 2021 from 77.2% one year earlier

Tesco and WWF Join Forces to Reduce Ecological Footprint through Affordable and Healthy Food Choices

Today marks this year’s Earth Overshoot Day, when humanity’s demand for natural resources and services exceeds what Earth can regenerate within the year. This means that our way of living generates as much global demand on nature as if we lived on 1.7 planets[1]. Yet we only have this one. We all need to make […]

European Guarantee Fund well over half its €24.4 bn target in first 6 months

The EIB Group and contributing Member States have approved €16 billion in financing to date, equalling about two thirds of the total size of the European Guarantee Fund (EGF). The €24.4 billion fund, a key part of the EU recovery package to get the economy back on track, is expected to mobilise up to €200 […]