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Added on the 30/04/2020 15:04:18 - Copyright : AFPTV - First images
The Eurozone is recovering "strongly" from the impact of the coronavirus pandemic but the pace of growth is "moderated" by shortages, ECB President Christine Lagarde says in a press conference. SOUNDBITE
The EU dishes out a 337.5 million euro ($366 million) fine to Mondelez, the US confectioner formerly known as Kraft behind major brands including Toblerone and Oreo, for restricting sales of products within the 27-country bloc. The giant "illegally restricted retailers from sourcing these products from member states where prices are lower" explains European Commission VP Margrethe Vestage, "and this allowed Mondelez to maintain higher prices." SOUNDBITE
Eurozone finance ministers meet in Brussels for their monthly Eurogroup meeting to discuss Euro area enlargement and the economic situation. They took the opportunity to come together for a photo and celebrate the incorporation of Croatia into the Eurozone as of January 1 2023. IMAGES
Group photo of European Central Bank Chief Christine Lagarde, Croatian prime Minister Andrej Plenkovic, EU Council President Charles Michel, EU Commission President Ursula von der Leyen and Eurogroup President Paschal Donohoe as Croatia joins the Euro. IMAGES
The European Central Bank (ECB) announces its first interest rate cut since 2019, reducing borrowing costs from record highs, but giving few clues about its next move while warning of continuing inflation pressures. "The governing council today decided to lower the three key ECB interest rates by 25 basis points," says Christine Lagarde, ECB President. SOUNDBITE
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