In Europe

portugal economia

“Portugal Capital Markets Day” (15 and 16 June)

Portugal has a story worth telling and, more importantly, companies worth investing in. Its “Capital Markets Day” – 15 and 16 June – brings investors into contact with companies, strategies and real investment opportunities. By Abel Sequeira Ferreira Abel Sequeira Ferreira (Board Member and Executive Director of AEM – Portuguese Issuers Association. Board Member of European Issuers) | On 12 and 13 November 2025, Lisbon hosted the second edition of…


bce lagarde dic 2024

ECB maintains hawkish stance as inflation shows no sign of easing

By Martin Wolburg At its meeting on 11 June, the ECB is highly likely to raise its key interest rates by 25 basis points, in line with its recent hawkish communication. Beyond that date, the monetary policy outlook becomes more complex, as the Governing Council must balance persistently high inflation with weakening economic activity. Inflation is rising, inflation expectations have rebounded slightly and the fall in real interest rates argues…


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Germany steps up reform agenda, with spotlight on defence spending and pension reform

Analysis by Morgan Stanley Jens Eisenschmidt (European macro analyst) summarises the key takeaways from a trip to Berlin with policymakers and experts in economic and defence policy. The main message points to an acceleration of Germany’s reform agenda before the summer, with the focus on pensions, the labour market, defence and public investment. Although implementation will remain gradual, the authorities are seeking to send a clearer signal of their commitment…


eurozone.a tope

Eurozone inflation rises to 3.2% in May, highest since 2023

Reported by Consejeros Editorial Team The rise in energy prices resulting from the war in the Middle East has driven up inflation in the Eurozone. In May, the Consumer Price Index (CPI) stood at 3.2%, up from 3% in April, according to preliminary estimates published by Eurostat, the statistical office of the European Union (EU). The figure, which is in line with expectations, puts further pressure on the European Central…


boris vujcic

De Guindos ends term as ECB Vice-President, replaced by Croatian Boris Vujčić

Reported by Consejeros Editorial Team The Croatian economist Boris Vujčić, a central banker who advocates keeping inflation under control through higher interest rates, takes up the post of Vice-President of the European Central Bank (ECB), replacing Spain’s Luis de Guindos, for a non-renewable eight-year term. Almost three and a half years after the introduction of the euro in Croatia, Vujčić joins the ECB’s Executive Board at a time when the…


union europea

Europe’s defence sector

On the final day of the Medcap Forum 2026, several defence experts addressed the challenges facing the sector, agreeing that, despite this being a historic moment for defence spending, we are hampered by the fragmentation of European management. By Consejeros Editorial Team Is Europe ready to compete in defence? Yes, but not by much. That is the conclusion that can be drawn from the reflections of the specialists who opened…


ECB bonds

ECB already discussing need to raise interest rates at next meeting, regardless of whether US and Iran reach peace deal

Report by Link Securities Isabel Schnabel, a German member of the European Central Bank (ECB) Executive Board, stated that the ECB should raise interest rates in June, even if peace negotiations with Iran result in an agreement. It should be noted that the ECB has kept its key interest rates unchanged for a year, but that inflation in the Eurozone stood at 3% in April, above the ECB’s 2% target….


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Sharp fall in eurozone trade surplus – €26 billion since March last year – reflects rise in oil prices

Analysis by Karsten Junius Higher oil prices are taking their toll on the eurozone’s trade balance. In March, the surplus fell by €3 billion compared with February and by €26 billion compared with March last year. Relatively weak exports in the eurozone’s main export sectors—machinery and vehicles, as well as chemicals and related products—also contributed to the decline in the trade surplus. The persistence of high commodity prices suggests that…


European fiscal stimuli

Brussels revises 2026 growth forecast from 1.2% down to 0.9%: region’s three largest economies to bear heaviest burden

Report by Link Securities The European Commission (EC), in its Spring Economic Report 2026, has revised downwards its forecast for Gross Domestic Product (GDP) growth for the European Union (EU) and the Eurozone, citing inflationary pressures arising from the conflict in the Middle East. Thus, the EC has cut its growth forecast for the EU economy for 2026 from 1.4% to 1.1%, and for the Eurozone economy to 0.9% from…


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Eurozone trade surplus plummets to €7.8 billion in March

Reported by the Consejeros Editorial Team The Eurozone’s goods trade balance recorded a surplus of €7.8 billion in March, compared with €34.1 billion in the same month last year, according to data published on Tuesday by Eurostat. Eurozone exports of goods to the rest of the world reached €265.3 billion in March, representing a 5.5% fall compared with the same month in 2025. Meanwhile, imports rose by 4.4% to €257.4…