Eurozone News
LAST UPDATE: October 2, 2025
ECB picks AI startup to prevent digital euro frauds
The ECB selected Portuguese AI firm Feedzai (with PwC) to build fraud-detection systems for its planned digital euro. (Reuters)
Insight
Embedding AI fraud detection early could strengthen trust in the digital euro and preempt misuse or attacks.
France faces more protests against looming budget cuts
The French government is bracing for expanded protests and strikes across over 240 locations in response to planned budget cuts.
Insight
Persistent social resistance could complicate fiscal reform and test the government’s ability to pass unpopular measures.
Italy August jobless rate edges up to 6.0%, with 57,000 jobs lost
Italy’s unemployment rate rose to 6.0% in August as 57,000 jobs were lost, signaling labor market stress.
Insight
Weak employment dynamics may constrain consumer spending and complicate growth prospects amid fiscal tightening.
Italy business lobby cuts GDP forecasts on US tariffs, geopolitical tensions
Confindustria lowered its 2025 GDP growth forecast to 0.5 % (down from 0.6 %) citing U.S. tariffs and geopolitical headwinds undermining exports. (Reuters)
Insight
Weakening external demand and trade frictions are forcing business confidence downward, limiting growth momentum in Italy.
