Eurozone News
LAST UPDATE: October 3, 2025
Lagarde Says Knot Would Make a Good ECB President, ANP Reports
Christine Lagarde praised Klaas Knot as a strong candidate for ECB president, quoting a Dutch newswire.
Insight
Her endorsement may influence the succession debate within European central banking circles.
Europe needs tighter regulation of shadow banks, Lagarde says
Lagarde called for stricter oversight of non-bank financial institutions, warning they pose systemic risks due to their scale and lighter regulation.
Insight
The push signals growing concern that shadow banks could become contagion points in future financial stress.
Euro zone services growth picked up slightly in September, PMI shows
Eurozone services activity strengthened in September, with the PMI rising to 51.3, the highest in eight months.
Insight
The modest acceleration supports optimism around domestic demand, even as external pressures persist.
French PM puts onus on lawmakers to strike budget deal
The new French Prime Minister refused to use extraordinary constitutional powers to force the budget through, urging parliamentarians instead to find compromise.
Insight
By declining to impose the budget unilaterally, he shifts accountability onto lawmakers and may foster negotiation, but risks legislative gridlock.
