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Eurozone GDP grows by 0.3% in second quarter of the year

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World

Eurozone GDP grows by 0.3% in second quarter of the year

Published

2 years ago

on

August 16, 2023

By

Press Room
Eurozone GDP grows by 0.3% in second quarter of the year

The 20 countries that use the euro currency and their 346 million people saw modest economic growth of 0.3% growth in the second quarter of the year but the outlook remains relatively weak.

The Eurozone economy grew by a modest 0.3% in the second quarter of this year according to a flash estimate by Eurostat, the statistical office of the European Union, on Wednesday.

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In the first quarter of 2023, GDP had remained stable in the euro area and had increased by 0.2% in the EU. The bloc’s GDP rate is up by 0.6% compared with Q2 in 2022.  

Ireland’s growth of 3.3%, the largest in the eurozone, distorts the overall picture. Its growth figures often show large swings due to major international companies housing their headquarters there, including tech giants like Meta, Google and Apple.

France and Spain were more typical, growing 0.5% and 0.4% respectively, but the eurozone’s largest economy, Germany, stagnated and Italy performed even worse with a 0.3% contraction. 

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Although there is some encouragement in the latest figures the situation remains relatively weak. 

Higher interest rates designed to fight inflation are casting a shadow as they make it more expensive for households and businesses to borrow, invest and spend.

On an annual basis, the Eurozone grew by just 0.6%, its worst performance since the recession of 2020-21. 

Meanwhile, employment in the euro area is up by 0.2% in the second quarter, marking a 1.5% increase compared with the Q2 last year.

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World

In Augustinian Order, Pope Leo XIV Found Unity, Charity and ‘Eternal Friendship’

Published

3 hours ago

on

May 13, 2025

By

Press Room
In Augustinian Order, Pope Leo XIV Found Unity, Charity and ‘Eternal Friendship’

The cellphone of the leader of the Order of St. Augustine, the Rev. Alejandro Moral Antón, buzzed for what seemed like the hundredth time, and he jumped. He had been up since 2:30 a.m. fielding calls, trying to explain to people across the globe how his order, the one that formed Pope Leo XIV, would shape the papacy.

This time, it was his dentist. He had missed an appointment.

“You know what’s happening?” he told the dentist on Monday afternoon in Rome. “The new pope is an Augustinian!”

The world’s sudden interest in the small order of fewer than 3,000 members had forced Father Moral Antón, an affable, 69-year-old Spaniard, to distill Augustinians’ principles and spiritual ideals to their essence. Charity, truth and unity, he recited in Latin and translated into Spanish.

Pope Leo, formerly Cardinal Robert Francis Prevost, is an American with Peruvian citizenship, but his identity may have been most deeply molded by his connection to the Augustinians, which began when he was 14 and led to his ordination in 1982 as an Augustinian priest. He moved to Peru as an Augustinian missionary and eventually ran the order for 12 years from Rome. In that position, he developed extensive international connections that helped raise his profile last week in the conclave of cardinals who elected him.

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As the first Augustinian friar to become pope, Leo is expected by Augustinians to emphasize missionary outreach and the importance of listening widely before making decisions, both central to the Augustinian way of life.

“The Holy Father will certainly be inspired by this search for communion and dialogue,” said Pierantonio Piatti, a historian of Augustinians with the Pontifical Committee for Historical Sciences, a Vatican office. That would mesh with the concept of “synodality,” fulfilling Francis’ vision of a church that brings bishops and lay people together to make big decisions.

“The other great element of Augustinian spirituality,” Dr. Piatti added, is a “search for balance between action and contemplation, between contemplation and action.”

In part because of their small size, Augustinian priests are a tight-knit community around the world, and many have encountered Leo over the years.

“Even when we disagree on something like politics, we have no trouble talking to one another,” said Father Allan Fitzgerald, 84, an Augustinian priest and longtime professor at Villanova University northwest of Philadelphia, which Leo graduated from in 1977. “I think we are, in some ways, an image of the U.S. There is certainly a whole swath of us that is to one side and to the other. Even if we can’t talk directly about politics, we are still able to talk about things that matter.”

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The order was founded in 1244, when Pope Innocent IV united groups of hermits in service to the church as a community of friars. The group committed to a lifestyle of poverty, along with a mix of contemplation and pastoral service.

Augustinians take their name from one of Christianity’s most important early theologians, Augustine, the Bishop of Hippo, who was born in what is now Algeria in the fourth century. He is perhaps most famous for an autobiographical work called “Confessions,” which in part details his conversion to Christianity after an immoral youth.

The order’s place in the broader Roman Catholic Church was threatened by one of its most prominent 16th-century members, Martin Luther, whose calls for reform in the church ended up leading to the Protestant Reformation.

Augustine also wrote a guide to religious life that became the cornerstone of the Augustinian order. Its members commit to “live together in harmony, being of one mind and one heart on the way to God.” Leo’s new coat of arms reflects that heritage, displaying the Latin motto “In illo uno unum,” or “In the One, we are one.”

Augustinians are generally far less known compared with larger groups like the Jesuits and Franciscans. Part of that has to do with the personality and style of the orders, Father Fitzgerald said.

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“If you are a Jesuit, you are very good at telling people who you are,” he said. “Augustinians are not great at telling people who we are. I think it is unusual for us to be self-promoting.”

In the years after he became head, or prior general, of the order in 2001, Leo tried to share on a global stage the ideas and practices for missionary outreach that he had developed in Peru.

He outlined his theological underpinnings in a speech in Rome in 2023. Mission is a means of carrying out the church’s fundamental duty of evangelization, he said. Without this perspective, charity work by the church becomes little more than “humanitarian action,” which, while important, will not be distinctively Christian.

“On the contrary, when we help each other to constantly remind ourselves that our primary mission is evangelization, it does not matter whether our resources are small or large because the fundamental thing is already given,” he said.

“To evangelize means, among other things, to be willing to leave the comfort zones, the comfortable bourgeois life,” he said, in an apparent nod to his life-changing decision to leave his life in the United States for a missionary posting in northwestern Peru in 1985. That background appears to have figured in the cardinals’ deliberations during the conclave, since missionary outreach was a key element of Francis’ vision.

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Leo once told the Italian broadcaster RAI that he had met “my religious family, the Augustinians,” as a teenager, prompting his decision to leave Chicago for an Augustinian junior-seminary boarding school in Michigan. There, he said, he got to learn about “the importance of friendship, the importance of life in community.”

“I believe it is very important to promote communion in the church,” Leo explained in 2023 to Vatican News. “As an Augustinian, for me promoting unity and communion is fundamental.”

On Saturday, Leo made an unannounced visit to Our Lady of Good Counsel in Genazzano, an Augustinian sanctuary outside Rome. On Monday, he invoked St. Augustine in remarks to journalists gathered in Vatican City, saying that the present times were challenging, difficult to navigate and not easy to recount to the public.

“They demand that each one of us, in our different roles and services, never give in to mediocrity,” he said. “St. Augustine reminds of this when he said: ‘Let us live well and the times will be good. We are the times.’”

He cited one of the saint’s sermons that alluded to how people can choose to make the most of tough circumstances, Father Moral Antón said: “We are the ones who have to live a good life to change the times.”

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“We need to stop and reflect,” he added. “Because we live well, we eat well, we have pleasures, but are you happy? And people say, ‘I’m not happy.’ Let’s look, then, at where happiness lies — within — and then change.”

Father Moral Antón, who missed his dental appointment on Monday, was sitting in a small room in the Augustinian College of St. Monica, on a hillside across the street from St. Peter’s Basilica, where the new pope has played tennis for years on a court with a view of the iconic dome. Father Moral Antón and Leo, who are the same age, studied together in the college decades ago; the father was Leo’s deputy when he ran the order and succeeded him in the top job.

In the days since Leo became pope, Augustinian friars have shared stories of meeting him during his past travels. One vicar in Kenya sent Father Moral Antón photos of a trip he and Leo took to the African country many years ago.

“Being an Augustinian means being pretty open,” Father Moral Antón said, adding that, compared to other orders, theirs does not have “very rigid norms.”

“It’s about eternal friendship, friends, wanting to walk with friends and find truth with friends,” he said. “Wanting to live in the world, to live life — but with friends, with people who love you, with whom you love.”

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“It is not always something you find,” he added, “but, well, that’s the ideal.”

Emma Bubola, Elizabeth Dias and Jason Horowitz contributed reporting.

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World

In Pictures: From Chicago priest to new pope, the historic rise of Leo XIV

Published

4 hours ago

on

May 13, 2025

By

Press Room
In Pictures: From Chicago priest to new pope, the historic rise of Leo XIV
Pope Leo XIV

Pope Leo XIV announced as new pontiff on May 8, 2025


Published
May 12, 2025 4:07pm EDT

  • Image 1 of 25

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    Robert Francis Prevost, future Pope Leo XIV, stands fourth from the left with his second-grade class at St. Mary of the Assumption School in 1962. (St. Mary of the Assumption School)

  • Pope John Paul II meets the future Pope Leo XIV

    Image 2 of 25

    Robert Prevost – now Pope Leo XIV – pictured with Pope John Paul II in an undated photo. (Augustinian Province of Our Mother of Good Counsel/Handout via Reuters)

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  • Pope John Paul II meets the future Pope Leo XIV

    Image 3 of 25

    Robert Prevost seen in an undated image with Pope John Paul II. (Augustinian Province of Our Mother of Good Counsel/Handout via Reuters)

  • Pope John Paul II meets the future Pope Leo XIV

    Image 4 of 25

    Undated picture of Robert Prevost with Pope John Paul II. (Augustinian Province of Our Mother of Good Counsel/Handout via Reuters)

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  • Pope Leo XIV at mass

    Image 5 of 25

    Archbishop Robert Francis Prevost receives the red biretta from Pope Francis during the consistory in St. Peter’s Square at the Vatican City, Vatican, on Sept. 30, 2023. (Isabella Bonotto/Anadolu Agency via Getty Images)

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    Image 6 of 25

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    The exterior of the shuttered St. Mary of the Assumption Catholic Church, which Pope Leo XIV attended while growing up in Dolton, Illinois, on May 9, 2025. (Kamil Krzaczynski/AFP via Getty Images)

  • Pope Leo XIV and Francis

    Image 7 of 25

    Robert Francis Prevost during the Ordinary Public Consistory for the Creation of new Cardinal at St. Peter’s Square on Sept. 30, 2023 in Vatican City, Vatican. (Vatican Media via Vatican Pool/Getty Images)

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  • Pope Leo XIV church

    Image 8 of 25

    Picture of the Our Lady of Monserrat Parish, in Trujillo, northern Peru, where Robert Francis Prevost was parish administrator from 1992 to 1999, taken on the day of his election as the Catholic Church’s 267th pontiff. (Steffano Palomino/AFP via Getty Images)

  • Pope Leo XIV as cardinal

    Image 9 of 25

    Archbishop Robert Francis Prevost poses after being elevated to the rank of cardinal at the Vatican, Sept. 30, 2023. (Reuters/Yara Nardi)

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  • Pope Leo XIV at Vatican

    Image 10 of 25

    Archbishop Robert Francis Prevost and Cardinal Pietro Parolin attend Palm Sunday Mass at St. Peter’s Square on April 13, 2025, in Vatican City, Vatican. (Franco Origlia/Getty Images)

  • Pope Leo XIV room

    Image 11 of 25

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    Picture of the room at the Augustine convent Santo Tomas de Villanueva’s chapel, where Robert Francis Prevost lived between 1988 and 1998, in Trujillo, in northern Peru, taken on the day of his election as the Catholic Church’s 267th pontiff. (Steffano Palomino/AFP via Getty Images)

  • Pope Leo XIV in miter

    Image 12 of 25

    Cardinal Robert Francis Prevost, now Pope Leo XIV, attended the 7th Novemdiales Mass at St. Peter’s Basilica on May 02, 2025 in Vatican City, Vatican. (Photo by Franco Origlia/Getty Images) (Photo by Franco Origlia/Getty Images)

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  • Pope Leo XIV in green robe

    Image 13 of 25

    The late Pope Francis greeted Cardinal Robert Francis Prevost during the Mass on the Jubilee of The Armed Forces, Police and Security Personnel at St. Peter’s Square on Feb. 9, 2025 in Vatican City, Vatican. (Vatican Media via Vatican Pool/Getty Images)

  • Pope Leo XIV in black

    Image 14 of 25

    Archbishop Robert Francis Prevost attends the funeral of Pope Francis in St. Peter’s Square on April 26, 2025 in Vatican City, Vatican. (Franco Origlia/Getty Images)

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  • Pope Leo XIV leads rosary

    Image 15 of 25

    Archbishop Robert Francis Prevost leads rosary prayers for the health of Pope Francis in St Peter’s Square on March 3, 2025, in Vatican City. (Christopher Furlong/Getty Images)

  • Pope Leo XIV with cardinals

    Image 16 of 25

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    Cardinal Robert Prevost attended Holy Mass, celebrated for before the election of a new pope in St. Peter’s Basilica, at the Vatican, May 7, 2025. (Reuters/Murad Sezer)

  • Pope Leo XIV at prayer

    Image 17 of 25

    Cardinal Robert Francis Prevost during a Pro Eligendo Romano Pontifice Mass ahead of the conclave, in which he and the other cardinal electors were called to elect a new pope, at the Vatican on May 7, 2025. (Riccardo De Luca/Anadolu via Getty Images)

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  • Pope Leo XIV leads service

    Image 18 of 25

    Cardinal Robert Francis Prevost led a prayer service in St. Peter’s Square, as the late Pope Francis continued his hospitalization, at the Vatican, March 3, 2025. (Reuters/Hannah McKay)

  • Pope Leo XIV on balcony

    Image 19 of 25

    Newly elected Pope Leo XIV appears on the balcony of St. Peter’s Basilica, at the Vatican, May 8, 2025. (Reuters/Yara Nardi)

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  • Pope Leo XIV waves

    Image 20 of 25

    Pope Leo XIV waves from the balcony of St. Peter’s Basilica, at the Vatican, May 8, 2025. (Reuters/Guglielmo Mangiapane)

  • Friends in Peru

    Image 21 of 25

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    Father Ramiro Castillo, vicar superior of the Augustinians of the North, holds a picture depicting Robert Francis Prevost, who became Pope Leo XIV on May 8, 2025, as he poses with attendees after a mass in his honour at the Our Lady of Monserrat Parish, where the new pope was parish administrator from 1992 to 1999, in Trujillo, northern Peru, on the day of his election as the Catholic Church’s 267th pontiff. (Steffano Palomino/AFP via Getty Images)

  • Pope Leo XIV greets cardinals

    Image 22 of 25

    Pope Leo XIV leads the Pro Ecclesia Mass in the Sistine Chapel, on May 9, 2025 in Vatican City, Vatican. (Vatican Media/Vatican Pool – Corbis/Getty Images)

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  • Pope Leo XIV's childhood home

    Image 23 of 25

    A person takes a picture of the childhood home of Pope Leo XIV in Dolton, Illinois, on May 9, 2025. (Kamil Krzaczynski/AFP via Getty Images)

  • Pope Leo XIV addresses the College of Cardinals

    Image 24 of 25

    Pope Leo XIV meets the College of Cardinals in the New Synod Hall at the Vatican, Saturday, May 10, 2025. (Vatican Media via AP)

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  • Pope Leo XIV delivers the Regina Caeli prayer from the main central loggia balcony of St Peter's basilica in The Vatican, on May 11, 2025. (Photo by Alberto PIZZOLI / AFP) (Photo by ALBERTO PIZZOLI/AFP via Getty Images)

    Image 25 of 25

    Pope Leo XIV delivers the Regina Caeli prayer from the main central loggia balcony of St Peter’s basilica in The Vatican, on May 11, 2025. (Alberto Pizzoli/AFP via Getty Images)

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World

Russia-Ukraine war: List of key events, day 1,174

Published

6 hours ago

on

May 13, 2025

By

Press Room
Russia-Ukraine war: List of key events, day 1,174

These are the key events on day 1,174 of Russia’s war on Ukraine.

Here is where things stand on Tuesday, May 13:

Ceasefire

  • Moscow has yet to say whether Russian leader Vladimir Putin will attend direct talks with Ukrainian President Volodymyr Zelenskyy slated for Thursday in Istanbul and proposed by Kyiv over the weekend. The leaders have not met since December 2019.
  • United States President Donald Trump said he is “thinking about flying over” to Istanbul to join the potential Putin-Zelenskyy talks.
  • “I don’t know where I’m going to be on Thursday – I’ve got so many meetings – but I was thinking about actually flying over there. There’s a possibility of it, I guess, if I think things can happen,” Trump said. “Don’t underestimate Thursday in Turkey.”
  • US Secretary of State Marco Rubio said he held a joint call with Ukrainian and European officials to discuss a “way forward for a ceasefire” on Monday.
  • Europe will reportedly push the White House for new sanctions on Moscow if Putin either fails to attend the Istanbul meeting, or fails to agree to an “immediate and unconditional ceasefire”, Bloomberg reported, citing people familiar with the matter.
  • Germany said it is also preparing sanctions against Moscow if the talks stall.

Fighting

  • Ukraine says that Russia is “completely ignoring” calls for a 30-day ceasefire made over the weekend by the US and Europe. It was due to begin on Monday.
  • “Russian shelling and assaults continue,” Zelenskyy said in a nightly address. “Moscow has remained silent all day regarding the proposal for a direct meeting. A very strange silence.”
  • Ukraine’s military said that there had been 133 clashes with Russian forces along the front lines up to Monday night.
  • The heaviest fighting continues in the Donetsk region on Ukraine’s eastern front and Russia’s western Kursk region. Ukraine’s military said the intensity remains unchanged since the ceasefire was supposed to begin.
  • Moscow called the 30-day ceasefire an excuse by Europe to “provide a breather for Kyiv to restore its military potential and continue its confrontation with Russia”.
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