BRUSSELS (Reuters) – The euro zone’s economy contracted for the sixth straight quarter at the start of this year, data showed on Wednesday, marking its longest recession on records dating back to 1995. Falling output across the bloc, from France to Finland, meant the 17-nation economy shrunk 0.2 percent in the January to March period, [...]
Read More...Posts Tagged euro
Euro zone economy shrinks in first-quarter, marks longest ever recession
By admin on Wednesday, May 15th, 2013 | Comments Off
Germany pushing for faster reform in euro zone – magazine
By admin on Sunday, May 12th, 2013 | Comments Off
BERLIN (Reuters) – Germany wants further reforms and savings in crisis-hit euro zone states, according to a report obtained by German magazine Spiegel in which Berlin evaluates progress made under strengthened EU budget rules. The rules have managed to spur in all euro zone countries a "general political mobilisation towards structural reforms and greater competitiveness", [...]
Read More...Germany pushing for faster reform in euro zone – magazine
By admin on Sunday, May 12th, 2013 | Comments Off
BERLIN (Reuters) – Germany wants further reforms and savings in crisis-hit euro zone states, according to a report obtained by German magazine Spiegel in which Berlin evaluates progress made under strengthened EU budget rules. The rules have managed to spur in all euro zone countries a "general political mobilisation towards structural reforms and greater competitiveness", [...]
Read More...EU sees deeper euro zone recession in 2013, slower deficit cuts
By admin on Wednesday, May 8th, 2013 | Comments Off
The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said on Friday as it set out forecasts for the next two years. … Economy, Government & Policy News and Information on Yahoo! Finance
Read More...Euro zone factory prices at three year low in March on energy
By admin on Tuesday, May 7th, 2013 | Comments Off
BRUSSELS (Reuters) – Euro zone producer prices fell for the first time in four months in March with lower energy costs the main reason for the decline, figures released on Friday showed. Prices at factory … Economy, Government & Policy News and Information on Yahoo! Finance
Read More...Euro zone sales fall in March as shoppers stay thrifty
By admin on Monday, May 6th, 2013 | Comments Off
BRUSSELS (Reuters) – Retail sales in the euro zone fell for the second month in a row in March, underlining the bloc’s struggle with record joblessness and restricted credit for consumers and businesses. The volume of retail trade fell by 0.1 percent on the month, in line with the expectations of economists polled by Reuters, [...]
Read More...Euro zone business downturn points to deeper recession in Q2 – PMI
By admin on Monday, May 6th, 2013 | Comments Off
By Jonathan Cable LONDON (Reuters) – The euro zone's business downturn dragged on in April, suggesting the region may be falling deeper into recession this quarter, business surveys showed on Monday. The purchasing managers indexes (PMIs) also showed that Germany is now suffering a contraction in business activity that has long dogged France, Italy and [...]
Read More...France to get more time to cut deficit as euro zone recession bites
By admin on Friday, May 3rd, 2013 | Comments Off
By Jan Strupczewski and Robin Emmott BRUSSELS (Reuters) – France will get two more years to meet its budget deficit target because of the country's poor economic outlook within a recession-hit euro zone, the European Commission said on Friday. Presenting economic forecasts for the next two years, Olli Rehn, the European monetary affairs commissioner, also [...]
Read More...Rising Euro Brushes Off Rate Fears
By admin on Tuesday, April 30th, 2013 | Comments Off
Investors are betting the ECB will signal with a rate cut that it approves of a pivot by some European leaders toward policies aimed at boosting economic growth. WSJ.com: Economy
Read More...Global stocks, euro rise on progress in Italy; S&P 500 at record
By admin on Monday, April 29th, 2013 | Comments Off
By Caroline Valetkevitch NEW YORK (Reuters) – World stock indexes and the euro advanced on Monday as the formation of a new government in Italy eased uncertainty about the political future of the country, the third-largest economy in the euro zone, while the S&P 500 closed at a record high. The gains on Friday extended [...]
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