Monday, June 9, 2014
Mario Draghi took another great step this week in leading the eurozone, including the reluctant German Bundesbank, into the world of negative interest rates, showing for the second time that he is a central banker with the magic touch.
Saturday, June 7, 2014
The German economy, Europe's biggest, will book slower growth in the second quarter, after a robust start to the year, but the recovery remains intact, data showed on Friday.
Friday, June 6, 2014
The European Central Bank (ECB) on Thursday entered into unchartered territory in its battle against deflation, taking one of its key interest rates into negative territory for the first time.
The outlook for the German economy, Europe's biggest, is looking brighter for the second quarter following a surprise jump in industrial orders, data showed on Thursday.
Wednesday, June 4, 2014
The EU warned France on Monday that its efforts to cuts its budget deficit were only partly on track and it would have to do much more to free up the struggling economy.
Europe faces a “serious” threat to its energy supply as a slump in gas demand could see almost 30 percent of production capacity shut in the next two years, industry lobby group Cedigaz said Monday.
Tuesday, June 3, 2014
Even before Spain's economic crisis engulfed her home, Patricia Martin struggled to provide for her three children on her husband's street sweeper salary of around 900 euros (US$1,200) a month.
Inflation in Germany, Europe's biggest economy, it set to slow in May, data showed on Monday, turning up the pressure on the European Central Bank (ECB) to act and avert deflation, analysts said.
Monday, June 2, 2014
The rice fields around Vercelli in northern Italy stretch as far as the eye can see with the snow-capped Alps behind.
Britain is leading the way in so-called “zero-hours” contracts that keep employees available but with no guarantee of work — and other countries are watching with interest.