| Jul 1, 2013
| 6:58 AM
WASHINGTON -- Unemployment in the Eurozone reached a record high of 12.1% in May as the 17-nation region continued to struggle against its longest-ever recession, officials said Monday.
There were 19.2 million jobless people in the region, up by 1.3...
| Jun 3, 2013
| 7:10 AM
WASHINGTON -- The Eurozone, stuck in its longest-ever recession, is headed for a "very gradual recovery" later this year driven by stimulative monetary policy and increased demand for exports, the head of the European Central Bank said Monday.
| May 31, 2013
| 7:36 AM
WASHINGTON — The unemployment rate in the Eurozone hit a record 12.2% last month as the region continues to battle a lengthy recession triggered by austerity measures and debt problems in some key nations.
Joblessness has soared over the past...
| May 15, 2013
| 6:17 AM
WASHINGTON -- The Eurozone economy contracted 0.2% in the first three months of the year compared with the previous quarter, marking the region's longest recession since its single currency was created in 1999.
The 17-nation Eurozone now has been in...
| May 13, 2013
| 8:27 AM
WASHINGTON -- The European Central Bank could reduce the interest rate it pays on excess bank deposits to below zero to boost growth in the recession-plagued region, a top official said.
The comments over the weekend by Italian Central Bank chief...
| May 2, 2013
| 6:12 AM
WASHINGTON -- The European Central Bank on Thursday lowered its key interest rate to a record low level in an effort to spur economic growth in the recession-plagued Eurozone.
The central bank's policymakers lowered its main refinancing rate by 0.25...
| Apr 30, 2013
| 6:45 AM
WASHINGTON -- The Eurozone's unemployment rate hit a record high of 12.1% in March as the region continued to struggle with recession, government officials said Tuesday.
The seasonally adjusted jobless rate for the 17-nation group topped the previous...
| Nov 15, 2012
| 8:29 AM
The Eurozone is back in a recession, its first in three years, as gross domestic product for the debt-plagued 17-nation bloc contracted 0.1% in the third quarter from the earlier quarter.
In the second quarter, the currency collective tightened 0.2%,...
| Oct 9, 2012
| 5:32 AM
With Europe's debt crisis deepening, German Chancellor Angela Merkel arrived in Greece o signal her support for a country where many blame her personally for driving their economy into the ground....
| Sep 7, 2012
| 5:02 AM
Global Focus: Europe's economic roller coaster slowed to a safe stop Thursday, after the latest white-knuckled plunge toward disaster, when European Central Bank President Mario Draghi vowed to control soaring interest rates that threaten to bankrupt...
| Sep 6, 2012
| 11:53 AM
Worldwide, Sweden gets the most out of using the Internet, according to a new study from a foundation that seeks to expand access to the Web....