| Jul 5, 2013
| 8:59 PM
After four years of providing trillions of dollars in cheap money to prop up the U.S. financial system and economy, the Federal Reserve has signaled that its generosity won't last forever.
On the face of it, that ought to be good news: It means the...
| 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...