| 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
| 1:08 PM
WASHINGTON -- For most Americans, Europe is out of sight and out of mind. We figure that the worst of its debt crisis has passed. Italy has a new government. To mute social unrest, some countries are slightly relaxing austerity policies. The European...
| 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...
| May 1, 2013
The calendar beckons investors to tread lightly through the stock market, according to an old saying.
"Sell in May and go away" is a popular slogan among pundits because, over the years, stocks have sometimes suffered losses from May through October,...
| 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...
| Apr 22, 2013
| 9:20 AM
WASHINGTON -- The International Monetary Fund recently held a conference that should concern most people despite its arcane subject -- "Rethinking Macro Policy II." Macroeconomics is the study of the entire economy, as opposed to the examination of...
| Apr 3, 2013
| 9:20 AM
WASHINGTON -- The bailout of Cyprus -- if it can be called that -- bore all the trappings of Europe's standard response to its economic crisis. The last-minute, melodramatic rescue was complex, contentious and controversial. Decisions were taken that, for...