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European Central Bank

A collection of news and information related to European Central Bank published by this site and its partners.

Top European Central Bank Articles

Displaying items 12-22
  • Eurozone unemployment hits record high of 12.1% in May

    Eurozone unemployment hits record high of 12.1% in May
    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...
  • European Central Bank chief sees 'very gradual' Eurozone recovery

    European Central Bank chief sees 'very gradual' Eurozone recovery
    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. Central...
  • Eurozone unemployment rate hits record 12.2%

    Eurozone unemployment rate hits record 12.2%
    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...
  • Eurozone economy shrinks in first quarter, marking longest recession

    Eurozone economy shrinks in first quarter, marking longest recession
    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...
  • Europe could drop interest rate below zero on excess bank deposits

    Europe could drop interest rate below zero on excess bank deposits
    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...
  • European Central Bank cuts key interest rate to fight recession

    European Central Bank cuts key interest rate to fight recession
    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...
  • Eurozone's unemployment climbs to 12.1%, a fresh record high

    Eurozone's unemployment climbs to 12.1%, a fresh record high
    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...
  • Double dip: Eurozone falls back into recession

    Double dip: Eurozone falls back into recession
    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%,...
  • German leader Angela Merkel enters the lion's den: Greece

     
    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....
  • Eurozone pulls back from the brink of catastrophe -- again

     
    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...
  • Sweden tops, Yemen last in getting most out of Internet, study says

     
    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....