Germany’s Bundesbank chief says France must cut deficit
The head of Germany's Bundesbank, Jens Weidmann, said France needs to make additional efforts to reduce its public deficit, in an interview published Wednesday.
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Eurozone calm compared to a year ago: Juncker
Thursday, May 16, 2013
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The eurozone crisis has eased markedly from one year ago when some doubted its very survival, Luxembourg Prime Minister Jean-Claude Juncker said Thursday, playing down hopes however of progress on tax evasion at next week's EU summit.
Spain economy shrinks 0.5% in first quarter 2013
Tuesday, April 30, 2013
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Spain's economy shrank 0.5 percent in the first quarter of 2013, official data showed, as a job-destroying recession gripped the struggling nation.
Spanish deficit at 10.6% of GDP: EU
Monday, April 22, 2013
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The European Commission released on Monday final deficit and debt data for eurozone and EU states that was in line with upward revisions announced in late March by key countries such as Spain and France.
Portugal prime minister announces heavy spending cuts
Sunday, April 7, 2013
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Portuguese Prime Minister Pedro Passos Coelho on Sunday announced severe cuts in public spending following a decision by the constitutional court rejecting a number of austerity provisions in this year's budget.
Greek banks to be recapitalised separately: central bank
Sunday, April 7, 2013
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Greece's central bank on Sunday said the country's main four lenders would be recapitalised separately, a move that put on hold a planned merger between two of them.
Iceland’s lesson for Cyprus? Be patient!
Wednesday, April 3, 2013
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Iceland, often hailed for its implacable handling of its 2008 financial crisis, has a thing or two to teach Cyprus about coping with its crisis: avoid isolation and be patient, it takes time for the economy to function properly again.
Iceland’s lesson for Cyprus? Be patient!
Wednesday, April 3, 2013
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Iceland, often hailed for its implacable handling of its 2008 financial crisis, has a thing or two to teach Cyprus about coping with its crisis: avoid isolation and be patient, it takes time for the economy to function properly again.
France says on right track despite missed deficit target
Wednesday, April 3, 2013
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France insisted that it is making progress on balancing its public finances despite data released Friday that showed it had missed its deficit target.
Spain raises 2012 deficit figure to comply with EU rules
Wednesday, April 3, 2013
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Spain revised its public deficit figure for 2012 higher on Wednesday to 6.98 percent of economic output from the 6.74 percent figure it posted last month, to comply with a request by the EU's statistics office regarding Madrid's calculations of tax refund claims.
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Wednesday, May 22, 2013
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