European Crisis

Spain, Italy borrowing costs hit fresh lows

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Interest on Spanish and Italian debt falls to record lows as investor concern fades.

The problem with the eurozone's rebalancing act

Large surpluses in the eurozone's creditor economies have made it harder for debtor economies to adjust, contributing to weak inflation and highlighting the unevenness of the recovery.

A bumpy ride for the BoE

Declining wages and a falling unemployment rate highlight the uneven nature of UK economic growth, which is likely to see the BoE take a conservative approach to raising rates.

Spain shows 'best growth' for six years

by AFP
Spanish economy expands by 0.5 per cent in second quarter, recovery on track.

IMF raises Germany growth forecasts

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The International Monetary Fund now expects growth in Germany to hit 1.9% in 2014.

Lagarde warns on low European inflation

IMF chief says weakness could damage European growth.

IMF cuts eurozone growth forecast

by AFP
International Monetary Fund says eurozone recovery 'neither robust nor sufficiently strong'.

More trouble in the eurozone? You can bank on it

The woes of Portuguese bank Banco Espirito Santo have renewed fears about the structural weaknesses of the European banking system, which will remain a source of vulnerability until the ECB takes definitive action.

A delicate rate balancing act for the BoE

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Solid economic growth and a heated property market mean the Bank of England is under mounting pressure to raise interest rates. But several factors are complicating matters.

The welfare state is enslaving European workers

The redistributive state in Europe is creating a big wedge between gross and net incomes. It's unpleasant for taxpayers and highlights the enormous challenge facing policymakers in ageing societies.

Draghi seeks more integration

ECB president calls for a new set of rules for eurozone members on economic reforms.

EU leaders in tussle over budget

by AFP
Leaders from struggling eurozone economies are keen to loosen strict EU budget rules.

IMF wants more action on recovery

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Christine Lagarde warns more must be done to boost international monetary supply.

The method behind Germany's policy muddle

Germany's approach to stewardship of the eurozone may appear confusing, but it could prove an unlikely stepping stone towards a more perfect euro union.

European austerity failed, but what comes next may be worse

Implementing Germany's 2003 reform agenda won't solve Italy's economic woes. Such a move is likely to increase already-high levels of public debt and compound the region's problems.

Top economies contract in Q1

by AFP
Slight rise on personal consumption not enough to convince corporates to spend: OECD.

ECB prepared to go unconventional if necessary: Draghi

Europe keeps interest rates on hold and maintains inflation remains a focus.

BoE reveals eurozone crisis warning

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In 2011 the UK central bank cautioned on high risk of more bank bailouts.

Europe takes a battering for Brussels' stability and growth delusions

For Southern Europe to climb out of its Great Depression, Brussels needs to admit defeat and finally abandon its foolish policy of trying to eliminate government deficits at any cost.

ECB sees no acute deflation risk

by AFP
European Central Bank still confident of avoiding deflation in eurozone.