European Crisis

Eurozone business activity near three-year high

by AFP
Modest European economic recovery continued into April, latest data show.

Greece reaches financial milestone

by AP
EU says troubled nation has achieved key milestone to be granted more debt relief.

Eurozone consumer sentiment lifts

Highest level of consumer confidence in eurozone since financial crisis started.

Russia could see Q2 recession

by AFP
Capital flight on Ukraine crisis could see Russia's economy contract.

EU deflation threat on rise

Consumer prices in EU rise at slowest pace in 4.5 years in March.

UK unemployment at five-year low

by AFP
Unemployment rate in UK sinks below 7% for first time since 2009.

EU approves 'banking union'

by AFP
New set of rules will prevent failing banks from driving EU states into bankruptcy.

Russia could see zero growth in 2014

by AFP
Finance minister warns on 'most difficult conditions since the 2008 crisis'.

British inflation slows to 1.6% in March

by AFP
Lowest inflation rate for four-and-a-half years despite economic recovery.

Eurozone industrial output climbs

Limited growth again shows fragility of EU economic recovery.

Greece to issue more bonds

by AFP
Head of the debt agency says last week's success was 'just the first step'.

ECB ready to step in: Draghi

by DPA
ECB chief willing to use 'unconventional instruments' to ward off deflation.

ECB, BoE want more lenient loan rules

by AFP
Central banks want credit flowing again to eurozone.

Europe holds its breath for ECB action

ECB president Mario Draghi's potential embrace of quantitative easing will help tackle deflation risk in the eurozone, but stabilising growth and inflation will be far from easy.

Greece on right track: IMF

by AFP
International Monetary Fund says Greece approaching end of long-running crisis.

Eurozone house prices lose momentum

Fragility of eurozone recovery on show as house prices slip in last qtr of 2013.

BoE holds key interest rate

by AFP
Bank of England maintains bank rate at record low level of 0.5%.

German think tanks tip strong growth

by AFP
Leading German institutes forecast expansion of 1.9% in 2014.

Greece in 'jaw-dropping' return to bond markets

by AFP
Bailed-out nation ends four-year exclusion by successfully raising over $4bn.

Miracles and mirages in the eurozone wonderland

1 comment
A nearly-bankrupt Greece is planning its return to capital markets, while the ECB impresses markets despite its inaction. Now more than ever, absurdity reigns in the eurozone.