May 25, 2014

Spain wins third credit upgrade as economy brightens

Madrid (AFP) - Standard and Poor's boosted Spain's credit rating on Friday, hailing signs of economic recovery despite massive unemployment in the eurozone's fourth-biggest economy.

Euro zone first-quarter growth disappoints, puts pressure on ECB to act

(Reuters) - The euro zone economy grew much less than expected at the start of the year and inflation remained locked in the 'danger zone' below 1 percent, increasing pressure on the European Central Bank to ease monetary policy at its next meeting in June.