ATHENS (Reuters) - Greece's jobless rate climbed to a new record in May, underlining how austerity prescribed to slash deficits and keep bailout funds flowing is hitting the economy on which recovery depends.
August 09, 2012
Once-resilient Germany catches Europe's crisis fever
FRANKFURT: Germany long appeared immune to Europe's debt crisis, as deep reforms undertaken years ago helped steel the economic powerhouse against the current financial storms lashing its neighbours.
August 08, 2012
Halifax expects house prices to stagnate after fall in July
House prices fell in July following two months of increases but are expected to remain largely flat for the rest of the year, the Halifax said in its latest housing market survey.
August 07, 2012
Monti Calls for More Crisis-Fighting Urgency in ECB Standoff
Italy’s Prime Minister Mario Monti warned of a potential breakup of Europe without greater urgency in efforts to lower government borrowing costs, as a standoff over European Central Bank help for Italy and Spain hardened.
August 06, 2012
The Euro Crisis: When Will It End?
The eurozone crisis is over two years old now. It’s no longer crawling. This baby is walking and has a mind all her own. And my, what an ugly little critter this kid is, isn’t she?
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