March 05, 2013

Time to act again, Mr. Draghi?

Further European Central Bank action to jump start the eurozone economy: Let me get back to you.ECB President Mario Draghi says he's doing what he can.

March 04, 2013

Eurozone crisis to be over by September, predicts RBI Governor D Subbarao

NEW DELHI: If RBI Governor D Subbarao's prediction is anything to go by, the Eurozone crisis is likely to be over with expiry of his term in September this year.

March 03, 2013

Greece faces bailout review, plays down public sector job losses

(Reuters) - Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece's performance under a bailout plan as the government plays down the prospect of public sector job cuts.

March 02, 2013

Euro-Area Unemployment Climbs to Record on Recession

The euro-area inflation rate fell below the European Central Bank’s 2 percent ceiling for the first time in more than two years and unemployment climbed to a record as the currency bloc remained mired in recession.

March 01, 2013

Eurozone crisis still choking credit demand: ECB

FRANKFURT: Bank lending to private households in the euro area remains weak as the long-running debt crisis continues to choke demand for credit, European Central Bank data showed on Wednesday.