BRUSSELS: Recession in the crisis-hit eurozone will be deeper than expected for the rest of the year, hitting even Europe's biggest economies and leaving unemployment at record levels, the EU warned Friday.
May 03, 2013
Euro Drops as Draghi Open to Negative Rates; Dollar Strengthens
The euro fell for the first time in five days against the dollar after European Central Bank President Mario Draghi said policy makers may take the unprecedented step of charging banks to hold excess reserves.
May 02, 2013
Greeks stage 24-hour anti-austerity general strike
A general strike against tough austerity measures is under way in Greece, with trade unions calling for "mass mobilisation" of protesters.
May 01, 2013
New Italian premier urges EU to focus on growth
BERLIN (AP) — Italy's new prime minister called Tuesday for European countries to prioritize economic growth over debt reduction, adding his government believes Europe needs to integrate further to overcome its current crisis.
April 30, 2013
Euro-Area Economic Confidence Falls More Than Forecast
Economic confidence in the euro area decreased more than economists forecast in April as the 17- nation currency bloc struggled to emerge from a recession and the bailout of Cyprus renewed debt-crisis concerns.
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