August 09, 2013

Steinbrueck Says Merkel Misleading Voters on Euro Debt Crisis

German chancellor candidate Peer Steinbrueck criticized Angela Merkel for misleading voters over the true cost of the European debt crisis, saying he’ll be upfront about the policy decisions needed after fall elections.

August 08, 2013

Euro-Zone Business Activity Grows for First Time Since Jan 2012

Activity among businesses in the euro zone grew modestly in July for the first time in a year and a half, adding to evidence the crisis-hit economy is stabilizing after a long recession.

August 07, 2013

Eurozone officially enters recession

The eurozone is now officially in recession, mainly due to a slump in Germany, Europe's biggest economy, and Italy, while France has narrowly escaped the same fate.

August 06, 2013

Europe's 'downgrade diary' flags up new market pressures

LONDON: New European rules requiring credit agencies to announce their rating decisions to a pre-set timetable are likely expose the region's shaky sovereign borrowers to more bursts of market pressure. But they may also have an impact further afield.

August 05, 2013

A stable euro is good news for all

DALLAS (MarketWatch) — A year ago, European Central Bank chief Mario Draghi promised to “do whatever it takes” to save the euro.