Eurozone gripped by deflation fears as inflation rate hits five-year low

Fears that the eurozone could tip into outright deflation have been fanned as the inflation rate in the currency bloc hit a new five-year low of 0.3%.

Irish GDP revision eases debt target

Research and development (R&D) costs and illegal activities have been added into Ireland's GDP for the first time, enlarging the economy by 10bn euros ($13.6bn; £7.9bn).

Eurozone unemployment level sees slight fall

The number of people unemployed in the eurozone dipped slightly in May, but not by enough to dent the unemployment rate.

Greece returns to bond markets, says end of bailout nears

LONDON/ATHENS, April 10 (IFR/Reuters) - Two years after nearly crashing out of the euro zone, Greece returned to the bond market on Thursday with investors hungry for high returns scooping up its debt in a 3-billion euro deal that could mark the beginning of the end of its bailout.

Spanish public debt hits new record in 2013

Madrid (AFP) - Spain reported Friday its public debt soared to a new record high in 2013 despite a slew of budget-cutting measures, ballooning to nearly 94 percent of the economy's entire annual output.

Euro Area Seen Improving While Trailing U.S.-China Growth

The euro-area economy will continue to lag behind its main competitors, the U.S. and China, this year and next as high levels of unemployment and debt hinder the currency bloc’s recovery.

Greek economy contracts less than expected, points to 2014 recovery

Feb 14 (Reuters) - Greece's economy shrank by a smaller-than-expected 3.7 percent last year, marking the first time it has outperformed expectations since a debt crisis took hold and boosting hopes for a recovery this year.

Greece will require no further aid after bailout exit: Antonis Samaras

ATHENS: Greece will exit its EU-IMF bailout agreement as scheduled in 2014 and will require no further loans, Prime Minister Antonis Samaras said today.

Euro Zone Inflation Rises to 0.9% as Jobless Rate Dips to 12.1%

FRANKFURT — The euro zone reached another milestone in its stumbling recovery Friday when the official unemployment rate fell for the first time since 2011.

IMF warns of tough Spain jobs outlook

MADRID: The IMF told Spain on Friday it faces five more years with an unemployment rate topping 25 percent as it pressed Madrid to enact new reforms including measures to help firms slash wages instead of axing staff.

Euro to Rally as ECB Fails to Implement Negative Rates

The Euro was a top performer this week despite flashes of excessive volatility – the EURUSD saw prints close to $1.3100 and 1.2800 – as a slight uptick in data coupled with general anxiety over several of the single currency’s counterparts allowed gains to be found.

Spain, Portugal meet to find ways to help economy

MADRID (AP) — Spain and Portugal's premiers are meeting to discuss the economic turmoil plaguing their countries and the measures the European Union should take to ease the crisis.

Italian official industrial output shrinks in March

MILAN: Italy's industrial production shrank by 0.8 percentage points in March from the level in February in a far worse result than expected, according to official data released on Friday.

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.

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.

Sir Mervyn King: global crisis 'far from over'

The global crisis is "far from over" and countries can expect several "twists and turns" before the economy fully recovers, the Governor of the Bank of England has warned.

Forex Forecasts: Euro’s Relief Rally Depends on Crisis Ease in 2013

The Euro has put in for a remarkable trend shift through the second half of 2012, but its bullish ambitions should not be considered a clear trend.

Euro-Area Services, Manufacturing Contract for 10th Month

Euro-area services and manufacturing output shrank for a 10th month in November as the debt crisis hurt confidence, underscoring divergences in the global economy as China’s factories showed the first growth in more than a year.

Spain jobless rate hits new high in third quarter

About a quarter of working-age people in recession-hit Spain are unemployed, new figures have shown.

Analysis: Hollande's growth goal gutted by deficit plans

PARIS (Reuters) - French President Francois Hollande has set himself a deadline to turn around the economy by the end of 2014, but having hamstrung the effort with tax rises to meet deficit targets, economists doubt his growth goals will ever fly.