The euro-zone economy has just endured a sixth successive quarter of shrinking GDP. The malaise is spreading to core countries including Finland and the Netherlands, which both contracted in the first quarter.
PARIS (Reuters) - Bundesbank chief Jens Weidmann said on Thursday it was not up to the European Central Bank to solve the euro zone crisis, resisting pressure from other ECB policymakers for the bank to widen its range of policy tools. Speaking in ...
The yen also rallied versus the euro and other currencies, further buoyed by a jump in 10-year Japanese government bonds yields, to 1.000 percent, the highest in a year.
A euro-area services and factory output gauge increased more than economists forecast in May, adding to signs the currency bloc is starting to emerge from its record-long recession.
Earlier today, European Central Bank commissioner Ewald Nowotny warned that the euro zone recession in 2013 could be even worse than the -0.1% growth expected.
The euro crisis is a story of a breakdown in the mechanisms meant to manage national relations within the currency union. Its future hangs on how�and whether�these broken mechanisms can be refashioned.
In trying to defend, or at least rationalize, Sergio Garcia's "fried chicken" shot at Tiger Woods, European Tour CEO George O'Grady took to the airwaves of Sky Sports.
Yen rises versus dollar, euro as Nikkei tumbles. * Worries Fed may taper QE, weak China PMI hit stocks. * Euro helped somewhat by PMI data, still vulnerable.
The euro lies at the root of Europe�s record unemployment rate and countries such as Spain and Greece should quit the common currency to return to economic health, said the head of Germany�s fledgling anti-euro party. Southern European countries can�t ...
LONDON (Reuters) - The downturn across euro zone businesses eased slightly this month, although a dearth of new orders means the bloc's economy is likely to contract again in the second quarter, business surveys showed on Thursday.
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