Eurozone http://www.globalpost.com/taxonomy/term/24311/all en UPDATE 1-Greek PM tells Germany making big efforts to reform http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-greek-pm-tells-germany-making-big-efforts-reform <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Greek people making big sacrifices to overcome crisis,<br /> says PM</p> <p>* Germany's Merkel backs Samaras reforms</p> <p>* Merkel says EU must agree more reforms by June summit</p> <p>BERLIN, Jan 8 (Reuters) - Greece is making enormous efforts<br /> to get its economy back on track despite the pain this involves<br /> for its citizens, its prime minister Antonis Samaras said on<br /> Tuesday on a visit to Germany, chief champion of austerity in<br /> Europe.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-greek-pm-tells-germany-making-big-efforts-reform" target="_blank">read more</a></p> Angela Merkel Antonis Samaras Austerity Europe Eurozone Government Greece International relations Person Career Person Communication Person Party Quotation Thomson Reuters Tue, 08 Jan 2013 14:15:11 +0000 Thomson Reuters 5731600 at http://www.globalpost.com URGENT ¥¥¥ Eurozone unemployment 'stable' at 11.7% in December http://www.globalpost.com/dispatch/news/afp/130201/urgent-eurozone-unemployment-stable-at-117-december <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Long-lasting and fast-rising unemployment across the eurozone appeared to stabilise in December, although the latest EU data released on Friday still showed nearly 19 million people out of work in the 17-state currency area.</p> <p>The Eurostat statistics agency said that the unemployment rate was 11.7 percent, the same as in November, after the European Union revised the previous month's figure down from 11.8 percent.</p> <p>rt/hd</p> Economics Economy of the European Union Eurozone AFP Fri, 01 Feb 2013 10:30:35 +0000 Agence France-Presse 5742771 at http://www.globalpost.com Eurozone unemployment 'stable' at 11.7% in December http://www.globalpost.com/dispatch/news/afp/130201/eurozone-unemployment-stable-at-117-december <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Chronic and rising unemployment across the eurozone appeared to stabilise in December, although EU data released on Friday still showed almost 19 million people without work in the 17-state single currency area.</p> <p>The Eurostat statistics agency put the unemployment rate at 11.7 percent, the same level as in November, after revising that month's figure down from 11.8 percent.</p> <p>Across the full, 27-state European Union, which includes countries such as Britain and Poland, the rate was 10.7 percent in December, or a little less than 26 million people on the dole.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/eurozone-unemployment-stable-at-117-december" target="_blank">read more</a></p> Economy of the European Union Eurozone AFP Fri, 01 Feb 2013 11:00:34 +0000 Agence France-Presse 5742799 at http://www.globalpost.com URGENT ¥¥¥ ECB holds key interest rate at record low 0.75% http://www.globalpost.com/dispatch/news/afp/130207/urgent-ecb-holds-key-interest-rate-at-record-low-075 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Central Bank decided on Thursday to leave its main refinancing rate at a historic low of 0.75 percent, despite worries about slow growth and the strength of the euro.</p> <p>ECB watchers had not expected the central bank to ease borrowing costs in the euro area this month, but analysts said they would listen to see what central bank chief Mario Draghi had to say about the recent strong rise of the euro exchange rate.</p> <p>spm/ric/hd</p> Economy of the European Union European Central Bank European Union Eurozone AFP Thu, 07 Feb 2013 13:17:00 +0000 Agence France-Presse 5748819 at http://www.globalpost.com Bank of France forecasts 0.1% GDP growth in first quarter http://www.globalpost.com/dispatch/news/afp/130208/bank-france-forecasts-01-gdp-growth-first-quarter <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Bank of France on Friday forecast a small gain in French gross domestic product of 0.1 percent in its first estimate of growth in the first quarter of 2013.</p> <p>The forecast is the same as that of the national statistics agency INSEE, which publishes official GDP figures.</p> <p>The government is hoping for 0.8 percent GDP growth this year, but INSEE forecasts the French economy to expand by just 0.1 percent in the first half of 2013 as the eurozone states continue to cut spending to reduce their deficits.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/bank-france-forecasts-01-gdp-growth-first-quarter" target="_blank">read more</a></p> Business Entertainment Eurozone Gross domestic product AFP Fri, 08 Feb 2013 08:46:29 +0000 Agence France-Presse 5749744 at http://www.globalpost.com AFP World Economic News Summary http://www.globalpost.com/dispatch/news/afp/130211/afp-world-economic-news-summary <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The top world economic stories on Monday:</p> <p>EU-finance-economy-eurozone-forex</p> <p>BRUSSELS: Dutch Finance Minister Jeroen Dijsselbloem chairs his first eurozone meeting, taking up a difficult debt bailout for Cyprus amid concerns that recent gains in the euro may further dampen the struggling economy.</p> <p>OECD-world-economy-growth-indicator</p> <p>PARIS: Economic activity in the United States is rising, in the eurozone it is steadying, but in China and India the growth trend is slowing, leading indicators from the OECD showed.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130211/afp-world-economic-news-summary" target="_blank">read more</a></p> Economy of the European Union European Union Eurozone Human Interest AFP Mon, 11 Feb 2013 14:31:04 +0000 Agence France-Presse 5752718 at http://www.globalpost.com Spain banks well capitalised, ready to lend: ECB head http://www.globalpost.com/dispatch/news/afp/130212/spain-banks-well-capitalised-ready-lend-ecb-head <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Spain's banks are sufficiently capitalised and strong enough to lend again, European Central Bank chief Mario Draghi said Tuesday, citing "positive signs" for the eurozone's fourth-biggest economy.</p> <p>"Today Spanish banks are properly capitalised ... so in a position to give credit," Draghi told a news conference after a closed-door meeting with members of the Spanish parliament.</p> <p>Credit has dried up over recent years in Spain, which last year had to seek tens of billions of euros in bailout funds from the eurozone to rescue its finance sector.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130212/spain-banks-well-capitalised-ready-lend-ecb-head" target="_blank">read more</a></p> Europe European Union Eurozone Mario Draghi Politics AFP Tue, 12 Feb 2013 18:00:51 +0000 Agence France-Presse 5753757 at http://www.globalpost.com Eurozone official industrial output turns up in December http://www.globalpost.com/dispatch/news/afp/130213/eurozone-official-industrial-output-turns-december-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Industrial output in the 17-nation eurozone showed a sharp turnaround in December, gaining 0.7 percent compared with activity in November when it fell a revised 0.7 percent, official data showed on Wednesday.</p> <p>This was the first month-on-month growth registered since August when output rose 0.8 percent but analysts cautioned against reading too much into the data.</p> <p>The increase "needs to be kept into perspective," said Howard Archer of . IHS Global Insight.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/eurozone-official-industrial-output-turns-december-0" target="_blank">read more</a></p> Economy of the European Union European Union Eurozone AFP Wed, 13 Feb 2013 13:45:22 +0000 Agence France-Presse 5754359 at http://www.globalpost.com Eurozone official industrial output turns up in December http://www.globalpost.com/dispatch/news/afp/130213/eurozone-official-industrial-output-turns-december-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Industrial output in the 17-nation eurozone showed a sharp turnaround in December, gaining 0.7 percent compared with activity in November when it fell a revised 0.7 percent, official data showed on Wednesday.</p> <p>This was the first month-on-month growth registered since August when output rose 0.8 percent but analysts cautioned against reading too much into the data.</p> <p>The increase "needs to be kept into perspective," said Howard Archer of IHS Global Insight.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/eurozone-official-industrial-output-turns-december-1" target="_blank">read more</a></p> Economy of the European Union European Union Eurozone AFP Wed, 13 Feb 2013 13:46:43 +0000 Agence France-Presse 5754382 at http://www.globalpost.com http://www.globalpost.com/dispatch/news/afp/130214-7 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Eurozone recession worsens with 0.6% shrinkage in fourth quarter 2012</p> <p>bmm/hd</p> Eurozone AFP Thu, 14 Feb 2013 18:44:15 +0000 Agence France-Presse 5755624 at http://www.globalpost.com Eurozone returns to trade surplus in 2012: data http://www.globalpost.com/dispatch/news/afp/130215/eurozone-returns-trade-surplus-2012-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The 17-nation eurozone posted a 2012 trade surplus of 81.8 billion euros ($108 billion), more than reversing a deficit of 15.7 billion euros in 2011, official data showed Friday.</p> <p>For December, the eurozone had a trade surplus of 11.7 billion euros, down from 13 billion euros in November, as exports fell 1.8 percent and imports by 3.0 percent, the Eurostat agency said.</p> <p>For the wider 27-member EU, December showed a trade deficit of some 700 million euros after a deficit of 1.9 billion euros in November, as exports dropped 1.9 percent and imports were down 1.6 percent.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130215/eurozone-returns-trade-surplus-2012-data" target="_blank">read more</a></p> Economics Economy of the European Union EUR Eurozone AFP Fri, 15 Feb 2013 11:31:27 +0000 Agence France-Presse 5756516 at http://www.globalpost.com Slovak official unemployment rate at nine-year high http://www.globalpost.com/dispatch/news/afp/130220/slovak-official-unemployment-rate-at-nine-year-high <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Slovakia's unemployment rate soared close to a nine-year high point of 14.80 percent in January from 14.44 percent in December, official data showed on Wednesday.</p> <p>In January 2012, the rate stood at 13.69 percent.</p> <p>There were 399,367 job seekers in the country of 5.4 million in January, up from 390,111 in December, the Centre for Labour, Social Affairs and Family said.</p> <p>Analysts in Bratislava blamed five months running of rising unemployment on changes by the leftist government to the labour code, higher taxes and levies for corporations and self-employed individuals. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130220/slovak-official-unemployment-rate-at-nine-year-high" target="_blank">read more</a></p> Eurozone Slovakia Technology Unemployment AFP Wed, 20 Feb 2013 14:46:03 +0000 Agence France-Presse 5761125 at http://www.globalpost.com EU nears national budget oversight http://www.globalpost.com/dispatch/news/afp/130220/eu-nears-national-budget-oversight <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The EU moved closer Wednesday to centralised oversight on national budgets, negotiaters said, an increasingly sensitive topic as Brussels readies to issue new economic forecasts with France in the firing line over puny growth and a probable deficit overshoot.</p> <p>Long-contested tweaks to a package of laws designed to harmonise economic governance especially across the eurozone met with a breakthrough, participants said.</p> <p>The talks included European Parliament, the European Commission and the current Irish chair of the council of European Union governments.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130220/eu-nears-national-budget-oversight" target="_blank">read more</a></p> Business Entertainment European Union Eurozone Olli Rehn Social Issues AFP Wed, 20 Feb 2013 19:16:04 +0000 Agence France-Presse 5761392 at http://www.globalpost.com http://www.globalpost.com/dispatch/news/afp/130221-11 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Eurozone PMIs in steep downturn in private business activity at 47.3%</p> <p>hd</p> Eurozone AFP Thu, 21 Feb 2013 09:46:17 +0000 Agence France-Presse 5761886 at http://www.globalpost.com http://www.globalpost.com/dispatch/news/afp/130222-11 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Eurozone facing recession right through 2013: EU</p> <p>rt/ccr/hd</p> Eurozone AFP Fri, 22 Feb 2013 10:31:00 +0000 Agence France-Presse 5763124 at http://www.globalpost.com