The Eurogroup, an informal group of finance ministers in the eurozone, isn’t an official institution of the European Union and therefore can’t be held liable for financial losses, an adviser to the EU’s top court found Thursday.
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Besides the danger of killing many more people across Europe, the novel coronavirus outbreak is threatening to bring about a global recession that could hit the continent hard with falling demand for its exports, a dearth of tourists and a rash of bankruptcies and layoffs.
Read moreThe unemployment rate across the European Union ticked down a tenth of a point to 6.2% in August, the lowest since the EU statistics office started generating monthly reports in January 2000.
Read moreEuropean Central Bank chief Mario Draghi urged eurozone governments to spend more Thursday, while the Frankfurt institution launched new “big bang” interventions to prop up the economy as the outlook darkens.
Read moreFor much of the year, experts have been warning a global economic slowdown is on the way – with some even using the R-word. Europeans don’t seem worried about recession, with household income and consumption both up in the first quarter of 2019.
Read moreEconomic growth across the 19-country eurozone is set to slow down further in coming years and become increasingly reliant on domestic factors like consumer spending, the European Union said Thursday.
Read moreConsumer prices across the 19-country eurozone rose at their fastest rate in nearly six years in October, largely on the back of higher energy costs, official figures showed Wednesday.
Read moreThe European Union’s jobless rate held steady at 6.9 percent in June, the lowest rate recorded since the start of the Great Recession in 2008, the EU statistics agency Eurostat reported Tuesday.
Read moreAfter years of slow but steady improvement following the 2008 global financial meltdown, Europe’s economy appears to be stabilizing, at least on one front: the unemployment rate in the 28-state European Union held steady in March at 7.1 percent.
Read moreThe eurozone economy may be enjoying its best growth in a decade and seeing unemployment drop sharply, but there are few signs that is fueling the inflation that the European Central Bank is looking for.
Read moreThe eurozone economy, for so long a source of uncertainty, has enjoyed its best year in a decade, clear evidence it has broken out of the prolonged debt crisis that raised fears about the very survival of the euro currency.
Read moreRetail sales in the European Union rose 1.5 percent in November on strong turnover in the non-food and food, drink and tobacco sectors, the EU’s statistics agency Eurostat reported Monday.
Read moreInflation across the 19-country eurozone remains stubbornly low even though the economic recovery across the single currency bloc appears to be gaining more and more momentum.
Read moreRetail sales in the 19-state eurozone fell 0.5 percent in August and was flat in the full European Union, the EU statistics agency Eurostat reported Wednesday.
Read moreThe European Union’s statistics agency said Thursday that the jobless rate held steady in June, but its estimate of annual inflation for the 19-stat eurozone will tick up slightly in August.
Read moreRetail sales in the 19-state eurozone rose 0.4 percent in May while the full European Union saw a modest rise of just 0.2 percent, Eurostat said Wednesday.
Read moreThe unemployment rate in the 19-state eurozone and full European Union held steady in May, at 9.3 percent and 7.8 percent respectively, Eurostat reported Monday.
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