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Eurozone unemployment heading for 20 million

Unemployment across the 17 EU countries that use the euro is on course to hit 20 million this year, according to figures showing the jobless rate hit another record... Read more »

May 31, 2013

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EU eases pace of austerity to help economy

The European Union moved away from its focus on tough austerity Wednesday when it gave France, Spain and four other member states more time to bring their budget... Read more »

May 29, 2013

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ECB may introduce negative interest rates to spur growth

In a recent press release, the European Central Bank indicated it is keeping an “open mind” concerning the option to move to a negative interest rate on... Read more »

May 6, 2013

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Beleaguered Portugal to make $6.3B in cuts

Portugal plans to avoid the threat of needing another bailout by making another $6.3 billion in cuts over the next three years, with measures including raising the... Read more »

May 3, 2013

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EU warns eurozone recession isn't likely to ease up this year

Europe will take longer to recover from its economic crisis as it tackles a worse-than-expected recession in the eurozone and unemployment at record levels, the... Read more »

May 3, 2013

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Despite Peace Prize, tensions boiling in Europe

Last year, the Norwegian Nobel Committee awarded the Nobel Peace Prize to the European Union "for over six decades [having] contributed to the advancement of peace and... Read more »

May 2, 2013

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