Eurozone

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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European austerity shows mixed results in 2012

The austerity pain being pursued by a number of European countries led to very little gain in 2012, official figures showed Monday. Read more »

April 22, 2013

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Cyprus president to ask EU for more help

Cyprus' president said Friday that he will ask the European Union to provide more help for the crisis-hit country, which has to pay for most of its expected 23 billion... Read more »

April 12, 2013

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