Recap: ECB Cuts Growth Outlook NEW
The European Central Bank shaved its forecast for the euro-zone economy this year following months of disappointing data that have pushed the prospect of a turnaround in the troubled region's fortunes further back toward the end of 2013. The live blo...
Germans Won’t Spend Southern Europe’s Recession Away NEW
Don’t bank on Germany’s consumers when it comes to pulling Southern Europe out of its deep recession. A back-of-the-envelope survey of consumers and analysis of import data suggest that any additional demand won't be directed to Southern...
Fitch Survey: ‘Worst of Euro-Zone Crisis Not Over’ NEW
A majority of European investors believe the worst of the euro-zone crisis isn’t over yet, with weak economic growth prospects the central concern, a survey by Fitch Ratings said Monday.
Street Artists Take on the Euro Crisis NEW
The European Central Bank has provided around €10,000 in support for a graffiti project by its Frankfurt headquarters which in one artwork renders ECB President Mario Draghi as James Bond in a 'Casino Royale-themed' scene with German Chancellor...
Italians Knock on Transparency’s Door, but Get Few Answers NEW
Italian non-profit organization Diritto di Sapere, or Right to Know, wanted to know how responsive different branches of Italy’s public administration are to information requests. According to its new report, there's a long way to go.
Ireland’s Kenny Remains Committed to Austerity NEW
The Irish government remains committed to tough budget austerity targets under its international bailout, Irish Prime Minister Enda Kenny said Friday, as the government detailed new measures to tackle the country's stubbornly high jobless rate.
Irish House Prices Fall for Fourth Consecutive Month NEW
Irish home prices fell for the fourth consecutive month in March, suggesting the country's housing slump is far from over after more than five years.
Slovenia Central Bank Chief Says Country Can Avoid Bailout NEW
Slovenia’s central bank chief said the bad loans held at the country’s banks are less than analysts estimate and the country can avoid a bailout if the government adopts swift policy changes, including privatization.