The eurozone must follow the examples of the UK, US and Japan by turning to the printing presses to avoid the threat of damaging deflation, according to an assessment by a leading economic think-tank.
European Central Bank
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Friday 10 May 2013
Lloyds Banking Group, bailed out to the tune of £20 billion by the taxpayer four years ago, today made two moves signalling its strengthening balance sheet.
Thursday 09 May 2013
The Bank of England today decided against giving a further boost to the British economy in Governor Sir Mervyn King’s penultimate meeting at the helm.
Tuesday 07 May 2013
The FTSE 100 index has hit its highest level since December 2007, buoyed by a cut in Australian interest rates, some better-than-expected German factory output data and the afterglow from last week's decent US jobs report.
Saturday 04 May 2013
It is, for our politicians at least, a long weekend for reflection. There is the specific matter of the gains by the UK Independence Party in the elections last Thursday, a sharp enough advance to affect the policies of all parties towards Europe in the months ahead.
Friday 03 May 2013
The European Central Bank's president, Mario Draghi, slashed interest rates to a historic low yesterday as the central bank hinted at new initiatives to boost loans to small businesses and pledged to extend cheap funds to banks.
Wednesday 01 May 2013
Pressure on the European Central Bank to cut interest rates this week has intensified after official statistics yesterday showed that unemployment in the recession-stricken eurozone has reached a record 12.1 per cent, while the rate of inflation has declined to just 1.2 per cent.
Sunday 28 April 2013
Saturday 27 April 2013
The Spanish government yesterday said that its recession-struck economy will contract by almost three times more in 2013 than it previously forecast, forcing Madrid to extend its deficit reduction programme by a further two years.
Thursday 11 April 2013
The cost of bailing out Cyprus has swollen to €23bn (£19bn), with the crisis-hit country having to take on the lion’s share of the measures needed to avoid bankruptcy, according to a draft report by its international creditors.
Tuesday 02 April 2013
Unemployment across the eurozone soared to yet another new record as analysts warned that the jobs pain would continue for months to come.
Sunday 24 March 2013
Q. Is an exit from the euro really a possibility?
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