Inflation across the single currency bloc fell to 0.7% in January moving closer to deflationary territory
European Central Bank
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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?
Friday 22 March 2013
Banks could lose emergency funding within 72 hours, prompting exit from euro
Thursday 21 March 2013
Who will blink first in this €16bn poker game? The European Central Bank’s threat to withdraw emergency funding from crippled Cypriot banks looks like an attempt to play hardball: scare tactics to force the politicians who threw out a hugely unpopular raid on savings into finding €5.8bn from somewhere by Tuesday.
Wednesday 20 March 2013
Move would attempt to stop money flowing out of the country
Tuesday 19 March 2013
The eurozone was still embroiled in an acrimonious dispute tonight over whose idea it was to impose a tax on the savings of ordinary depositors in Cypriot banks – a decision that has instigated a financial panic on the Mediterranean island and reactivated the wider eurozone sovereign debt crisis.
Monday 18 March 2013
Thousands of British ex-pats living in Cyprus will have their pensions temporarily halted and can nominate non-Cypriot bank accounts to ensure payments are not affected by the country’s controversial levy on savings, the Government announced today.
Monday 18 March 2013
With its banks on the brink of collapse, the Mediterranean island had to tow line
Saturday 02 March 2013
When a disease achieves “celebrity status” – garnering attention and resources – there is bound to be resentment among those working on other conditions that have been overlooked. HIV/Aids came to global notice in the 1980s and 1990s and sucked in funds on a scale hitherto undreamt of in the developing world.
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