monetary affairs

`EU to suffer moderate recession in first half of 2012′


January 25th, 2012 - 2:00 pm ICT by IANS
Brussels, Jan 25 (IANS) There might be a moderate economic recession across Europe in the first half of 2012, a senior European Union (EU) official said Tuesday."Several factors pointed toward ... Read more...

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Euro debt crisis spreads to healthy economies: Official


November 25th, 2011 - 1:27 pm ICT by IANS
Helsinki, Nov 25 (IANS) The euro area debt crisis has spread to healthy economies, said EU Economic and Monetary Affairs Commissioner Olli Rehn in Helsinki Thursday.Rehn made the remarks in ... Read more...

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European Central Bank to assess Portugal’s economic and financial adjustment program


May 5th, 2011 - 9:07 pm ICT by BNO News
BRUSSELS (BNO NEWS) -- The European Central Bank (ECB) on Thursday announced that it will assess Portugal in its economic and financial adjustment program to stabilize its economy.The Governing Council of the ... Read more...

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Ireland and EU agree to multi-billion aid package


November 22nd, 2010 - 8:59 pm ICT by BNO News
DUBLIN, IRELAND (BNO NEWS) -- Ireland could be receiving between €80 billion and €90 billion ($110 to $123 billion) as European Finance ministers have agreed to release a multi-billion euro assistance package ... Read more...

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Estonia to become 17th country in the Eurozone


July 14th, 2010 - 1:29 am ICT by BNO News
BRUSSELS (BNO NEWS) -- Estonia will become the 17th European Union (EU) country to share the Euro currency as of January 1st, the EU said on Tuesday.During the approval process, which began ... Read more...

Posted in World News |

World Economic Forum on Europe opens as rescue package is announced


May 11th, 2010 - 5:19 am ICT by BNO News
BRUSSELS (BNO NEWS) -- The World Economic Forum on Europe on Monday opened with the participation of over 400 leaders from businesses, governments, academia, and civil societies from over 40 countries as ... Read more...

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Greece to vote on austerity package after deadly riots


May 6th, 2010 - 9:57 pm ICT by IANS
Athens, May 6 (DPA) Greece's only chance to avoid bankruptcy is to accept money from a joint European Union-International Monetary Fund rescue programme, the government said Thursday ahead of a parliamentary vote ... Read more...

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EU sounds unemployment warning ahead of economic recovery (Lead)


September 14th, 2009 - 9:10 pm ICT by IANS
Brussels, Sep 14 (DPA) European Union (EU) governments should be braced for more job losses, officials in Brussels said Monday as they published forecasts pointing to a slow recovery in the 27-member ... Read more...

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EU sounds unemployment warning ahead of economic recovery


September 14th, 2009 - 4:49 pm ICT by IANS
Brussels, Sep 14 (DPA) More jobs will be lost in Europe before the economy recovers, the European Commission said Monday as it published forecasts pointing to a contraction in gross domestic product ... Read more...

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No recovery until 2010, eurozone ministers warn


March 10th, 2009 - 11:41 am ICT by IANS
Brussels, March 10 (DPA) The European economy is in much worse shape than previously anticipated and will not recover from recession before 2010, eurozone finance ministers have warned. However, European governments will resist ... Read more...

Posted in World |

EU faces deep, broad recession: European Commission


January 19th, 2009 - 6:24 pm ICT by IANS
Brussels, Jan 19 (DPA) Europe faces a deep and broad recession this year, the European Commission predicted Monday, with economic activity in the 16-strong eurozone set to shrink by 1.9 percent as ... Read more...

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‘EU recession risks real’ (Lead)


November 3rd, 2008 - 8:32 pm ICT by IANS
Brussels, Nov 3 (DPA) There is a "real risk" of the world's largest economy sliding into recession, officials warned Monday as the latest forecasts showed European Union (EU)'s growth grinding to a ... Read more...

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EU cuts economic growth forecasts


April 28th, 2008 - 6:12 pm ICT by admin
DPA Brussels, April 28 (DPA) Growth forecasts for world's largest economy, the European Union (EU), were Monday cut by about half a percentage point to 2 percent this year and 1.8 percent in ... Read more...

Posted in World |

Italy’s election - the country matters to Europ


April 9th, 2008 - 10:23 am ICT by admin
By Nicholas Rigillo Brussels, April 9 (DPA) There's nothing easier than to dismiss Italy as a botched-up place plagued by revolving-door governments, mountains of rubbish and dangerous mobsters. But despite the enormous problems ... Read more...

Posted in World |

Cyprus GDP up 4.6 per cent in the third quarter of 2007


January 15th, 2008 - 10:33 am ICT by admin
Nicosia, Jan 15 (ANI): The GDP of the eastern Mediterranean island of Cyprus grew by 4.6 per cent in the third quarter of 2007 compared to the same quarter of 2006-higher than ... Read more...

Posted in Business |

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