Eurozone Private-Sector Lending Drops
September saw lending to private companies in the eurozone fall substantially, as businesses reined in the urge to borrow and lenders remained reluctant to shell out.
BoE Votes to Continue QE as Split Emerges
Meanwhile, members voted to maintain the central bank’s interest rate at its current low of 0.5%.
Eurozone Confidence Falls Again
Economic confidence throughout the eurozone fell in July, reaching its lowest level since September 2009, and business confidence also headed lower for the fifth straight month as the eurozone crisis dragged on.
Eurozone Slumps Further as Fidelity Predicts Bailouts for Spain, Italy
Despite the formation of a new government in Greece and a rescue for the banking sector in Spain, it looks as if a long, hot summer is in store for the eurozone.
G7 Sets Crisis Conference Call After Soros Warning
G7 leaders planned a conference call Tuesday ahead of a scheduled mid-June summit meeting, after a weekend warning by the billionaire George Soros that Europe had just three months to salvage the euro.
Euro Zone Confidence Falls More Than Expected
Confidence in the euro zone is falling along with the economic picture, and it’s doing so faster than predicted.
U.K. Manufacturing Unexpectedly Falls
Manufacturing in the U.K. surprised economists by falling 1% in February, when they had expected it to increase by a small margin. To add to the glum news, January’s numbers were adjusted downward as well.
Euro Zone Employment, Manufacturing Fall
As the euro zone slipped back into recession, employment numbers dropped along with manufacturing, and the ranks of the jobless rose to about 17.13 million.
U.K. Unemployment Higher Than Expected
The rise in the rate of claims may push criticism that cuts in government spending by Prime Minister David Cameron are too aggressive as he attempts to reduce Britain’s deficit. Consumer confidence is sagging, based in part on fears of job loss, and the country’s economy contracted in Q4 of...
Euro Zone Economies Show Wide Growth Gap
Germany and France boosted euro zone growth considerably more than expected during Q1, while poorer nations in the 17-country group fared far less well.