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Eurozone - Page 3

EU summit fails to reach budget deal

The Brussels summit on the EU's long-term budget has ended without agreement. Ref. BBC

Eurozone

Eurozone recession deepened at end of 2012:

The eurozone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year. Ref. Source 7

Eurozone History & Civil Business Politics

Eurozone unemployment hits record high:

The Eurozone's jobless rate went up in January to a record 11.9%, from 11.8% in December, as the 17-member single-currency region continues to grapple with recession and the effects of stringent government cutbacks, according to figures reported Friday. Ref. Source 7

Page 3 Eurozone

Morici: The Insanity of the Cyprus Crisis: Op-Ed:

Cyprus did not manufacture its banking crisis. The European Central Bank and European Union bear that responsibility. Yet, Cypriots will pay the price for their dysfunctions. Ref. Source 8

Eurozone

Eurozone unemployment hits record high of 12%:

Spain and Greece continued to suffer from unemployment rates above 26%, and many other countries saw their figures increase to uncomfortable levels. Ref. Source 6

Eurozone

Europe Facing More Pressure to Reconsider Cuts as a Cure:

Unemployment has surpassed Great Depression-era levels in Southern Europe. Recession is drifting to the once resilient economies of the north. Even some onetime hawks on government spending say they cannot cut any more. Ref. Source 3

Eurozone - Page 3

Eurozone unemployment hits another record high

Unemployment rose to 12.2% in April from the previous record of 12.1% the month before. Ref. Source 9

Eurozone Politics Business Civil & History - Page 3

Eurozone comes out of recession

Eurozone emerges from recession after 18 months of economic contraction, with growth of 0.3% in past three months Ref. BBC