ARTICLES RELATING TO EUROZONE

Eurozone slump eases in May

2013-05-23 13:34

The downturn across eurozone businesses eased slightly in May, although a dearth of new orders means the bloc's economy is likely to contract again in the second quarter.

G7 to press on with bank reforms

2013-05-12 10:55

Group of Seven finance officials have agreed to redouble efforts to deal with failing banks and gave a green light to Japan's drive to galvanise its economy.

Eurozone approves Cyprus bailout

2013-04-14 08:50

Eurozone finance ministers have formally approved the terms of a problematic Cyprus debt rescue that will cost Nicosia far more than first thought.

Six million jobs lost in EU since 2008

2013-04-08 15:09

European Union economies have shed almost six million jobs since the global economic crisis struck in 2008, the International Labour Organisation says.

European shares extend losses

2013-04-04 12:13

European shares have fallen extending the previous session's sharp losses ahead of eurozone data.

Eurozone manufacturing slump deepens

2013-04-02 11:13

The downturn in the 17-nation eurozone's manufacturing sector deepened sharply in March, with even powerhouse economy Germany dragged down, a survey showed.

Govt: Cyprus deal heralds new beginning

2013-03-25 13:05

Despite painful aspects of the €10bn bailout, it will kick-start the economy and lay the groundwork for a new beginning, the Cypriot government says.

Cyprus bailout talks go to the wire

2013-03-24 10:07

Cyprus still has no final agreement on the terms of a bailout deal to save its economy from bankruptcy as it braces for make-or-break talks in Brussels.

S&P cuts Cyprus rating

2013-03-22 10:28

Ratings firm Standard & Poor's dealt a further blow to reeling Cyprus, cutting its credit rating as the eurozone country struggles to avoid a banking sector meltdown.

Cyprus deal on brink of collapse

2013-03-19 14:46

The central bank governor has warned that the €10bn eurozone bailout is in danger of collapse, after taxes on bank deposits had been scrapped.

Gold tops $1 609/oz on Cyprus bailout

2013-03-18 17:28

Gold extended earlier gains on Monday to hit its highest since late February, as a radical bailout package for Cyprus shook sentiment in the eurozone.

Cyprus mulls plan to seize bank deposits

2013-03-18 10:17

Cyprus' parliament will vote on a proposal to place a levy on money from bank deposits as part of an EU bailout, a move that has sent a shiver across the bloc.

Eurozone crisis not over - ECB's Weidmann

2013-03-12 13:41

The eurozone crisis is not over and governments must tackle the roots of their troubles with reforms, says Bundesbank chief Jens Weidmann.

Economic gloom overshadows EU meeting

2013-03-04 07:57

Eurozone finance ministers meet against the backdrop of a weak economy and increased political uncertainty after inconclusive polls in Italy.

ECB warns of low interest rates

2013-02-18 18:38

The European Central Bank outlined the risks of keeping interest rates low for a long period, suggesting that it is unlikely to slash rates further.

Eurozone breakup fades - survey

2013-01-28 18:39

The prospects of a country being forced to leave the 17-state bloc have all but vanished since the middle of last year, a survey shows.

ECB holds rates at record low of 0.75%

2013-01-10 15:23

The European Central Bank has held interest rates at a record low of 0.75% as the eurozone economy started showing glimmers of hope.

Worst of euro crisis is over - Germany

2012-12-27 18:55

The worst of the eurozone debt crisis is over as countries recognise the importance of implementing bitter reform measures, says Germany's finance minister.

Eurozone recovery hopes fade further

2012-12-12 19:12

Chances of a recovery for the eurozone economy have faded further into 2013, according to a poll of economists.

Eurozone is shaping up - study

2012-11-26 13:16

The euro zone is turning into a more balanced and potentially more dynamic economy thanks to market pressure, a study shows.

Eurozone business slump accelerates

2012-10-24 12:36

Eurozone private sector business activity slumped deeper into the mire in October, falling at its fastest rate since June 2009 to 40-month lows, a survey shows.

Record unemployment in eurozone

2012-08-01 14:36

Unemployment in the eurozone hit its highest level since the single currency was born, a further sign of economic desperation in the bloc.

 

EU eyes creditors to rescue banks

2013-05-14 16:56

EU finance ministers are seeking rules to shift the burden for bank failures from taxpayers to creditors.

Shares rise on central bank expectations

2013-04-29 11:44

European shares rise as investors counted on easy money from central banks in the eurozone and US to offset further disappointing global economic data.

EU approves Cyprus bailout terms

2013-04-12 15:28

Eurozone finance ministers have approved the terms of a Cyprus debt bailout as the overall cost increased to €23bn from the €17bn agreed.

Cyprus bailout swells to €23bn

2013-04-12 08:34

The cost of bailing out Cyprus has swollen to €23bn, with the crisis-hit country having to take on the lion's share of the measures needed to avoid bankruptcy.

Cyprus eurozone exit 'not an option'

2013-04-08 14:00

Finance Minister Haris Georgiades says leaving the eurozone would take Cyprus back centuries and insists there is no Plan B for reneging on a €10bn bailout.

Eurozone unemployment hits record high

2013-04-02 12:47

Eurozone unemployment ran at a record 12% in February, with more than 19 million people on the dole as the debt crisis continued to sap the economy.

Asian markets slip, spooked by eurozone

2013-03-28 07:59

Asian markets slipped and the euro sat around four-month dollar lows as eurozone fears reared again, with Italy's politicians still unable to form a government.

Cyprus secures bailout, avoids bankruptcy

2013-03-25 07:45

Cyprus has secured a €10bn package of rescue loans in tense, last-ditch negotiations, saving the country from a banking system collapse and bankruptcy.

Russia rebuffs Cyprus, EU awaits 'Plan B'

2013-03-22 13:29

Russia rebuffed Cypriot entreaties for aid, leaving the island's increasingly isolated leaders scrambling to strike a bailout deal with the European Union by next week.

Eurozone ready to discuss Cyprus bailout

2013-03-22 07:58

Eurozone finance ministers extended a Cypriot olive branch, saying they were willing to work on new plans to make work a bailout that re-draws the state's banking sector.

Cyprus 'unlikely' to pass bank tax law

2013-03-19 08:41

Cyprus's parliament is unlikely to pass legislation taxing deposits which has prompted turmoil in its banking system, a government spokesperson says.

Cyprus faces recession 'for decades'

2013-03-18 14:18

Russians are preparing to withdraw billions from Cyprus and the island will plunge into a long-lasting slump due to the terms of an EU bailout, economists warn.

SA favours growth over investors

2013-03-11 17:07

South Africa is focusing on boosting economic growth and reducing inequality rather than cutting spending to appease investors, says Finance Minister Pravin Gordhan.

Ultra-cheap eurozone loans hit a snag

2013-02-22 18:30

Eurozone banks do not seem ready to repay as much as expected of the cheap three-year loans made available to them by the European Central Bank, data shows.

Eurozone inflation nears ECB goal

2013-02-01 12:48

Eurozone inflation has fallen more than expected in January in a sign that companies were cutting prices to entice consumers at a time of record level joblessness.

Eurozone factory output falls again

2013-01-14 13:21

Output at eurozone factories fell for the third straight month in November as the end of 2012 probably marked the deepest point in the bloc's recession.

Signs of hope for eurozone

2013-01-04 14:33

Tentative signs the eurozone may have passed the worst of its downturn emerged in December but Britain's economy tipped back into contraction in the final months of 2012.

EU holds back on eurozone overhaul

2012-12-14 07:59

European leaders doused hopes of a radical eurozone overhaul, after brokering deals to control banks and refloat Greece seen as adequate to stem the immediate crisis.

Unemployment hits 19 million Europeans

2012-11-30 14:46

Eurozone joblessness has reached a new high and the poor state of the economy has reduced inflation to near two-year lows, raising the prospect of further rate cuts.

Unemployment grips eurozone

2012-10-31 12:45

Unemployment in the eurozone hit a record high in September with nearly 150 000 more jobs lost as the debt crisis continued to weigh, official data shows.

Eurozone narrowly escapes recession

2012-08-14 13:31

The eurozone economy narrowly skirted recession in the first quarter, but a debt crisis weighing more heavily on its periphery suggests the reprieve will be short-lived.

Oil cools eurozone inflation

2012-06-14 14:20

Eurozone inflation hit a 15-month low in May as fuel and transport costs fell, giving the European Central Bank leeway to cut interest rates.

 
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