Greece set for first debt reduction talks

2015-01-30 11:15

Greece's new anti-austerity government is set to hold its first talks with its eurozone partners about a reduction in the massive debts linked to its €240bn bailout.

Eurozone in firing line over growth, Greece

2014-10-16 15:45

After a two year rest, the eurozone is back in the financial markets' firing line over stagnating growth, low inflation and budget problems in France and Greece.

Italy and China sign €8bn business deals

2014-10-15 09:54

Italy and China have signed business deals worth about €8bn, deepening Beijing's commercial ties with the eurozone's No 3 economy.

Cyprus, EU data rattle shares and euro

2013-03-21 14:59

Signs the eurozone's economic downturn is deepening and worries over a possible financial meltdown in Cyprus sent world shares, oil and the single currency lower.

Eurozone falls deeper into recession

2013-02-14 14:03

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

Rand eases ahead of data

2012-12-06 10:04

The rand has eased slightly against the dollar in early trade ahead of key domestic current account data and weakness in the euro.

OECD: Eurozone crisis to hamper recovery

2012-11-27 13:21

The OECD cut growth forecasts for most countries in the European Union's eastern wing.

Greece averts default with bond success

2012-03-09 09:54

Athens has staved off an immediate defaut after a bond swap deal which will ease its massive public debt and clear the way for a new international bailout.

Optimism grows despite eurozone crises

2012-01-30 12:26

Confidence in the eurozone economy strengthened in January for the first times since early 2011 although the picture across the region remains mixed.

Gloomy ECB pumps in more liquidity

2011-10-06 15:57

The European Central Bank says it sees intensified threats to the eurozone economy and will provide ailing banks with longer-term liquidity.

Geithner urges EU act to contain crisis

2011-07-18 17:57

US Treasury Secretary Timothy Geithner says European leaders must do more to contain the escalating debt crisis in Europe.

Eurozone debt crisis lingers on

2011-07-10 16:14

After a glimmer of hope in the Greek debt crisis, is it back to the drawing board for eurozone leaders as they struggle to protect the single currency and its 17-nation economy.

EU confident Greece will get next payout

2011-06-16 16:16

Eurozone countries will likely agree on Sunday to pay Greece its next rescue loan, saving it from the immediate risk of default, EU's top economic official says.

Greek standoff rattles eurozone

2011-05-25 18:25

Greece's debt crisis again caused jitters as the International Monetary Fund refused to release its share of rescue funds unless the EU upped its aid.

Central banks urge 'budget corrections'

2011-05-09 17:40

Central bankers are pressing advanced economies improve their budgets while fast growing emerging nations must guard against overheating, ECB chief Jean-Claude Trichet says.

Eurozone private sector lending stronger

2011-03-25 12:16

The growth rate in eurozone bank loans to the private sector has risen again, according to the European Central Bank, signalling support for growth.

EU mulls overhaul of euro rescue fund

2011-01-31 11:16

EU leaders are negotiating an overhaul of the eurozone's €440bn rescue fund in exchange for new austerity measures, reports the Financial Times.

Eurozone posts €9.8bn trade deficit

2010-12-20 13:02

The eurozone's balance of payments worsened slightly to a deficit of €9.8bn in October, the European Central Bank says.


EU calls for free trade deal with US in 2015

2014-12-19 09:45

The European Union and the US should do do everything possible to finish negotiating their landmark free trade deal in the new year, say EU leaders.

Eurozone is fragile, warns Merkel

2014-11-04 18:20

German Chancellor Angela Merkel says the eurozone is extremely fragile, making clear that Europe's biggest economy will not borrow more to invest.

EU rescue fund faces Fitch downgrade

2014-10-16 09:43

Fitch ratings agency has put the EU's €500bn bailout fund on review for a possible downgrade, triggered by concerns over France's budget deficit battle.

Eurozone banks face toughest test yet

2014-04-27 17:23

Deflation fears, emerging markets turmoil and a determination to avoid past mistakes mean European regulators are likely to set the toughest tests yet for banks.

Eurozone in reverse, China speeds up

2013-03-21 14:10

The eurozone's economic downturn deepened this month, but China's factories took a completely different path and moved up a gear.

JSE off its highs‚ awaiting data

2012-12-06 11:12

The JSE all share index has been slightly short of its record high reached yesterday.

Euro zone downturn eases slightly

2012-12-05 13:55

The euro zone's economic slump has been less pronounced in November but there are few signs the region will emerge from recession any time soon.

Eurozone GDP to fall by 0.3% this year

2012-08-09 15:05

The eurozone economy will contract by 0.3% in 2012 before recovering more slowly than expected next year to expand by 0.6%, has revealed the European Central Bank.

EU drags on world economy, US fares better

2012-03-01 18:32

Sputtering factory activity in Europe has cast a shadow over global economic recovery, although four-year lows for US jobs claims provided some relief.

Eurozone heading for sharp slowdown

2011-12-05 11:16

Business surveys suggest the eurozone debt crisis has already pushed the common currency area's economy into a worse-than-expected contraction.

EFSF: Eurozone crisis over in three years

2011-08-28 11:50

The head of the European Financial Stability Facility, Klaus Regling, believes the eurozone will overcome its current debt crisis by 2014.

EU ministers open door to Greek default

2011-07-12 11:40

Eurozone finance ministers no longer rule out selective default for Greece, although investors have taken fright at the lack of a deadline for new measures.

IMF: EU crisis threatens global economy

2011-06-20 16:47

The International Monetary Fund says eurozone debt problems could cause "large global spillovers" if decisive action is not taken to contain them.

Greek PM reshuffle plan in doubt

2011-06-16 16:14

A string of resignations has threatened to thwart Greek Prime Minister George Papandreou's plan to reshuffle cabinet and pass new austerity measures.

Merkel guarded on new aid for Greece

2011-05-10 17:20

German Chancellor Angela Merkel says she could only discuss further aid for Greece after EU and IMF officials report on implementation of its existing rescue plan.

Global stocks edge up

2011-03-25 17:30

World stocks eked out gains on signs of a buoyant economy while the euro slipped against the dollar on increasing concern about the worsening debt crisis in Portugal.

Eurozone debt crisis intensifies

2011-03-10 16:00

Spain's credit rating downgrade and the possibility of Portugal needing a bailout have heaped pressure on the eurozone on the eve of a summit of its leaders.

French trade deficit widens

2011-01-07 17:26

The French trade deficit in November widened to €3.87bn from €3.71bn in October, official data has shown.

Eurozone PMI slows for second month

2010-07-05 11:50

A key leading indicator of growth in the eurozone has slowed for the second month in a row amid weaker exports, waning domestic demand and a slowdown in orders.

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