Tag: Eurozone
G8 leaders Expressed their Support for Greece to Remain in the Eurozone
The G8 leaders expressed today their “concern that Greece remains in the euro area while respecting its commitments” In a statement issued at the presidential residence off at Camp David (Maryland), where they hold their annual summit, leaders of the developed countries and Russia indicated that they support “the determination of eurozone leaders to resolve [...]
The Crisis in the Eurozone and Iran Starring the G8 Summit at Camp David
The debt crisis in Europe, the Iranian nuclear program and the situation in Syria will be among the protagonists of the great themes of the G8 summit which opens today at Camp David (USA). U.S. President Barack Obama will receive in the presidential summer residence in the Catoctin Mountains of Maryland to the leaders of [...]
Lagarde Warned that Greece Might Still Leave the Euro and EU
Managing Director International Monetary Fund (IMF), Christine Lagarde, does not rule out that Greece still be headed toward bankruptcy and have to abandon the euro and the European Union, according to an excerpt from an interview with CBS which airs this Sunday. According to Lagarde, “there is still medicine to take and that’s what happens [...]
Retail sales fell 0.1 percent in the eurozone and 0.4 percent in the EU in February
The volume of retail sales in February fell 0.1% in the euro area and by 0.4% across the European Union (EU) from the previous month, according to figures released today by Eurostat, the office Community statistics. In January, retail trade had experienced an increase of 1.1% in the euro area and 0.9% in the EU. [...]
New Record of Unemployment in the Eurozone, 10.8% in February
The unemployment rate in the euro area in February stood at 10.8% of the workforce, compared to 10.7% in January, setting a new record in 25 years, reported Monday the European statistics office, Eurostat. In total, 17.13 million people were registered in February in the unemployment rolls in the Eurozone, 162,000 more than in January [...]
Construction fell by 0.8 percent in the eurozone and 4.1 percent in the EU in January
Production in the construction sector fell by 0.8% in the euro area in January from the previous month and 4.1% across the European Union (EU), reported the statistical office Eurostat Community. Last December, production had fallen by 1.9% in the euro area and 3.8% in all member countries. In annual terms, construction activity fell by [...]
Employment rose 0.2 percent in the eurozone and 0.3 percent in the EU in 2011
Employment rose 0.2% in the euro area and 0.3% in the EU in 2011 compared with the previous year, according to data released today by Eurostat, the statistical community. Last year closed with positive employment data after 2010 will accumulate down 0.5% in both euro as partners in member countries. Compared with the fourth quarter [...]
