Eurozone Economy

Swift ECB Action Aims to Defuse Deflation Risk

Martin Koehring | Posted 23.01.2014 | UK
Martin Koehring

Average euro zone inflation was a provisional 0.7% in October, much weaker than the ECB's official target of "close to but below 2%". It is not just the low level of inflation that has been a concern for the Bank, but the rapid decline in recent months: between July and October the rate fell by 0.9 percentage points, from 1.6% to 0.7%.

The Eurozone's Growth Is Still Chilling (PICTURE)

The Huffington Post UK | Asa Bennett | Posted 09.10.2013 | UK Politics

George Osborne may be celebrating the International Monetary Fund's decision to boost its UK economic forecasts by more than any other major economy, ...

Mediterranean Maelstrom Causes Vodafone To Report £5.92bn Writedown

Charlie Thomas | Posted 13.11.2012 | UK

Mobile phone giant Vodafone has suffered a half-year loss after being forced to write down the value of its operations in Italy and Spain. The Brit...

Stock markets Down, Borrowing Costs Up

PA | Posted 23.07.2012 | UK

Investors ran for cover on Monday as fears that Spain was next in line for a full-blown government bailout intensified. The FTSE 100 Index was more...

Spain's Banks To Receive EU Bail Out Funds

PA | Posted 29.06.2012 | UK

European leaders today threw a lifeline to Spain - agreeing that its tottering banks should have direct access to EU bail out funds without adding to ...

Cameron Questions Single Currency Survival

PA/Huffington Post UK | Posted 17.05.2012 | UK Politics

The survival of the European single currency is in question, creating "huge risks" for Britain's economy, Prime Minister David Cameron said today. ...