Statistics of the EU

Latest business news about statistics, facts and figures of the European Union

Only scenario for ECB is that Greece stays in euro: official — 21 May 2012, 11:47 CET

The European Central Bank's "plan A" is for Greece to remain in the single currency and that is the only scenario the central bank is working on, a top ECB official said on Monday.

Greeks also voting on euro membership at polls: Schaeuble — 21 May 2012, 11:09 CET

Greeks will not only be electing lawmakers in elections next month but voting on whether their country stays in the eurozone, German Finance Minister Wolfgang Schaeuble said on Sunday.

Europe on journey to the unknown if Greece exits — 20 May 2012, 14:32 CET

As investors and European leaders big and small tot up the potential cost of Greece departing the euro, the European Union too stands perilously close to meltdown after six decades in the making.

A 'how-to' guide for Greeks escaping the euro — 20 May 2012, 14:31 CET

Once a taboo, Greece's exit from the eurozone is now regarded as a realistic option that will require deft handling to avoid bank runs and economic calamity.

Greek exit talk edges euro towards tipping point — 20 May 2012, 14:31 CET

Greece could be weeks from a euro exit crunch as an electoral revolt against EU austerity and a run on banks nudges the debt-laden eurozone towards a long-predicted tipping point.

Obama hails progress on euro crisis — 20 May 2012, 14:31 CET

US President Barack Obama hailed progress made in tackling Europe's economic crisis at the end of a G8 summit on Saturday, noting leaders' agreement that growth and jobs must be the priority.

German paper insists Merkel suggested Greek euro referendum — 19 May 2012, 20:14 CET

Germany's leading weekly Der Spiegel backed claims by Athens that Angela Merkel suggested Greece hold a referendum on euro membership alongside general polls, despite the chancellor's denial.

Greece euro exit threatens all Europe: Greek left leader — 19 May 2012, 12:55 CET

Greek poll front-runner Alexis Tsipras, buoyed by a groundswell of opposition to EU-IMF imposed austerity measures, says forcing his country out of the eurozone would sink the region as a whole.

Berlin denies Merkel proposed Greek euro referendum — 18 May 2012, 23:19 CET

A spokeswoman for German Chancellor Angela Merkel denied Friday that she had suggested Greece hold a referendum on its euro membership alongside general elections next month, as claimed by Athens.

US, France forge growth position heading into G8 — 18 May 2012, 23:30 CET

The United States and France firmly agreed on the need for strong pro-growth policies to loosen an austerity straitjacket Friday, ahead of a G8 summit darkened by the eurozone crisis.

Merkel suggests Greek vote include euro referendum: Athens — 18 May 2012, 23:17 CET

German Chancellor Angela Merkel has suggested that Greece hold a referendum on its euro membership alongside general elections next month, the Greek caretaker prime minister's office said Friday.

Commissioner says planning in hand in case Greece defaults — 18 May 2012, 18:36 CET

The EU's Trade Commissioner Karel De Gucht said on Friday that the European Commission and European Central Bank had begun "emergency" planning in case Greece defaults.

Spanish bank crisis deepens; markets await summit — 18 May 2012, 18:35 CET

Spanish banks skidded deeper into a credit crisis on Friday as world leaders headed to the United States to try to prevent a Greek-driven eurozone catastrophe.

Spanish banks' debt ratings cut amid recession — 18 May 2012, 11:11 CET

Concerns over Europe's debt crisis deepened as the ratings of 16 Spanish banks were cut after the country slipped into recession while Greece was also downgraded on fears it could exit the eurozone.

China 'concerned' over Europe woes — 18 May 2012, 10:56 CET

Global powerhouse China is "very concerned" about the turmoil in Europe, Australia said, and will push for the world's leading economies to make a commitment to growth at the G20 summit in Mexico.

Spain falls into recession amid fears of eurozone bank run — 17 May 2012, 22:25 CET

Spain tumbled into recession and European stock markets and the euro fell Thursday as Greece installed a crisis government and the spectre of a run hung over eurozone banks.

EU must 'stay the course' in debt war: Barroso — 17 May 2012, 18:35 CET

The European Union must "stay the course" in its battle against debt, EU Commission chief Jose-Manuel Barroso said Thursday, arguing that massive investment alone would not create growth and jobs.

Spain falls into recession amid fears of eurozone bank run — 17 May 2012, 15:39 CET

Spain tumbled into recession and European stock markets and the euro fell Thursday as Greece installed a crisis government to tackle its crippling debt.

Britain's Cameron ups pressure on eurozone leaders — 17 May 2012, 18:31 CET

British Prime Minister David Cameron on Thursday renewed his call for eurozone leaders to take decisive action or face the break-up of the single currency over the Greek debt crisis.

Greece debt negotiator urges less pressure on Athens — 16 May 2012, 21:50 CET

The man who represented banks in Greek debt writeoff talks urged less fiscal pressure on Athens Wednesday, warning that it could force a devastating Greek exit from the eurozone.

Clinton 'heartened' by new European stress on growth — 16 May 2012, 18:42 CET

US Secretary of State Hillary Clinton said she is "heartened" to see Europe's leaders now searching for a consensus on policies promoting economic growth and not just austerity.

Bank of England cuts growth forecasts, warns on euro crisis — 16 May 2012, 17:18 CET

The Bank of England on Wednesday cut its forecast for British growth and warned that the eurozone debt crisis was the biggest threat to recovery, even if a credible solution is found.

Europe warns Greece no change to bailout terms — 16 May 2012, 21:48 CET

EU leaders want Greece to stay in the eurozone but partners will not change their bailout deal, says the head of the European Commission, while pledging investments to nurture growth.

Eurozone inflation eases to 2.6% in April — 16 May 2012, 15:34 CET

Eurozone inflation eased only slightly to 2.6 per cent in April from 2.7 per cent in March, EU figures show, marking the 17th month running during which inflation has exceeded its target.

Eurozone posts March trade surplus of 8.6 bn euros — 16 May 2012, 12:00 CET

The eurozone logged a trade surplus with the rest of the world of 8.6 billion euros in March, improving its downward-revised surplus of 2.3 billion euros in February.