Statistics of the EU

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

IMF confirms talks on possible loan to Cyprus — 07 November 2012, 18:52 CET

The International Monetary Fund confirmed Wednesday that a team is headed to Cyprus this week for talks on a possible bailout deal for the island's recession-hit economy.

EBRD calls for non-euro nations to join ESM bailout fund — 07 November 2012, 18:50 CET

The European Bank for Reconstruction and Development has called for the EU's proposed 'banking union' to allow non-euro countries to contribute to and borrow from the eurozone's debt bailout fund.

Eurozone crisis takes toll as Greece votes on austerity — 07 November 2012, 17:53 CET

The eurozone debt crisis is taking a worse than expected toll on growth, EU forecasts showed Wednesday, as Greece faced a key vote on new austerity measures in return for urgently needed bailout funds.

Merkel says EU must come closer together — 07 November 2012, 18:47 CET

German Chancellor Angela Merkel told Europe's Members of Parliament Wednesday that Europe's nations must integrate more and allow Brussels to police national budgets when necessary if the bloc is to maintain unity and prosperity.

Europe faces drawn-out, painful economic recovery — 08 November 2012, 11:09 CET

Europe's economic prospects have dimmed considerably, new EU forecasts showed Wednesday, pointing to a drawn-out and painful recovery before any return to growth.

France drifting towards eurozone danger — 07 November 2012, 23:05 CET

France could be slipping into dangerous territory with its bid to bring excessive spending back within EU limits next year expected to fail, the EU said on Wednesday.

Eurozone economy to remain weak for now: ECB's Draghi — 07 November 2012, 16:49 CET

The economic situation in the 17-nation eurozone is weak and will remain so for the time being, European Central Bank President Mario Draghi warned on Wednesday.

EU cuts growth forecasts — 07 November 2012, 16:03 CET

The European Commission on Wednesday cut its EU and eurozone economic forecasts, saying the situation remained fragile although a return to growth was widely seen for 2014.

Greece to exit seven-year recession in 2014 — 07 November 2012, 15:55 CET

Ravaged by years of debt, austerity and violent protests against hardline economic policies, Greece will finally exit a seven-year recession in 2014, the EU said Wednesday.

EU slashes eurozone growth forecast for 2013 — 07 November 2012, 16:06 CET

The European Commission on Wednesday slashed its eurozone economic growth forecast for next year to just 0.1 per cent, six months after tipping a much stronger recovery of 1.0 per cent.

Troika headed for Cyprus to broker bailout deal — 07 November 2012, 16:51 CET

The troika of international lenders is due to arrive in Cyprus on Thursday to complete a draft agreement on a bailout deal to rescue the island's recession-hit economy and Greece-exposed banks.

Spain faces deficit blow-out, slower growth: source — 06 November 2012, 19:36 CET

Struggling Spain, reluctant to call for a debt bailout, faces slower growth and a much bigger public deficit than its government initially expected, according to new EU estimates seen by AFP Tuesday.

Eurozone downturn gathers pace in October — 06 November 2012, 13:01 CET

Private sector business activity across the eurozone shrank at its fastest rate in three-and-a-half years in October, a key survey showed on Tuesday.

Eurozone companies see access to credit deteriorating: ECB — 02 November 2012, 12:42 CET

Small and medium-sized enterprises in the euro area expect a further narrowing of access to bank credit over the next six months, the European Central Bank found in a survey on Friday.

Greece: condemned by its rising debt — 02 November 2012, 12:21 CET

Greek debt has turned into a modern version of a nightmare from mythology in which the more the country cuts and taxes to climb the mountain, the deeper down it falls.

Eurozone manufacturing slows further — 02 November 2012, 12:44 CET

The eurozone manufacturing sector was stuck in the doldrums for a fifteenth month running in October, getting the fourth quarter off to a weak start and offering no hope for change in the near future.

Eurozone jobless rate hits record 11.6% — 31 October 2012, 22:56 CET

Unemployment in the eurozone hit a record high in September with nearly 150,000 more jobs lost as the bloc's debt crisis further undermines an economy slumping into recession, EU data shows.

Eurozone inflation eases to 2.5% in October — 31 October 2012, 11:19 CET

Inflation in the 17-state eurozone eased to 2.5 per cent in October from 2.6 percent in September, official data showed on Wednesday, as the slowing economy took the pressure off prices.

Cyprus 'close' to troika bailout deal: minister — 28 October 2012, 21:03 CET

Cyprus is close to striking a deal over the terms of a bailout with a troika of lenders to save its Greece-exposed economy, Finance Minister Vassos Shiarly said in an interview published on Sunday.

Hollande against 'draconian' bailout for Cyprus — 26 October 2012, 13:52 CET

French President Francois Hollande on Friday urged a troika of international lenders not to impose "draconian" measures on Cyprus to rescue its Greece-exposed economy.

EU debt mountain continues to grow — 24 October 2012, 16:16 CET

European national debt levels have continued to rise way above EU limits, official data showed Wednesday, as the eurozone debt crisis undermines government revenues.

Eurozone business slump accelerates: Markit — 24 October 2012, 11:11 CET

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 closely watched survey showed Wednesday.

No deal yet on Greek deficit target: ECB's Asmussen — 24 October 2012, 10:42 CET

Greece's creditors have not yet struck a deal to give Athens two more years to rein in its runaway public deficit, a top European Central Bank official said on Wednesday.

Bundesbank, federal auditors in spat over gold reserves — 23 October 2012, 15:43 CET

The Bundesbank locked horns with the federal court of auditors Tuesday over criticisms the German central bank is not keeping proper track of its vast reserves of gold.

Eleven EU nations get go-ahead on 'Robin Hood' finance tax — 23 October 2012, 19:34 CET

The Commission has backed plans by 11 EU nations to launch a hotly contested "Robin Hood" financial transactions tax (FTT) that is tipped to raise billions for the public purse.