Statistics of the EU

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

ECB governor defends bank against inflation charge — 23 October 2012, 13:24 CET

The European Central Bank's anti-crisis measures are not fuelling inflation, a top ECB governor assured on Tuesday, rejecting recent criticism to that effect in Germany.

EU should help car makers eliminate overcapacity: French institute — 23 October 2012, 13:23 CET

The European Union should provide financial support to car makers to eliminate overcapacity in the industry, a state-funded French institute said on Tuesday.

EU total debt mounts, deficits ease in 2011 — 22 October 2012, 19:21 CET

Eurozone member states did better last year at controlling their budget deficits but overall debt levels continued to rise well above EU limits even if the economy performed well in 2011.

World's oldest bank contests Moody's sovereign downgrade — 18 October 2012, 17:13 CET

Banca Monte dei Paschi di Siena, the world's oldest bank still in business, has contested a credit rating downgrade by Moody's to "junk" status saying its financial situation was solid.

Cyprus expects troika bailout talks next week — 17 October 2012, 18:12 CET

Eurozone member Cyprus said Wednesday the troika of international lenders was expected on the island next week to discuss the terms of a bailout to save Greece-exposed banks and the economy.

Merkel backs stronger role for EU's finance chief — 17 October 2012, 17:34 CET

Chancellor Angela Merkel backs a beefed-up role for the European Commission's top finance official, a German government spokesman indicated Wednesday, ahead of an EU summit on the future of the euro.

Hollande says end of euro crisis 'very close', warns Germany — 17 October 2012, 16:24 CET

French President Francois Hollande said Wednesday the end of the eurozone crisis is "very close" but warned Germany to stop thinking Berlin should have the only say on how to tackle Europe's debt woes.

ECB official backs German minister on budget controls — 17 October 2012, 13:07 CET

The European Commission should have the power to reject a country's budget if debt and deficit problems are not sufficiently addressed, a top European Central Bank official said on Wednesday.

Charity warns of 'new poverty' in Italy — 17 October 2012, 12:12 CET

Italy's crisis is pushing growing numbers of pensioners and housewives into poverty, a Catholic charity said in a report on Wednesday that warned the state welfare system was failing to cope.

French president says end of eurozone crisis 'very close' — 17 October 2012, 11:57 CET

French President Francois Hollande said Wednesday an end to the crisis in the eurozone was "very close".

Italy, Spain need plan with financing 'guarantee': IMF — 17 October 2012, 11:57 CET

IMF chief economist Olivier Blanchard said in an interview published Wednesday it was "fundamental" that Italy and Spain be given a plan that would guarantee financing on condition they implement key reforms.

ECB official backs German minister on budget controls — 17 October 2012, 10:51 CET

The European Commission should have the power to reject a country's budget if debt and deficit problems are not sufficiently addressed, a top European Central Bank official said Wednesday.

Germany wants to beef up Commissioner's role — 16 October 2012, 13:40 CET

The German government wants rapid changes to the European Union treaty, handing a stronger role to the Economic and Monetary Affairs Commissioner, Finance Minister Wolfgang Schaeuble said Tuesday.

German investor sentiment improves as euro crisis fears ease — 16 October 2012, 13:47 CET

Investor sentiment is cautiously improving in Germany, as fears about a break-up of the euro have eased somewhat in recent weeks, data showed on Tuesday.

Germany, France differ sharply on pooled eurozone borrowing — 16 October 2012, 15:25 CET

France and Germany traded barbs Tuesday over a controversial proposal for eurozone members, weak and strong alike, to pool their debt risk by issuing common bonds to raise funds.

Eurozone inflation revised down to 2.6% in September — 16 October 2012, 13:37 CET

Eurozone inflation was revised downwards on Tuesday to 2.6 per cent for September, down from an initial 2.7 percent but still well above the European Central Bank's target.

Portuguese government submits austerity budget — 16 October 2012, 00:09 CET

The Portuguese government pushed ahead on Monday with a draft 2013 budget that includes massive tax rises and spending cuts, just two days after mass street protests against further austerity.

European bank supervision plan needs more work: Berlin — 15 October 2012, 19:26 CET

A blueprint for a European banking supervisory system to be set up to help counter the eurozone crisis is not ready for a decision by EU leaders this week, the German government spokesman said Monday.

Bailout for Spain would cost Italy 1.5% of GDP: minister — 15 October 2012, 13:12 CET

Italy's contribution to a hypothetical bailout for Spain would cost 1.5 percent of its gross domestic product (GDP), Finance Minister Vittorio Grilli said in an interview in La Repubblica on Friday.

Portuguese draft budget set to raise taxes despite austerity fatigue — 15 October 2012, 13:29 CET

The Portuguese government was all set to push ahead on Monday with massive tax rises in a draft 2013 budget just two days after mass street protests against further austerity.

Van Rompuy details eurozone budget rationale — 13 October 2012, 12:14 CET

EU President Herman Van Rompuy argued Friday that the 17-state eurozone could have a central 'Treasury' with a shared budget and raise funds on commercial bond markets.

Hungary PM tells Merkel not against euro in principle — 11 October 2012, 17:09 CET

Hungary is not opposed to joining the euro in principle, but believes it would not be beneficial to do so at the moment, the country's prime minister Viktor Orban said here on Thursday.

Italy's borrowing costs mostly lower in EUR 6bn bond sale — 11 October 2012, 12:48 CET

Italy's borrowing costs were mostly lower in a bond auction on Thursday that raised 6.0 billion euros although the rate on bonds coming due in three years was higher than last month.

Hungary sees no obligation to join euro: PM — 10 October 2012, 17:52 CET

Hungary is under no obligation to join the euro and doing so at the current juncture would be "irresponsible", the country's prime minister Viktor Orban said in a newspaper interview Wednesday.

Spain meets France on crisis, IMF urges action on euro debt — 10 October 2012, 13:10 CET

The leaders of France and Spain met on the eurozone crisis on Wednesday, amid IMF calls for urgent action to control debt which is threatening the global economy.