Statistics of the EU

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

Austerity-driven Prague to focus on growth — 24 April 2013, 21:12 CET

Czech Prime Minister Petr Necas said Wednesday his centre-right government would be steering away from austerity to focus on economic growth.

'Probable' Spain will cut budget further: PM — 23 April 2013, 18:47 CET

It is "probable" that Spain will have to cut its state budget further this year, Prime Minister Mariano Rajoy said Tuesday, as his government struggles to bring down its deficit.

Eurozone must 'stay the course' on reforms: Germany — 23 April 2013, 18:07 CET

Germany argued Tuesday that the eurozone must stay the course with "already successful" reforms and fiscal discipline, a day after European Commission chief Jose Manuel Barroso suggested the tide may be turning against tough austerity.

Barroso says tide turning against austerity — 23 April 2013, 18:47 CET

The head of the European Commission has suggested that the political and social tide may have turned against austerity, just as major eurozone economies France and Spain seek more time to bring down their deficits.

Eurozone business activity still slumping — 23 April 2013, 11:02 CET

Private sector business activity remained weak across the eurozone in April, underscoring a gloomy medium-term outlook for the 17-state economy, the widely-watched Markit survey shows.

Higher German wages would harm eurozone: Bundesbank — 22 April 2013, 10:48 CET

A wide-scale rise in wages in Germany would not benefit other eurozone members, but would actually harm the single currency area as a whole, Bundesbank president Jens Weidmann said on Monday.

Poland may not be ready for euro for dozen years: minister — 19 April 2013, 21:11 CET

Poland's finance minister said Friday it may take a dozen years for the EU member to be ready to adopt the euro, adding there was no big need to rush to join.

Romania drops target date for euro adoption: report — 17 April 2013, 21:21 CET

Romania has dropped setting a target date for adopting the euro, a report said, although officials insisted Wednesday that joining the single currency remains a fundamental objective for the country.

Bundesbank chief says debt crisis could last a decade — 17 April 2013, 18:57 CET

The European debt crisis could take a decade to overcome, ECB council member Jens Weidmann said in an interview Wednesday, adding that the central bank could cut interest rates if new information warranted such a move.

ECB could cut rates further: German central bank chief — 17 April 2013, 18:57 CET

The European Central Bank could cut interest rates if new information warranted such a move, but may not actually prove very effective, ECB council member Jens Weidmann said in an interview Wednesday.

Hungary upbeat on growth, EU deficit procedure exit — 16 April 2013, 21:47 CET

Hungary's recession-hit economy is set to grow again through 2016, while a drop in the public deficit should allow it to exit the EU's excessive deficit procedure, Economy Minister Mihaly Varga said Tuesday.

ECB 'can't do everything for everyone': Draghi — 16 April 2013, 17:54 CET

The European Central Bank, in charge of monetary policy for 17 different countries, "can't do everything for everyone at any time," ECB chief Mario Draghi said on Tuesday.

Barroso offers hope of more aid for Cyprus — 16 April 2013, 17:03 CET

The European Commission said Tuesday that member states could be asked to provide additional help for newly bailed-out Cyprus, whose economy is set for a dramatic and painful downsizing.

Eurozone inflation falls in March, but wide variations — 16 April 2013, 12:53 CET

Inflation across the 17-state eurozone eased further in March to 1.7 per cent, comfortably below the European Central Bank's target of near-but-below two per cent, official data showed on Tuesday.

Eurozone posts trade surplus of EUR 10.4 bn in February — 15 April 2013, 16:11 CET

The 17-nation eurozone posted a trade surplus of 10.4 billion euros ($13.6 bn) after recording a revised deficit of 4.7 billion euros in January, Eurostat said on Monday.

Eurozone approves problematic Cyprus bailout — 12 April 2013, 19:27 CET

Eurozone finance ministers formally approved Friday the terms of a problematic Cyprus debt rescue that will cost Nicosia far more than first thought.

Eurozone backs 7-year Irish, Portuguese debt extension — 12 April 2013, 16:41 CET

Eurozone finance ministers favour giving bailed-out Ireland and Portugal an extra seven years to repay the aid they received to save them from collapse, Eurogroup head Jeroen Dijsselbloem said on Friday.

Cyprus battles to close six-billion-euro bailout gap — 12 April 2013, 13:57 CET

Cyprus battled Friday to close a six-billion-euro gap in its eurozone bailout, with finance ministers seeking hard answers and Nicosia begging for help at talks in Dublin.

Eurozone industrial output up 0.4% in February — 12 April 2013, 12:04 CET

Industrial output in the 17-nation eurozone rose 0.4 per cent in February compared with January, when it fell 0.6 percent, official data showed on Friday.

Europe bids to close Cyprus bailout gap — 12 April 2013, 11:58 CET

Eurozone finance ministers meet Friday in Dublin hoping to finish negotiations on the contentious Cyprus bailout after Nicosia said the cost had surged to 23 billion euros ($30 billion).

Lagarde says some eurozone banks may need to close — 10 April 2013, 19:21 CET

International Monetary Fund chief Christine Lagarde on Wednesday called on European authorities to step up banking system reform, including closing some banks if necessary.

Slovenia 'agrees' with EU criticisms — 10 April 2013, 18:00 CET

Eurozone member Slovenia's government said Wednesday it was working to resolve problems outlined in a stark warning by the European Commission that "urgent action" was needed to tackle imbalances.

EU warns France to get to grips with 'major challenge' of debt — 10 April 2013, 15:58 CET

The European Commission singled out France on Wednesday for some harsh warnings over serious public sector debt levels that could prove the Achilles heel for the entire eurozone.

EU warns Spain, Slovenia pose biggest economic risks — 10 April 2013, 17:57 CET

Spain and Slovenia pose the biggest economic risks and must quickly tackle excessive imbalances while France's growing debt is turning into the eurozone's "major challenge", warns the Commission,

Slovenia needs ESM support: IIF — 09 April 2013, 23:25 CET

The influential banking association, the Institute for International Finance, urged European authorities Tuesday to extend precautionary credit assistance to Slovenia to avert a potential larger bailout.