Statistics of the EU

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

ECB sees eurozone economy shrinking in 2012, 2013 — 06 December 2012, 17:09 CET

The eurozone economy is set to contract both this year and next year, but will return to growth in 2014, the European Central Bank predicted on Thursday.

Eurozone economy contracted 0.1% in Q3 — 06 December 2012, 14:40 CET

The eurozone economy shrank 0.1 per cent in the third quarter, Eurostat said Thursday, confirming its original estimate that showed the 17-nation currency bloc had fallen back into recession.

Dublin announces new EUR 3.5 bn austerity budget — 05 December 2012, 18:37 CET

Bailed-out eurozone member Ireland on Wednesday launched its sixth consecutive austerity budget which seeks to claw back 3.5 billion euros via painful taxation hikes and public spending cuts.

Eurozone downturn may have hit 'nadir': Markit — 05 December 2012, 16:58 CET

Private sector business activity across the eurozone may have hit a three-and-a-half-year "nadir," the Purchasing Managers Index (PMI) survey showed on Tuesday.

Cyprus president blames banks for bailout — 04 December 2012, 22:48 CET

President Demetris Christofias on Tuesday blamed "criminal" action by Greek-exposed banks for Cyprus having to accept painful bailout terms for EU aid.

EU declares eurozone Malta back inside deficit limits — 04 December 2012, 22:42 CET

The European Union declared Tuesday that the eurozone Mediterranean island economy of Malta was officially back within bloc deficit limits, a rare bright light after three years of the debt crisis.

EU clears extra two years for Greek deficit target — 04 December 2012, 22:45 CET

The European Union cleared on Tuesday an extra two years for Greece to bring its public deficit within formal EU limits, the latest piece of an Athens bailout jigsaw puzzle.

Greece launches debt buyback as Spain bank cash agreed — 03 December 2012, 23:51 CET

Greece launched Monday its bid to buy back privately held debt at a big discount, freeing eurozone finance ministers to nod through 39.5 billion euros to recapitalise Spain's banks next week.

Juncker wants to step down as Eurogroup head: report — 03 December 2012, 21:15 CET

Luxembourg Prime Minister Jean-Claude Juncker will ask eurozone finance ministers to announce that he plans to step down as head of their Eurogroup early next year, the German business daily Handelsblatt said in its edition due out on Tuesday.

Greece launches debt buyback amid eurozone scrutiny — 03 December 2012, 19:32 CET

Greece launched an operation on Monday to buy back privately-held debt at a big discount, with eurozone finance ministers in Brussels studying the terms on offer alongside plans to bail out Cyprus too.

Eurozone manufacturing picks up slightly: PMI — 03 December 2012, 11:31 CET

The eurozone manufacturing sector showed signs of a slight improvement in November but overall remained stuck deep in the doldrums for a 16th month running, a key survey showed on Monday.

Euro finance bosses tackle banks, bailouts — 02 December 2012, 18:50 CET

European finance ministers regroup in Brussels on Monday for two-day talks focused as much on EU-wide problems installing cross-border banking supervision as on eurozone bailouts.

Cyprus banks need 'up to 10 billion euros in aid' — 30 November 2012, 15:17 CET

Cyprus' troubled banking system may need as much as 10 billion euros in EU bailout funds to recapitalise, a figure in line with expectations, the central bank chief said on Friday.

Eurozone's youth hit as jobless rate climbs to record — 02 December 2012, 18:48 CET

Almost one in four young Europeans was out of work in October as unemployment in the eurozone hit a new record high, with more than 170,000 jobs lost as the economy slumped into recession.

Big drop in eurozone inflation to 2.2% in November — 30 November 2012, 11:11 CET

Inflation in the 17-state eurozone fell sharply to 2.2 per cent in November from 2.5 per cent in October, official data showed on Friday, as the slowing economy took the pressure off prices.

ECB stands by euro, governments must reform — 30 November 2012, 12:14 CET

The European Central Bank stands ready if needed to defend the euro which will be stronger if the EU makes progress on integration, ECB head Mario Draghi said on Friday.

Clinton urges Europe to do more on economy — 29 November 2012, 23:21 CET

US Secretary of State Hillary Clinton urged Europe Thursday to resolve the eurocrisis and seek ways to promote growth and jobs as she praised America's "revitalized relationship" with the region.

Eurozone economic sentiment rises in November — 29 November 2012, 12:46 CET

European business and consumer confidence rose consistently in November, with Germany leading the way among major eurozone economies, says the European Union.

Barroso sees treaty change for euro's future — 29 November 2012, 00:18 CET

Greater EU integration through changes to its basic treaties is the long-term answer to the crisis undermining growth and jobs, says Commission head Jose Manuel Barroso.

'Exceptionally strong demand' for EU bailout fund bonds — 27 November 2012, 19:08 CET

The EU's bailout fund on Tuesday hailed what it termed "exceptionally strong demand" as it raised seven billion euros ($9 billion) in one-year debt.

Eurozone-IMF deal buys more time for Greece — 27 November 2012, 16:07 CET

The eurozone and IMF saved Greece from bankruptcy with a re-drawn rescue on Tuesday which Greek leaders said marked a new beginning for their people.

EU bailout fund to launch one-year bond in near future — 27 November 2012, 12:49 CET

The EU's bailout fund is to launch one-year bonds as an alternative to its planned three-year bonds, which it shelved last week after rating agency Moody's downgraded France's debt rating.

Romania slashes 2012 growth forecast to 0.7% — 26 November 2012, 17:48 CET

Romania's economic forecast commission (CNP) slashed Monday its 2012 growth estimate to 0.7 per cent from 1.7 per cent.

Russia PM says EU economic crisis 'very serious threat' — 26 November 2012, 10:47 CET

Prime Minister Dmitry Medvedev said that Moscow was nervously watching the economic crisis in the European Union, which he said represented a serious threat to Russia's own economic performance.

Cyprus awaits EU announcement on bailout deal — 23 November 2012, 19:07 CET

International lenders said on Friday good progress has been made on reaching a bailout deal for struggling eurozone member Cyprus, with the country's president saying "convergence" had been achieved.