Euro Zone

This tag is associated with 16 posts

Employment up by 0.1% in Euro Area and by 0.2% in EU28 in fourth quarter of 2014

The number of persons employed1 increased by 0.1% in the euro area (EA18) and by 0.2% in the EU28 in the fourth quarter of 2014 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the third quarter of 2014, employment increased by 0.2% … Continue reading

Europe – Unemployment rate was 11.5% in October 2014, 21.6% for youth

The euro area (EA18) seasonally-adjusted unemployment rate was 11.5% in October 2014, stable compared with September 2014 , but down from 11.9% in October 2013. The EU28 unemployment rate was 10.0% in October 2014, also stable compared with September 2014 and down from 10.7% in October 2013. These figures are published by Eurostat, the statistical … Continue reading

Europe – In February 2014, 5.392 million young persons (under 25) were unemployed

The euro area (EA18) seasonally-adjusted unemployment rate was 11.9% in February 2014, stable since October 2013. It was 12.0% in February 2013. The EU28 unemployment rate was 10.6% in February 2014, down from 10.7% in January 2014. It was 10.9% in February 2013. These figures are published by Eurostat, the statistical office of the European … Continue reading

Euro area unemployment rate at 12.1% in July

The euro area1 (EA17) seasonally-adjusted unemployment rate was 12.1% in July 2013, stable compared with June. The EU28 unemployment rate was 11.0%, also stable compared with June. In both zones, rates have risen compared with July 2012, when they were 11.5% and 10.5% respectively. These figures are published by Eurostat, the statistical office of the … Continue reading

Euro zone’s Youth Unemployment : Germany, France, Italy and Spain to discuss in Rome on June 14

The finance and labour ministers of Germany, France, Italy and Spain will meet in Rome on June 14 to discuss how to tackle youth unemployment, the Italian prime minister’s office said. The issue is high on the agenda of a European Union summit taking place in Brussels on June 27-28. Chosen excerpts by Job Market … Continue reading

Euro Zone / Economy to contract in 2013

The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said on Friday as it set out forecasts for the next two years. France, Spain, Italy and the Netherlands – four of the five largest euro zone economies – will be in recession … Continue reading

Euro Zone / Rehn promises less austerity

The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, EU Economic and Monetary Affairs Commissioner Olli Rehn has said. Mr Rehn’s comments are being viewed by some as an admission that fiscal adjustments linked to the troika programmes in Europe are having a greater-than-expected impact on growth. Chosen excerpts by Job … Continue reading

Euro Zone / Youth unemployment rose by 303 000 in a year, reaching 57.6% in Greece

The euro area (EA17) seasonally-adjusted unemployment rate was 11.7% in December 2012, stable compared with November. The EU27 unemployment rate was 10.7%, also stable compared with November. In both zones, rates have risen markedly compared with December 2011, when they were 10.7% and 10.0% respectively. These figures are published by Eurostat, the statistical office of the European Union. Eurostat … Continue reading

Euro-zone – Unemployment rate hits record 11.6%

The euro area (EA17) seasonally-adjusted unemployment rate was 11.6% in September 2012, up from 11.5% in August. The EU27 unemployment rate was 10.6% in September 2012, stable compared with August. In both zones, rates have risen significantly compared with September 2011, when they were 10.3% and 9.8% respectively. These figures are published by Eurostat, the statistical office of the European Union. Eurostat … Continue reading

Eurozone – Finland could leave rather than pay other nations’ debts

“Finland is committed to being a member of the eurozone, and we think that the euro is useful for Finland,” Ms Urpilainen told financial daily Kauppalehti, adding though that “Finland will not hang itself to the euro at any cost and we are prepared for all scenarios”. The finance minister stressed that Finland, one of … Continue reading

Euro Crisis – Former German Chancellor Schmidt – Could End Badly

Since the beginning of the debt crisis, the European rescue efforts might have managed to save a number of banks, but they have failed so far in preventing recessions, lowering unemployment rates, or even decreasing anxiety, said former German Chancellor Helmut Schmidt according to a Handbelsbalt report. “After half a century since the beginning of … Continue reading

Europe joblessness among young rises – Eurozone: 22.6%, Spain: 52.1%, Italy: 36.2% …

More than one in three young Italians are out of work after the youth unemployment rate hit a record 36.2pc in May. The figure was a rise from 35.3pc in April, and far outpaced the eurozone average of 22.6pc in May. Unemployment among the under-25s also remained a huge problem in Spain, where more than … Continue reading

How will Italy go out of euro purgatory ?

Antonio Fazio, the disgraced former governor of the Bank of Italy, warned half-jokingly in 1998 that the euro would not be paradise but a “purgatory” that would demand years of pain and sacrifice. Currently appealing a conviction for improperly trying to influence a bank takeover in 2005, Fazio is not much listened to these days, … Continue reading

Greece and Germany: Ex-East residents resent paying for

Germany may be Europe’s most powerful economy. But its prosperity is so uneven that Poles just across the border see it differently: as a place where housing is a bargain. Fueled by an economic boom in their own country, Poles have been spilling into the former East Germany, still one of the poorest parts of … Continue reading

Europe | Unemployment rises to record 10.7% in Euro Zone and above 20% for Youth and in Spain

Europe’s leaders travel to Brussels on Thursday, hoping to chart the continent’s way back to growth as figures show unemployment in the 17-country eurozone has spiked to its highest level since the euro was established in 1999. While the two-day summit is for once taking place amid relative calm on financial markets, Europe’s population is … Continue reading

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