Eurozone Crisis

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(Reuters) – Euro zone business growth picked up less than expected in October despite another, deeper round of price cuts, according to surveys that are unlikely to ease simmering tensions among the bloc’s central bankers.

BRUSSELS – EU leaders wrestled Tuesday for a joint response to a dismal European vote that saw dramatic gains by radical anti-establishment parties, with Britain, Germany and France calling for EU reforms.

Complacency by policymakers and a “crisis of trust” in politicians, banks and multinationals are the biggest risks to the global economy this year, the head of the Organisation for Economic Co-operation and Development (OECD) told CNBC.

(Reuters) – Advanced economies, including the United States, must avoid pulling back stimulus too quickly given the weak global economic recovery and recent market volatility highlights key risks in some emerging markets, the International Monetary Fund said on Wednesday.

Top leaders at the 2014 World Economic Forum in Davos have warned Europe is not fully out of recession. They called for a more flexible labour market and a focus on innovation, technology and trade to stop Europe falling behind the US and China.

Today, we launch a new paper that uses the lessons from Africa, Latin America and South East Asia to warn against aggressive austerity programmes in Europe. Krisnah Poinasamy, one of the authors of the paper, explains more.

SAINT PETERSBURG, Russia – G20 leaders warned on Friday that global economic recovery is too weak, with the risk of a further slowdown and some emerging markets showing particular fragility.

Slowing emerging economies seen weighing on global growth PARIS – Led by firm U.S. growth, the outlook is gradually improving for advanced economies while even crisis-weary Europe is at last joining the recovery, the OECD said on Tuesday.

A revival in German manufacturing, driven by domestic demand and exports, is helping to put Europe’s recovery on a more sustainable footing.

AT LAST, August is upon us. The summer fruit is plump and the sea is warm. You can almost hear the warbling melody of “La Mer”, Charles Trenet’s ode to the seaside. In summer Europe’s natural order is inverted. The urban become rural. Big cities disgorge their citizens and suck in foreign tourists. Northern Europe…

In the euro zone, desperately in need of a boost, no news is bad news YOU may have missed it, but the European Union held a summit this week. Taking in a nutritious working lunch, Europe’s prime ministers, presidents and chancellors devoted half of Wednesday to weighty issues of energy and taxation. Gone are the…

LISBON – After a bungled bailout of Cyprus, the recession-stricken euro zone will stand out for the wrong reasons when finance ministers meet in Washington this week to run the rule over the global economy.

Paper by Bruegel scholars forms basis for discussions at Ecofin meeting in Dublin The European Union’s economic growth strategy has been a failure so far and unless bold steps are taken the economy will continue to stagnate, a study commissioned by EU finance ministers said.

The world economy looks better than it did half a year ago, but uneven pace of growth among regions have brought about a “three-speed” global economy, said International Monetary Fund chief Christine Lagarde.

Austerity measures have not addressed the root causes of the crisis nor have they brought down unemployment, according to a snapshot of EU countries based on an upcoming ILO report on the state of global labour markets.News | 08 April 2013

BRUSSELS (AP) — Unemployment across the 17 European Union countries that use the euro has struck 12 percent for the first time since the currency was launched in 1999.

PARIS – Life expectancy in Russia has marked time since the collapse of the Soviet Union but risen in its former eastern-bloc allies, The Lancet reported on Wednesday.

LONDON — Europe’s financial crisis is costing lives, with suicides and infectious diseases on the rise, yet politicians are not addressing the problem, health experts said on Wednesday.

Are France’s notoriously tough labor unions finally stepping back from the barricades? For years, they’ve fiercely resisted any effort to scale back the welfare state and relax rigid labor laws—even after unions in Germany and elsewhere started accepting such changes.

A trans-Atlantic spat between Europe’s fiscal enforcer Olli Rehn and feted U.S. economist Paul Krugman is beginning to turn ugly, inflamed by recent dire forecasts for eurozone growth and unemployment.

(Financial Times) — Stagnation and political turmoil erode region’s global relevance Although it may not feel like it if you are living in Europe or the US or Japan, it is quite possible that the global economy will expand at a faster rate this decade than in any of the previous three.

THE 17-nation eurozone sank further into recession in the last three months of 2012 as the debt crisis continued to exact a heavy price, official data shows.

Stable prices: check. No growth: check. Record unemployment: check. Further European Central Bank action to jump start the eurozone economy: Let me get back to you. ECB President Mario Draghi says he’s doing what he can. Interest rates have been held at a record low since last July, and the bank has no plans to…

BRUSSELS: The Eurozone is staring at another full year of recession in 2013 with unemployment likely to surge above the 20-million mark and France in particular overshooting key fiscal targets, the EU warned on Friday.

FRANKFURT, Germany (AP) — European Central Bank President Mario Draghi says the euro area’s struggling economy is showing early signs of improvement and should grow modestly by the end of 2013 but it is not out of the danger zone yet as it struggles with recession and too much debt.

BRUSSELS (AP) — Record unemployment and fraying social welfare systems in southern Europe risk creating a new divide in the continent, the EU warned Tuesday, when figures showed joblessness across the 17 EU countries that use the euro hit a new high.

LONDON – The euro zone economy is on course for its weakest quarter since the dark days of early 2009, according to business surveys that showed companies toiling against shrinking order books in November.

Business activity in the eurozone continued to contract in November, a survey suggests. The Markit eurozone Purchasing Managers’ Output Index was little changed from October, up to 45.8 from 45.7. A reading below 50 indicates contraction.

FRANKFURT — Europe’s government-debt crisis is no longer panicking financial markets. But it won’t end until the region’s economy starts growing strongly again. And that will be a while. The economy of the 17 countries that use the euro has shrunk for two straight quarters — a common definition of a recession — and analysts…