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Eurozone
Eurozone economy grows by 0.3% in second quarter
The Eurozone's economy grew faster than expected, by 0.3 percent in the second quarter. This has allayed fears that the fragile recovery is losing steam.
The growth rate of the gross domestic product on Tuesday was 0.3 percent higher…
France’s GDP gains €1bn from a giant cruise ship, while the German economy shrinks
According to official statistics, Germany is also heading towards a recession.
The Utopia of the Seas, built in Saint-Nazaire by Royal Caribbean for the cruise ship operator, added €1bn to the French economy, contributing to a 0.6%…
Lagarde warns Le Pen not to go on a reckless spending spree
Marine Le Pen's high-spending policy will be funded by debt, according to the president of the European Central Bank.
Christine Lagarde, who won the first round of France's snap elections just days before, made a veiled warning to the…
European Central Bank reduces interest rates for the first time in five years
The European Central Bank cut interest rates, for the first in nearly five years. However, future cuts will depend on whether or not price pressures continue to ease.
The quarter-point reduction to 3.75 percent on Thursday, which was not…
European Central Bank to Cut Interest Rates for First Time in Five Years
European Central Bank will likely cut interest rates at its meeting this Thursday for the first time since almost five years. A survey of the private sector showed that activity had increased at the fastest rate in a full year, while…