Eurozone
The end looks nigh for Greece as euro summit ends in stalemateThe 18th European summit since David Cameron became Prime minister ended in stalemate and governments are increasingly looking to plan B and the exit of Greece from the euro. |
Eurozone recession fears mount as economy shrinksThe Eurozone edged closer to recession today after new figures revealed manufacturing activity in the region shrank at its fastest pace for almost three years. |
UK house prices slide 0.4% in the past yearBritain’s house prices in March were 0.4 per cent lower than a year earlier, according to Government figures released today. |
Mortgage lending down 19% in AprilMortgage lending fell in April after the end of the stamp duty holiday in March created a first-quarter spike in activity, latest analysis shows. |
Osborne admits to contingency plans in case of euro collapseBoth the Chancellor, George Osborne and the Prime Minister, David Cameron have admitted that plans are being drawn up to deal with a potential collapse of the euro. |
New UK recession would cause "permanent damage" says OBR's ChoteThe Chairman of the Office for Budget Responsibility has warned that a Greek euro exit could herald a new deep UK recession causing "permanent damage" to the UK. |
Markets fall as Moody’s downgrades 16 Spanish banksThe Eurozone crisis deepened today after Moody’s cut the credit ratings of 16 Spanish banks and the UK arm of Santander, prompting stock markets to tumble. |
Cameron: Eurozone at crossroads - It has to make up or break upIn a speech to business leaders in Manchester today, David Cameron vowed to do whatever it takes to “keep Britain safe” in the event of a Eurozone break-up. |
Eurozone crisis pushing up UK mortgage rates, Bank warnsMillions of homeowners across Britain are facing mortgage hikes as a direct result of the Eurozone crisis, the Bank of England has warned. |
Yield on Spanish medium-term bonds leaps to more than 5%The yield on Spanish medium-term bonds increased in a sale today as it was confirmed that the country has entered recession amid fears of an escalation in the Spanish banking crisis. |
King blames euro debt crisis for UK woes as euro shares slideThe euro has plummeted to a four-month low against the dollar and global stocks have plunged amid mounting speculation that Greece could be forced to quit the Eurozone. |
Eurozone avoids recession by the skin of its teethGDP data released today shows overall the eurozone was flat in the first three months of 2012 but that a wideninggap is emerging between northern and southern eurozone countries. |
Germany grows, France stagnates ahead of Hollande-Merkel meetingThe German economy has roared back to growth, expanding by 0.5 per cent, whilst the French economy was flat in the first quarter of 2012, new GDP data reveals. |
Global shares fall on Grexit fearsThe FTSE 100 index dropped below the psychological benchmark of 5,500 this morning, amid mounting fears that Greece will have to exit the Eurozone. |
Pound at record rate v EuroUK travellers heading to the Eurozone will get more for their money as Euros are being sold at 1.20 to the Pound for the first time in three and a half years. |
Will a new French President signal a shift in euro economic policies?voters in France and Greece have rejected parties who agree with the austerity measures supported by Germany to help manage the euro debt crisis, potentially putting the eurozone at a crossroads. |
Eurozone unemployment up by almost 500,000 in three months169,000 people in the 17 countries of the eurozone lost their jobs in March taking the total in the first quarter of 2012 to 493,000 fuelling concerns of an escalation of the euro debt crisis. |
UK construction sector grows but eurozone manufacturing implodesThe UK construction sector grew in April, according to the latest purchasing managers index but similar surveys across Europe for the manufacturing sector point to a slowdown. |
Markets hit by Spain bailout fearsThe eurozone was at the centre of another crisis on Tuesday amid concerns that Spain could become the fourth country to need an emergency bailout from the EU. |
Further gloom for Eurozone as unemployment risesUnemployment across the Eurozone climbed to 10.8 per cent in February, the highest level since the single currency was established in 1999, latest figures show. |
Spain launches €27bn austerity cuts as Europe raises bailout fundsSpain has announced record austerity measures as it attempts to reduce its debts whilst the Eurozone agrees to raise the funds available for its bailout facilities to €700 billion. |
Eurozone set for mild recession, warns ECThe Eurozone is heading for a mild recession in 2012, with the collective economy set to shrink by 0.3 per cent, latest predictions from the EC indicate. |
Eurozone agrees second Greek bailout but doubts remainEurozone leaders have agreed to advance Greece a second bailout, this time of €130 billion but doubts persist that it will be enough to support the Greek economy. |
Second Greek bailout deal expected to be announced on MondayThe second bailout deal for Greece is close to being finalised and eurozone officials expect the details to be announced on Monday when the markets reopen. |
Italy and Netherlands slide into recessionHolland and Italy have gone into recession, new figures show. Germany’s economy also contracted in the fourth quarter of 2011 for the first time in two years. |
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