News | Latest Breaking News Stories & Headlines

The numbers employed in the European Union reached a record high in the third quarter

Employment up slightly in the EU in Q2 - Eurostat

There was a slight rise in employment in the eurozone and wider European Union during the third quarter, according to statistics agency Eurostat.

Business • 13 Dec 16

Alexis Tsipras reshuffled his government on Friday

Tsipras seeks swift completion of bailout review

Greece should complete its second bailout review "swiftly", so that talks on debt restructuring can begin at a meeting of eurozone finance ministers on 5 December, Prime Minister Alexis Tsipras told his new cabinet.

Business • 06 Nov 16

Eurostat estimates that 232.1m people were employed across the EU in the second period of this year

European employment levels continue to rise

The number of people in employment in the Eurozone has risen by 1.4% when compared with the same period last year, according to Eurostat figures.

Business • 13 Sep 16

GreeK PM Alexis Tsipras has brought in tough fiscal reforms which have led to new deal with the IMF and the EU

Eurozone agrees debt deal with Greece, IMF

Eurozone governments have offered Greece debt relief in 2018, but left key details for later in a bid to bridge Germany's view that no immediate action was needed and the International Monetary Fund's call for decisions now.

News • 25 May 16

Jereon Dijsselbloem, head of the eurozone ministers, speaks to German minister Wolfgang Schaeuble and Mario Draghi of the ECB

Greece bailout talks could take place on Thursday

Eurogroup head Jeroen Dijsselbloem has said a crucial euro zone ministers meeting to unlock bailout cash and trigger potential debt relief for Greece could take place as early as Thursday.

News • 22 Apr 16

The data from the EU's Eurostat statistics agency came in below analysts' forecast of 0.3% inflation for the period

Eurozone inflation unchanged at 0.2% in December

Eurozone inflation remained unchanged at a lower than expected 0.2% in December, adding pressure on the European Central Bank to ramp up its efforts to boost the economy in Europe.

Business • 05 Jan 16

The data from the EU's Eurostat statistics agency came in lower than analysts' forecast of 0.2% inflation for the period

Eurozone inflation remains unchanged for November

Eurozone inflation remained unchanged at a lower than expected 0.1% in November, according to official data, giving further encouragement to the European Central Bank to pump up its stimulus.

Business • 02 Dec 15

Inflation still stands at a level that is low enough to encourage the European Central Bank to pump up its stimulus

Eurozone inflation exits negative territory

Eurozone inflation rose to zero percent and out of negative territory in October, according to official data from Eurostat.

Business • 30 Oct 15

The eurozone has been recovering steadily but modestly for the past 18 months amid fears Greece could default on its debt

Eurozone business activity rises in August

Eurozone business activity rose in August on the back of solid growth in Germany and despite sluggishness in France.

Business • 21 Aug 15

Alexis Tsipras has rushed his government into finalising the terms of the €85bn bailout

Greek PM 'confident' of third debt deal

Greek Prime Minister Alexis Tsipras has said he is confident of concluding his debt-crippled nation's third international bailout, to pave the way for default-averting loans.

News • 12 Aug 15

The ECB is trying to push inflation closer to 2% through its stimulus measures

Euro Inflation, unemployment unchanged in July

Inflation in the 19-nation eurozone was unchanged in July while the jobless rate for June was also flat, suggesting the economy maintained only modest growth, official data has shown.

Business • 31 Jul 15

The eurozone has been recovering steadily despite fears Greece could leave the euro and undercut confidence

Eurozone strong amid 'rollercoaster' Greek crisis

Eurozone private sector business activity slowed in July, but was holding up much better than expected against a "rollercoaster" Greek debt crisis, a key survey has showed.

Business • 24 Jul 15

Alexis Tsipras will be required to push legislation through parliament to convince euro zone members to release funds to avert a state bankruptcy

Greece must enact key reforms to secure debt deal

Eurozone leaders have told near-bankrupt Greece at an emergency summit it must enact key reforms this week to restore trust before they will open talks on a financial rescue to keep it in the euro.

News • 12 Jul 15

Greece has asked for €53.5bn to help cover its debts until 2018

Eurozone meeting adjourned until tomorrow

.Eurozone finance ministers have adjourned their crisis meeting on Greece until tomorrow morning.

News • 12 Jul 15

Alexis Tsipras addresses supporters of a 'NO' vote in upcoming referendum at Syntagma Square in Athens

Rival rallies in Athens ahead of referendum

Rival rallies ahead of Greece's referendum are taking place in central Athens.

News • 03 Jul 15

Pensioners line up outside a National Bank branch in Athens

Greek PM says bank problems 'will not last long'

Greek Prime Minister Alexis Tsipras has told Greeks the problems they face because of closed banks "will not last long".

News • 02 Jul 15

Greeks will vote in a referendum on the bailout on Sunday

Eurogroup rules out Greek talks ahead of vote

The Eurogroup of eurozone finance ministers has agreed that there can be no further discussion of credit for Greece until after Sunday's referendum.

News • 02 Jul 15

Demonstrators supporting a Yes vote for the upcoming referendum took to the streets this evening

IMF confirms Greece did not make repayment

The International Monetary Fund has confirmed that Greece did not make a €1.5bn repayment due today.

News • 01 Jul 15

Finnish Finance Minister Alexander Stubb talks to German Finance Minister Wolfgan Schaeuble

Eurozone readies for Greek default

Greece's European partners shut the door on extending a credit lifeline to Athens, leaving it facing a default that could push it out of the euro after the leftist government rejected tough lender demands and put their bailout deal to a referendum.

News • 27 Jun 15

Enda Kenny said it was not up to Eurozone ministers to make the final call but rather a decision that would have to be made by the administration in Athens

Kenny: Greek debt crisis has entered 'red sector'

The Taoiseach has said the Greek debt crisis has now entered a "red sector" and has left the government in Athens with some very serious decisions to make.

News • 22 Jun 15

Greece must make a crucial debt repayment to the IMF in the coming days

Greece told to accept debt deal or face default

European Council President Donald Tusk told Greece to accept a debt deal with its international creditors or face defaulting, as he prepares for an emergency summit on Monday to address Athens' future in the eurozone.

News • 19 Jun 15

Leaders will hold an emergency summit on Monday following today's talks which saw no breakthrough

'Accident' in Greek debt row close - Varoufakis

Greek Finance Minister Yanis Varoufakis has warned that "an accident" in the dispute between Greece and its EU-IMF creditors over unlocking vital bailout cash for Athens was drawing "dangerously close".

News • 19 Jun 15

Greek and EU flags outside the Prime Minister's office in Athens

'Genuine progress' over Greek debt - Moscovici

EU's commissioner for Economic and Monetary Affairs has hailed "genuine progress" in some aspects of the negotiations over the Greek debt crisis but said there were still outstanding points.

News • 03 Jun 15

Sense of urgency is growing over Greek situation

Troika agrees details of deal to be put to Greece

Greece's creditors have drafted the broad lines of an agreement to put to the government in Athens in a bid to conclude acrimonious negotiations and release aid before the country runs out of money.

News • 03 Jun 15

The Greek government has been locked in talks with its foreign lenders to try to secure fresh aid

Greece in warning over possible crash crunch

Greek Finance Minister Yanis Varoufakishas has warned the country would face a cash crunch within two weeks, and was in an urgent need of the last tranche of rescue funds from its €240 billion bailout.

News • 11 May 15