LONDON, Aug 2- Now that U.S. The challenge is that the U.S. economy is generating very little inflation- not to mention disinflation coming from China and nearly no inflation in Europe- leaving many questioning whether the Fed even should be considering a rate rise. "The pace for growth remains extremely weak by past recovery standards, but with potential growth...» Read More
Spain's GDP figures were in line with estimates from the Bank of Spain, but the country has now reported seven consecutive quarters of contraction and the government is easing up on austerity measures.
With Spain in the doldrums, many Spaniards are coming to the Americas, where economic indicators point admirably upward, the GlobalPost reports.
European shares closed higher on Monday after Italy's new Prime Minister announced his reform plans in his maiden speech to parliament.
Italy must focus on reviving its economy and it will lobby its European partners to obtain more growth-oriented policies at the EU level, new Prime Minister Enrico Letta said in his maiden speech to parliament on Monday.
There are still good reasons for countries to join the euro zone, despite its difficulties at the moment, European Central Bank Executive Board member Joerg Asmussen said on Monday. Emerging economies in eastern Europe are among potential candidates to join the single currency.
Confidence in the euro zone's economy fell for a second straight month in April and by more than expected, data showed on Monday, strengthening the case for a cut in interest rates this week. Likely of most concern, the pessimism has set in even in Germany, Europe's biggest economy.
Greek lawmakers on Sunday approved a reform law to unlock about 8.8 billion euros of rescue loans from the EU and the IMF. The legislation makes it easier to fire government employees for disciplinary reasons and extends an unpopular property tax.
European shares closed lower after U.S. growth figures missed expectations pointing to a potential slowdown in the world's biggest economy.
Spain will take until 2017 to meet the European Commission's budget deficit target of 3 percent of gross domestic product, the country revealed on Friday.
Economists Carmen Reinhart and Kenneth Rogoff revealed they have received "hate-filled" and "threatening" emails since their influential research on austerity was exposed as containing a error last week.
The U.K. government has received a damning indictment from the CEO of the world's biggest advertising group, who said that austerity in the U.K. is a falsehood.
The European Central Bank needs to react to aggressive monetary policy in other parts of the world, a former governing council member of the central bank told CNBC.
The European Central Bank would have to raise interest rates if it were looking at Germany alone but it is in a difficult position because of weakness elsewhere, Germany's Angela Merkel said.
The head of the Bundesbank has sharply criticized the European Central Bank's plan to buy the debt of highly indebted states in a confidential report, according to German newspaper Handelsblatt.
Risk appetite returned to European markets on Thursday, as investor confidence got a further boost from the news that the U.K. avoided a triple-dip recession in the first quarter.
Unemployment in Spain jumped to a record 27.2 percent, data showed on Thursday, fuelling a European debate over whether to ditch austerity policies and switch to reviving economic growth.
For most of the past year, bond investors have clubbed Italy and Spain together. But the time has come for bond investors to "decouple" Italy from Spain, argues a strategist.
The French government should be fully aware of the damage high taxes will inflict on France's business-friendly credentials including driving away entrepreneurs, Bernard Charles, CEO of the French specialist software maker Dassault Systemes told CNBC.
The global economy is showing signs of slowing yet global stock markets are back near their highs for the year on growing expectations the ECB will soon join other central banks with a more expansionary policy.
ECB policymakers rebuffed suggestions that Europe should ease up on austerity and said that while the central bank has room to cut interest rates, such a move would not necessarily help the economy much.