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Europe: Economy

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  • Euro Zone Economy Shrinks for First Time Thursday, 14 Aug 2008 | 6:56 AM ET

    The euro zone economy recorded its first ever contraction in the second quarter, pulled down by falling activity in its biggest economies, which could lead to a technical recession.

  • BoE Holds Interest Rates Despite Inflation Fears Thursday, 7 Aug 2008 | 8:15 AM ET

    The Bank of England held interest rates steady at 5 percent Thursday, as widely expected, as opposing concerns of rising inflation and slowing economic growth left policy makers without clear direction.

  • Poll: What's More Important for the Euro-Zone Economy? Wednesday, 6 Aug 2008 | 12:37 PM ET

    The European Central Bank is widely expected to keep interest rate on hold Thursday, but is monetary policy really the most important thing for the future of the Euro-Zone economy?

  • Euro Zone July Inflation Hits Record of 4.1% Thursday, 31 Jul 2008 | 5:11 AM ET

    Euro zone inflation jumped to another record high of 4.1 percent year-on-year in July as forecast, data showed on Thursday, but a bleak economic outlook may discourage interest rate increases this year.

  • ECB, SNB Join Fed in Coordinated Liquidity Move Wednesday, 30 Jul 2008 | 11:53 AM ET

    The European Central Bank and the Swiss National Bank will offer banks long-term loans in dollars in an extension of coordinated efforts with the U.S. Federal Reserve to ease money market tensions.

  • European Economic Data Reveals Bleak Picture Thursday, 24 Jul 2008 | 5:30 AM ET

    The euro zone economy appears to be taking a hammering as a key business survey released on Thursday painted a deteriorating picture, coming in well below analysts' expectations.

  • Euro Zone May Trade Gap Wider Than Expected Friday, 18 Jul 2008 | 5:14 AM ET

    The euro zone posted an unadjusted trade deficit much wider than expected in May as imports grew at more than double the rate of exports, data showed on Friday.

  • Ireland is still a good place to invest and can compete globally despite the country's recent rejection of the Lisbon Treaty and stalling economic growth, Irish Prime Minister Brian Cowen told CNBC.

  • Euro-Zone Growth to Weaken, then Recover: Trichet Friday, 18 Jul 2008 | 4:19 AM ET

    Euro zone economic growth is likely to be weak in the second and third quarters before staging a recovery, and second-round inflation effects need to be prevented, ECB President Jean-Claude Trichet said.

  • European Central Bank Boosts Rates Thursday, 3 Jul 2008 | 9:49 AM ET

    Euro-zone rates rose to 4.25% as the central bank fights inflation, but ECB President Jean-Claude Trichet's message was slightly dovish.

  • ECB's Rate Hike Likely to Bring Boos Thursday, 3 Jul 2008 | 6:49 AM ET

    A petition to halt interest rate hikes in the euro zone notwithstanding, European Central Bank President Jean-Claude Trichet will in all likelihood boost interest rates when the policy makers meet Thursday.

  • Poll: Who Would You Like to Run Your Central Bank? Wednesday, 2 Jul 2008 | 9:26 AM ET

    The world's biggest central banks are pulling in opposite directions and it seems their efforts are only contributing to one thing: a weaker dollar.  Vote for your preferred central banker.

  • ECB's Trichet Warns of "Explosion" in Inflation Wednesday, 2 Jul 2008 | 5:54 AM ET

    There is a risk inflation will "explode" if the European Central Bank does not act decisively to counter it, ECB President Jean-Claude Trichet was quoted on Wednesday as saying.

  • Paulson, Trichet Talk Quickly Turns to Oil, Food Tuesday, 1 Jul 2008 | 1:37 PM ET
    Henry Paulson

    U.S. Treasury Secretary Henry Paulson said on Tuesday that discussions with European Central Bank chief Jean-Claude Trichet about inflation led quickly to food and oil prices, and he reiterated his respect for central bank monetary policy decisions.

  • Euro Zone Inflation Jumps to Record High 4% Monday, 30 Jun 2008 | 8:02 AM ET

    Euro zone inflation jumped to a record high of 4.0 percent in June, cementing expectations the European Central Bank will raise interest rates this week despite slowing economic growth.

  • ECB's Trichet: Inflation Risks Have Increased Wednesday, 25 Jun 2008 | 7:20 AM ET

    Inflation risks have increased in the medium term and the European Central Bank stands ready to counter inflationary pressures, ECB President Jean-Claude Trichet told the EU Parliament on Wednesday.

  • German Economy May Shrink in the Second Quarter Tuesday, 24 Jun 2008 | 6:56 AM ET

    Germany may report a shrinking in its economy for the second quarter of this year and stagnation would probably be a positive outcome, Deputy Economy Minister Walther Otremba said on Tuesday.

  • Ireland Set for Recession This Year: ESRI Tuesday, 24 Jun 2008 | 6:25 AM ET

    Ireland will this year see its first recession since 1983, but recovery will be faster than when the economy shrank then, a government-funded research body said on Tuesday.

  • Euro Zone Economy Shows Weakness, ECB Cornered Monday, 23 Jun 2008 | 8:39 AM ET

    Euro zone services and manufacturing activity both fell unexpectedly into contraction in June, a key survey showed on Monday, although the weakness may not be pronounced enough to deter an ECB rate hike in July.

  • UK House Prices Fall on Property Glut Monday, 23 Jun 2008 | 1:35 AM ET

    The average asking price of a UK property fell in June as mortgage providers cherry-picked customers and competing properties outnumbered buyers by 15 to 1, property advertiser web site Rightmove, one of Britain's biggest, said.

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