Evangelos Mytilineos, CEO of Mytilineos, says Greece has now seen the worse and that it's now easier for businesses to get funding. He adds that the weaker euro is also helping» Read More
ATHENS, Greece— Greek unemployment dropped considerably in the second quarter but still afflicts more than a quarter of the workforce, as the country struggles to climb out of a punishing six-year economic recession.
Barcelona was awarded 5 million euro as top finisher. Four others were awarded 1 million euros each: the metropolitan area of Kirklees, England, and the cities of Stockholm; Warsaw, Poland; and Athens, Greece.
ATHENS, Greece— Greece has made its second successful return to the bond markets as the government revealed Friday that it was beating a key bailout budget target— and by a big margin.
LONDON, Sept 11- Spanish bond yields inched up on Thursday as nervous investors continued to trim holdings before a Scottish independence vote on Sept. 18, where a victory for nationalists would fuel demands by Catalonia to break away from Spain.
BRUSSELS, Sept 10- European Commission President-elect Jean-Claude Juncker unveiled on Wednesday the next European Union executive for the 2014-2019 period. Below is the roster of the new European Commission:. AUSTRIA: Johannes Hahn, 56, outgoing regional policy commissioner from the center-right.
ATHENS, Greece— Portugal's prime minister says he supports Ireland's bid for an early pay back of bailout loans to the International Monetary Fund, but added his country could only take a similar initiative if market conditions further improved.
Alexis Tsipras, leader of Greek opposition party Syriza, says the fall in Greek GDP after the euro zone crisis has been a "disaster" and unemployment remains "unacceptable".
ATHENS, Greece— Greece's economy is expected to expand in the third quarter for the first time in eight years, Prime Minister Antonis Samaras said Saturday. In a speech in the northern Greek city of Thessaloniki, Samaras hailed what he said was an "unprecedented success" in getting the heavily indebted country out of its deepest ever financial crisis.
The ECB’s triple-interest rate cut and bond-buying announcement surprised investors on Thursday – and were still sparking debate a day on.
CNBC's Seema Mody reports on all the market moving events from Europe, as investors focus on the U.S. dollar - euro trade, and peace talks between Ukraine and Russia.
Greek officials are hopeful the country’s economy will grow in 2014 — despite sky-high unemployment and falling prices.
Kyriakos Mitsotakis, Greek minister of administrative reform and e-governance, discusses Greece's adjustment and forecasts that the country should return to growth this year for the first time in six years.
The first indications of an upturn raise hopes as Greece's finance minister aims to steer the country out of its catastrophic recession.
Speakers:- Polish National Bank Governor Marek Belka, Bank of Finland Governor Erkki Liikanen and ECB Governing Council member Ewald Nowotny. ATHENS- French Former Finance Minister Pierre Moscovici is expected to meet Greek Prime Minister Antonis Samaras, Deputy Prime Minister Evangelos Venizelos and Finance Minister Gikas Hardouvelis.
LONDON, Aug 25- Yields on most euro zone government bonds hit record lows on Monday as speculation grew that the European Central Bank was preparing a big programme of asset purchases to counter wilting inflation. Germany, France, Italy, Spain, Portugal, Ireland and others saw their yields hit all-time lows.
*Competition set to rise in Middle East, Asia. As the European Union's second biggest apple producer, Poland has some 700,000 tonnes of the fruit it usually sells to Russia but can't, because Moscow has a food embargo on many EU and U.S. goods as part of tit-for-tat sanctions related to the Ukraine crisis.
*Germany surprises by slipping into contraction. BERLIN/ BRUSSELS, Aug 14- The euro zone economy ground to a halt in the second quarter of the year, drained of vigor by contraction in Germany and stagnancy in France.
*Germany surprises by slipping into contraction. BERLIN/ BRUSSELS, Aug 14- The euro zone economy ground to a halt in the second quarter of the year, drained of vigour by surprisingly shrinking growth in Germany and stagnancy in France.
*Germany surprises by slipping into contraction. *France flatlines, government rips up growth forecast. BERLIN/ PARIS, Aug 14- Germany's economy shrank in the second quarter and France again failed to conjure up any growth, snuffing out any signs of a recovery in the euro zone which is now also weighed down by tit-for-tat sanctions with Russia.
*Germany surprises by slipping into contraction. *France flatlines, government rips up growth forecast. BERLIN/ PARIS, Aug 14- Germany's economy shrank in the second quarter and France again managed to conjure up no growth, data showed on Thursday, snuffing out any signs of a recovery in the euro zone which is now weighed down by tit-for-tat sanctions with Russia.