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France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.
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MADRID, May 6- Almost 5 million Spaniards were registered as unemployed in April, data showed, as their prospects of finding work in the country with the European Union's second highest jobless rate deteriorated further. It's not compatible with the of a stronger economy in the second quarter of the year, " Jose Luis Martinez, a strategist at Citi in Madrid, said.
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ROME, May 6- Italy's economy will contract by 1.4 percent this year and post a timid recovery in 2014, national statistics institute ISTAT forecast on Monday.
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LONDON, May 6- German Bund futures crept higher on Monday with investors looking to euro zone data for direction in a session expected to be quiet due to a holiday in London.
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MADRID, May 6- Spain's number of registered jobless fell by 0.91 percent in April from a month earlier, or by 46,050 people, leaving 5 million people out of work, data from the Labour Ministry showed on Monday.
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Treasury to tech giant Apple, debt-laden euro sovereigns Italy or Slovenia and even debut bonds from exotic African countries like Rwanda. Renaissance Capital chief economist Charles Robertson described the sheer speed of this investor dash for fixed income as "remarkable" and more evidence of a "global bond bubble".
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LONDON, May 5- Europe's policymakers are starting to recognise chronic unemployment as a crisis in its own right, rather than something that will resolve itself when the economy improves.
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*ECB ready to cut main rate below 0.5 pct in necessary. ROME, May 6- European Central Bank President Mario Draghi departed from a prepared speech on Monday to reiterate the central bank's readiness to cut interest rates again if the euro zone economy deteriorates further.
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*ECB ready to cut main rate below 0.5 pct in necessary* ECB analyses implications of negative deposit rate* High-debt countries must not row back on budget goals By James Mackenzie and Gavin Jones.
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LONDON, May 5- Europe's policymakers are starting to recognise chronic unemployment as a crisis in its own right, rather than something that will resolve itself when the economy improves.
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Olli Rehn, the European monetary affairs commissioner, said on Friday France badly needed to unlock its growth potential and create jobs, adding Spain, Italy and the Netherlands as well as France- four of the euro zone's five largest economies- would remain in recession this year.
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Olli Rehn, the European monetary affairs commissioner, said on Friday France badly needed to unlock its growth potential and create jobs, adding Spain, Italy and the Netherlands as well as France- four of the euro zone's five largest economies- would remain in recession this year.
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*Car sales rise in Germany and Spain. PARIS/ BERLIN, May 3- Car sales rose in Germany and Spain last month, industry data showed on Friday, adding to signs that Europe's austerity-driven auto slump could soon bottom out. Registrations in Germany, the region's biggest market, advanced 3.8 percent for the first gain in six months- and the biggest since December 2011.
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PARIS/ BERLIN, May 3- Car sales rose in Germany and Spain last month, industry data showed on Friday, adding to signs that Europe's austerity-driven auto slump could soon bottom out.
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BRUSSELS, May 3- Belgium's economy eked out its first growth for a year at the start of 2013, although barely enough to show it and other core euro zone countries were pulling out of stagnation.
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Spain's unemployment rate is likely to average 27.5% this year and next, peaking at 28.5% in Q114, but the lagging impact on the housing market means mortgage delinquencies will continue to rise beyond then, according to Fitch Ratings.
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Link to Fitch Ratings' Report: Presentation on Spain's Sovereign Rating- Amended. LONDON, May 03 Spain's unemployment rate is likely to average 27.5% this year and next, peaking at 28.5% in Q114, but the lagging impact on the housing market means mortgage delinquencies will continue to rise beyond then, according to Fitch Ratings.
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*Spain, Netherlands, France seen in recession in 2013. BRUSSELS, May 3- France will get two more years to meet its budget deficit target because of the country's poor economic outlook within a recession-hit euro zone, the European Commission said on Friday.
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*Spain, Netherlands, France seen in recession in 2013. BRUSSELS, May 3- France will get two more years to meet its budget deficit target because of the country's poor economic outlook within a recession-hit euro zone, the European Commission said on Friday.
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Treasury to tech giant Apple, debt-laden euro sovereigns Italy or Slovenia and even debut bonds from exotic African countries like Rwanda. Renaissance Capital chief economist Charles Robertson described the sheer speed of this investor dash for fixed income as "remarkable" and more evidence of a "global bond bubble".
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ROME, May 3- Italian Prime Minister Enrico Letta named a leading critic of Europe's austerity programmes as deputy economy minister, directly below the orthodox former Bank of Italy official chosen to head the ministry.