European Economy News

Europe`s battered financial sector is showing further signs of mending and banks are increasingly competing for custom by easing credit standards, a key European Central Bank survey showed on Tuesday.

Europe`s battered financial sector is showing further signs of mending and banks are increasingly competing for custom by easing credit standards, a key European Central Bank survey showed on Tuesday.

"In my personal opinion, Brexit will be a very bad thing for Europe because of the simple reason that Great Britain at the moment is the second biggest economy of Europe. To lose the second biggest economy of Europe will be a big loss," Sarkozy said at an industry conference.

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

European nations overwhelmed by the biggest refugee crisis since World War II may end up boosting their economies if they just let the migrants in, analysts say.

European Union heads have called on Greece`s leftist government to present new reform and budget proposals, with Greek minister of state Alekos Flambouraris saying Saturday Athens could propose re-worked measures.

The pan-European FTSEurofirst 300 index rose 0.7 percent, including gains for Spanish and Italian stocks.

Investors brushed off increasing worries about Greece`s future in the eurozone after talks between the bloc`s Eurogroup of finance ministers fell apart Thursday.

Europe`s main bourses picked after a slow start. The benchmark FTSEurofirst 300 was last up 0.6 percent, as hopes Greece was closing in on a deal with the European Union, International Monetary Fund and European Central Bank. Greek stocks surged 7 percent.

Europe`s main bourses picked after a slow start with the region`s benchmark FTSEurofirst 300 last up 0.5 percent, as hopes returned that Greece was close to sealing a deal with its creditors. Athens` stock market surged more than 6 percent.

Europe`s main stock markets fell at the start of trading on Thursday, with London`s benchmark FTSE 100 index losing 0.30 percent to 6,809.57 points.

EU-wide, unemployment in the 28 member states fell by 0.1 percent to 9.7 percent in April.

Amazon has tax agreements in Luxembourg under which it recorded European sales and paid taxes on them in the tiny country instead of at the source.

European markets continue to be under pressure.

European stock markets fell at the start of trading on 14th May.

The eurozone has benefitted from sharply lower oil prices.

European stock markets climbed at the start of trading on 13th May, with FTSE 100 index up 0.29%.

In raw or unadjusted terms, the jobless total decreased by 88,660 to 2.843 million and the jobless rate fell to 6.5 percent in April from 6.8 percent in March, the labour office said.

Deflation in the eurozone eased in March, official data showed Tuesday, reducing concerns that the European economy faces a dangerous spiral after four straight months of falling consumer prices.

Industrial output in the eurozone rose a very slight 0.1 percent in October, official data showed on Friday, in another sign that the European economy remains stalled.