Topic: Western Europe

Surprise 0.6% growth in third quarter

Britain's economy showed unexpectedly strong growth of 0.6 percent in the third quarter, official data revealed on Thursday, but the country still faces possible recession in the new year.The Office for National Statistics (ONS) revised higher its estimate for gross domestic product ...

Britain surprises with stronger growth

Britain's economy showed unexpectedly strong growth of 0.6 percent in the third quarter, official data revealed on Thursday but the country still faces possible recession in the new year.The Office for National Statistics (ONS) revised higher its estimate for gross domestic product ...

Spain's austerity leader Rajoy names cabinet

Spain's new leader Mariano Rajoy on Wednesday named a team to steer the country out of crisis, with a former manager of ruined bank Lehman Brothers in the key economy minister job.Rajoy named Luis de Guindos, 51, to the crucial post to ...
Two leading sentiment indicators in Germany surprised on the bright side here on Tuesday, bringing a rare touch of Christmas sparkle to the pall of gloom hanging over the eurozone.The Ifo economic institute said it was bringing "good tidings" with the announcement ...

New Spanish leader pledges deep crisis cuts

MADRID (Reuters) - Spain's incoming Prime Minister Mariano Rajoy took aim at his country's economic woes Monday, promising deep spending cuts at all levels of government while offering tax breaks for companies.It was a salvo in the near impossible task of balancing ...
France will fall into a brief recession and the government's 2012 growth target of 1.0 percent will be difficult to achieve, the official INSEE statistics agency warned Thursday.INSEE said it expects France to enter a mild recession in the final quarter of ...

ECB chief says euro zone on right track

BERLIN/BRUSSELS (Reuters) - Europe's top central banker said on Thursday that euro zone governments are on the right track to restore market confidence but reminded them that an emergency program to buy their bonds was "neither eternal nor infinite".Mario Draghi's comments came ...

German manufacturing shrinks for 3rd month in December: PMI

BERLIN (Reuters) - German manufacturing contracted for a third straight month in December and looked unlikely to provide a lift to Europe's largest economy soon as new orders continued to dry up, a survey showed on Thursday.The purchasing managers' index (PMI) for ...

German manufacturing shrinks for 3rd month in December - PMI

BERLIN (Reuters) - German manufacturing contracted for a third straight month in December and looked unlikely to provide a lift to Europe's largest economy soon as new orders continued to dry up, a survey showed on Thursday.The purchasing managers' index (PMI) for ...

UK Conservatives take poll lead after EU veto

LONDON (Reuters) - Britain's Conservatives have overtaken the Labour opposition in an opinion poll for the first time this year, enjoying a bounce from Prime Minister David Cameron's veto of a new European Union treaty, the latest Reuters/Ipsos MORI poll showed on ...
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