Euro Zone: Austerity Greek-Style

Yesterday, on June 11th, a representative of the Greek government announced that the authorities have decided to close ЕРТ, a Greek TV company. The employees are promised to receive compensation and employment.

Date of publication: Thu, Jun 13 2013 04:36 GMT+4 Read more
Unemployment in Europe continues to grow

In April, the unemployment rate in Europe increased to 12.2% compared to 12.1% in march. In absolute terms, the number of unemployed has increased by 164 thousand people, and thus, the number of unemployed at the moment is 19,375 million people.

Date of publication: Tue, Jun 04 2013 06:11 GMT+4 Read more
The exchanges of Europe showed falling on session closing

On the last trading day of May, European stock indexes showed a decline. Analysts believe that this is due to profit-taking by investors after almost one year of growth.

Date of publication: Tue, Jun 04 2013 05:46 GMT+4 Read more
Spain's GDP continues to decline

According to statistics, which were published today, the Spanish economy in the I quarter of this year decreased by 2% compared with the same period in 2012 and decreased by 0.5% compared to the IV quarter of 2012.

Date of publication: Fri, May 31 2013 11:41 GMT+4 Read more
The European Commission advises to soften modes of rigid economy

The European Commission advises to soften a mode of rigid economy in such countries as Latvia, Lithuania, Italy, Hungary and Romania.

Date of publication: Thu, May 30 2013 07:01 GMT+4 Read more
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