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Recessions and depressions

Market enthusiasm over Fed stimulus fades
Upbeat U.S. economic figures failed to restore strength to stock markets Thursday as investors monitored the progress of budget discussions in the U.S
Eurozone industrial output in surprise slump
Industrial production across the 17 European Union countries that use the euro unexpectedly slumped in October, official figures showed Wednesday, in ...
Asia stocks gain, unfazed by NKorea rocket launch
Asian stock markets rose Wednesday as a German business confidence survey alleviated concerns that Europe's largest economy might fall into recession.
Oil edges up as Germany seen dodging recession
The price of oil edged up to around $86 a barrel on Tuesday as markets got a boost from a survey indicating that German investors believe Europe's ...
German investor optimism up more than expected
An index of German investor optimism rose more than expected in December, suggesting market professionals think Europe's largest economy will avoid ...
Thousands protest Spain's health care austerity
Thousands of Spanish medical workers and residents angered by budget cuts and plans to partly privatize the cherished national health service marched ...
Italy's PM says he intends to quit over crisis
Premier Mario Monti told the Italian president Saturday he is resigning soon, saying he can no longer govern after Silvio Berlusconi's party withdrew ...
Berlusconi in comeback bid to become Italy premier
Billionaire media baron Silvio Berlusconi, who resigned in disgrace with Italy tottering through the European debt crisis, announced Saturday he was ...
Italy's president confident gov't crisis avoided
Although Italy's Silvio Berlusconi resigned in disgrace a year ago, has since been convicted of tax fraud and now faces plunging poll numbers, the ...
Greek jobless rate up to record 26 percent
Greece's unemployment rate rose to a new record of 26 percent in September, underscoring the economic plight in the country as it heads toward a sixth ...
ECB cuts growth outlook for eurozone, holds rates
The European Central Bank warned of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic ...
ECB holds rates, may be done with euro stimulus
The European Central Bank left its key interest rate unchanged at a record low Thursday, holding off on further stimulus even as the economy across ...
Bank of England: no change in base rate, stimulus
The Bank of England left its base interest rate unchanged Thursday and did not authorize any additional stimulus measures, a decision which was widely ...
Eurozone retail sales slump in October
Retail sales across the 17 European Union countries that use the euro slumped far more than anticipated in October, largely due to a huge drop in ...
Finland's economy slips into recession
Finland's economy has slipped into recession with a 0.1 percent drop in gross domestic product in the third quarter from the previous three months, ...
Greek PM pledges first glimmer of recovery in 2013
Greece's prime minister on Tuesday promised an austerity-weary nation that 2013 will bring the first signs of economic recovery after a punishing ...
Spain tax amnesty brings in less than hoped for
Spain's finance Minister says a tax amnesty aimed at raising money for the recession-hit country only raised about half of what is was supposed to.
Greece launches $13 billion bond buyback plan
Greece revealed Monday plans to spend up to €10 billion ($13 billion) in a bond buyback program that it hopes will help stabilize its mountainous debt
AP IMPACT: China overtaking US as global trader
Shin Cheol-soo no longer sees his future in the United States. The South Korean businessman supplied components to American automakers for a decade.
Merkel does not rule out Greek haircut after 2014
Germany no longer rules out the possibility of forgiving Greece some of its debt once the country's finances are in order, Chancellor Angela Merkel ...
Eurozone unemployment hits another record high
Another month, another record unemployment rate for the economy of the 17 European Union countries that use the euro. Figures released Friday by ...
Asia stocks up on hopes for a US budget deal
Signs that U.S. political leaders may be closing in on a budget deal to avoid the so-called "fiscal cliff" boosted Asian stock markets Thursday.
Merkel's election schedule weighs on Greek bailout
German Chancellor Angela Merkel's upcoming re-election battle is shaping Europe's response to bailing out debt-ridden Greece. Her strategy: Do just ...