Recessions and depressions

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Recessions and depressions

  • Olli Rehn

    EU predicts eurozone recession to continue in 2013

    Europe will take longer to recover from its economic crisis as it tackles a worse-than-expected recession in the eurozone and unemployment at record ... 

  • Around the world, angry workers unite on May Day

    Workers around the world united in anger during May Day rallies Wednesday — from fury in Europe over austerity measures that have cut wages, reduced ... 

  • German consumer confidence rises; unemployment low

    Germany's unemployment rate held steady in April, the Federal Labor Agency reported Tuesday, while a survey showed German consumers' mood remained ... 

  • Italian policemen shot near new gov't swearing-in

    In the very moments Italy's new coalition government was being sworn in, ending months of political paralysis in a country hoping to revive a bleak ... 

  • Spain's jobless above 6 million for first time

    With more than 6 million unemployed for the first time ever, Spain's jobless rate shot up to a record 27.2 percent in the first quarter of 2013, the ... 

  • Italy premier-designate short of securing support

    Italy's premier-designate, Enrico Letta, said candidly Thursday he is still short of securing support for a ruling coalition after Silvio Berlusconi's ... 

  • Portugal celebrates revolution, attacks austerity

    Tens of thousands of Portuguese are marching through towns and cities in annual commemorations of the 1974 Carnation Revolution, which ousted a ... 

  • Britain dodges recession as economy grew in Q1

    Britain has given the slip to the Triple Dip. The U.K. dodged a third recession after official figures showed the economy grew 0.3 percent in the ... 

  • Jorg Asmussen, Axel Weber

    Top ECB official cautions: rate cuts have costs

    A top European Central Bank official warned Thursday that another interest rate cut might not be much help for eurozone countries in recession — ... 

  • Christian Baumann

    European recession hits major car makers

    Europe's stubborn recession cut deeply into profits at major automakers Ford, Volkswagen and Daimler, first-quarter results showed Wednesday as the ... 

  • UK in dark mood as new recession may be confirmed

    Recession may just be a word. But in Britain it may become a habit — and a dangerous one at that. It's possible that official figures on first quarter ... 

  • Bailed-out Portugal puts focus on growth policies

    After two years of relentless austerity and steep recession, bailed-out Portugal's government is adopting new measures to spur growth. The government ... 

  • Guido Westerwelle

    Germany rejects EU hint at easing austerity drive

    Germany on Tuesday defended the policy of tightening the budgets in a number of European countries despite a blunt warning from a top European Union ... 

  • Spain central bank: recession continued in Q1

    Spain's recession continued in the first three months of the year, with the economy shrinking by 0.5 percent, its seventh quarterly contraction, the ... 

  • European austerity yields meager results in 2012

    The austerity pain pursued by a number of European countries led to very little gain in 2012. Figures Monday from Eurostat, the European Union's ... 

  • European car sales plummet, even in solid Germany

    Europe's auto market is in freefall. Once the motor for Europe's economy, the car industry has fallen victim to the region's widening recession and ... 

  • Yannis Stournaras

    Greece sticks with austerity, seeks debt relief

    Greece promised Tuesday to stick with tough austerity measures, holding out hope for a debt relief deal with emergency creditors, but the country's ... 

  • Serbia massacre puts spotlight on Balkan vet woes

    Edin Kapidzic fought in Croatia's brutal war for independence and came out alive. Carrying on in peace turned out to be harder. Years after returning ... 

  • Cyprus bailout swells to $30 billion

    The cost of bailing out Cyprus has swollen to 23 billion euros ($30 billion), with the crisis-hit country having to take on the lion's share of the ... 

  • Klaus Masuch

    Greek beats budget target but revenue still weak

    Financially struggling Greece said Wednesday it achieved a primary budget surplus of 508 million euros ($665 million) in the first quarter despite ... 

  • Olli Rehn

    EU warns of imbalances in Spain, Slovenia

    The European Commission turned up the heat on Spain and Slovenia Wednesday, warning that the two struggling countries are facing "excessive" problems ... 

  • German industrial output volatile

    The German government released mixed figures Monday about Europe's largest economy as a larger than expected increase in industrial production in ... 

  • German industrial orders rebound in February

    Industrial orders in Germany rebounded more strongly than expected in February, a promising sign for first-quarter growth in Europe's biggest economy. 

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