Recessions and depressions news and stories by mail.com

Recessions and depressions

EU leaders support growth, give few concrete plans
European Union leaders concluded their latest summit early Thursday with few concrete steps to fix the continent's festering financial crisis even as ...
Europe's leaders seek ways to boost growth
The leaders of the 27 countries that make up the European Union will meet in Brussels on Wednesday to try and find a way to keep the debt crisis in ...
Europe's leaders to tackle growth at summit
The leaders of the 27 countries that make up the European Union are to meet in Brussels on Wednesday to try and find a way to keep the debt crisis in ...
Sharp drop in UK retail sales boosts stimulus case
Retail sales fell sharply in Britain during the wettest April in a century, official data showed Wednesday, a piece of bad economic news which ...
TransUnion: Late auto-loan payments down in 1Q
The rate of late payments for auto loans fell nationally in the first three months of the year to the lowest level in more than a decade, even as ...
CBO warns of US falling off 'fiscal cliff'
A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect ...
Eurozone warned 'severe recession' looming
The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it ...
Oil holding at seven-month lows
The price of oil is holding near seven-month lows following warnings of a "severe recession" in Europe and easing tensions over Iran's nuclear program
Europe faces difficult search for growth
On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2½-year-old government debt ...
Greeks' crisis is personal as well as political
Like many Greeks left unemployed by their country's economic tailspin, Dimitris Spachos finds it easier to talk about his nation's problems than his ...
Is GOP trying to sabotage economy to hurt Obama?
Are Republican lawmakers deliberately stalling the economic recovery to hurt President Barack Obama's re-election chances? Some top Democrats say yes, ...
Spain may have to revise its 2011 budget deficit
Concern grew for the stability of Spain's place in the fragile eurozone economy after reports of a rise in the level of bad loans on the books of its ...
Greek politics, Spain banks test eurozone survival
Chaos in Greek politics and Spanish banking combined this week to underscore just how fragile Europe's economy remains after an eviscerating austerity ...
Spain stocks extend losing streak after downgrade
Spain's stock market flirted with seven-year lows Friday as investors continued to worry about the stability of the eurozone's financial system in ...
Spain banking sector shaken by report of bank run
Confidence in Spain's banks and its teetering economy was shaken Thursday after a newspaper reported that depositors were rushing to withdraw their ...
Obama's home-turf summits will test his leverage
President Barack Obama will find his diplomatic clout tested at twin summits on his own turf beginning Friday. The big global problems are the ...
Gauge of US economy dipped 0.1 percent in April
A measure of future U.S. economic activity fell in April after six months of increases. The drop reflected fewer requests for building permits and a ...
US economy picks up after early spring slump
Maybe the U.S. economy's strength this winter wasn't just weather-related after all. Home construction is near a three-year high. And factory output ...
FACT CHECK: Romney oversimplifies debt 'inferno'
When Republican presidential hopeful Mitt Romney decried the "prairie fire" of U.S. debt Tuesday, he ignored some of the sparks that set it ablaze.
Francois Hollande takes the helm in France
Francois Hollande walked up the steps of the Elysee Palace in Paris and walked out Tuesday as France's first Socialist president since 1995, taking ...
Eurozone avoids recession as Germany powers ahead
Germany prevented the economy of the 17 countries that use the euro from falling into a recession in the first quarter of the year despite a raging ...
Oil hovers below $95 amid Europe worries
Oil prices hovered below $95 a barrel Tuesday, near a five-month low, as concerns about Europe's debt crisis offset encouraging growth figures in ...
Markets recover as eurozone dodges recession
European markets bounced back from early losses on news that the 17-country eurozone has narrowly dodged recession, thanks mainly to strong growth in ...
Czech economy remains in recession
The Czech Statistics Office says the country remained stuck in recession as its economy suffered a sharper downturn than expected and shrank by 1.