World news about “Economic crisis” published by euronews.
Spain jobless restaurant customers work rather than pay the bill People who cannot afford to eat out are being offered an alternative menu by a Spanish restaurant: do an hour’s work rather than pay the bill. In a move… 19/05/2013
Rome protesters call on Letta government to boost jobs in Italy The first major protest against Italy’s new coalition government has taken place in Rome. Organised by the left-wing Fiom union, its message was that more… 18/05/2013
Slovenia’s looming bail-out Resistance Day in Slovenia usually marks the country’s proud history of resisting invaders but this year, it doubled as a space for many to vent their anger… 16/05/2013
EU finance ministers to talk tough on austerity The finances of Greece and Cyprus are set to come under the microscope at a Eurozone finance ministers meeting. The eurogroup has to decide whether to… 13/05/2013
More cuts as Portugal’s next bailout payment is approved Portugal has been given the go-ahead to receive the next installment of a bailout loan. Following a review last week, EU and IMF lenders have approved the two… 13/05/2013
Spain’s Indignados movement holds anniversary march A silent protest has been held in Madrid to mark the second anniversary of Los Indignados – or “the indignant ones.” Spain’s grassroots protest movement… 13/05/2013
Jobs market slides further in Portugal and Greece Portuguese unemployment has risen again in the first quarter to 17.7 percent. The new record is bad enough, but pity the young in the jobs market – 42… 09/05/2013
Rehn accuses Cyprus of ignoring warnings over its finances Cyprus has been accused ignoring early warnings over its beleaguered finances. The charge was made by Ollie Rehn at an extraordinary meeting of the European… 08/05/2013
Paris and Berlin celebrate 25 years of economic marriage Celebrating 25 years of working closely together on their economies, Germany and France’s Economic and Financial Council met on Tuesday at a moment when many… 07/05/2013
Societe Generale cuts jobs as income falls French bank Societe Generale is to cut at least 700 jobs from its workforce, although the figure may be as high as 1000. It is the second-largest lender on… 07/05/2013
Holiday hiring helps, but Spanish job scene remains grim The latest official figures show almost five million people registered as unemployed in Spain in April. The number of Spaniards looking for work did fall by… 06/05/2013
Icy reaction to new round of Portuguese austerity The Portuguese press has digested the further spending cuts announced yesterday by the government, and for some, playing on the prime minister’s name, Passos… 04/05/2013
Greeks determined to celebrate Easter in style despite recession Easter for the Greek Orthodox faith is the year’s biggest festival, but hard times are putting the damper on celebrations and hard-pressed consumers are… 03/05/2013
‘More potatoes than meat’ as Greece prepares for Easter Orthodox Christians mark Great and Holy Friday, considered the most sorrowful day of Holy Week. In Jerusalem’s Old City pilgrims took part in a traditional… 03/05/2013
EU sees deeper eurozone recession in 2013 The European Commission, in its Spring Economic Forecast, has revised down growth figures for the eurozone with worsening contraction for 2013. “We expect… 03/05/2013
OECD downbeat on Italy The Organisation for Economic Cooperation and Development has just delivered yet more bad news for Italy’s new prime minister. It is now forecasting that… 02/05/2013
Italian PM adds voice to growing chorus against austerity Enrico Letta, the new Italian prime minister, vowed on Thursday that Italy will pursue further economic reforms. His predecessor, Mario Monti, tried to… 02/05/2013
Italian PM Letta calls for growth policy in Brussels Italy’s new Prime Minister, Enrico Letta has stopped off in Brussels for the final leg of his European tour. On a mission to preach growth over austerity… 02/05/2013
Cyprus approves bailout – just Cyprus’s parliament has approved an EU bailout which includes provisions to impose substantial losses on richer bank depositors and wind down the island’s… 30/04/2013
Spain’s incredible shrinking economy Spain fell deeper into recession between January and March as the economy shrank for the seventh straight quarter. A preliminary reading showed gross… 30/04/2013
Euro inflation eases, unemployment at new record The financial markets are more and more expecting an interest rate cut by the European Central Bank at their meeting this week as inflation in the eurozone… 30/04/2013
Greece: 15,000 public sector jobs cut to secure bailout money The dust is beginning to settle in Athens following the approval of mass layoffs of government workers by the parliament on Sunday. Over 15,000 people face… 29/04/2013
Greece: Civil servants protest ahead of vote on job cuts Public sector workers in Greece protested against planned job cuts the government has agreed to make in order to get much-needed bailout money. Some 15,000… 26/04/2013
The end of austerity in Europe? High-placed political figures have been agreeing that other ways must be found to readjust fiscal formulas that are crushing so many people in… 26/04/2013
German business contraction adds to eurozone worries Concerns continue over eurozone economic contraction with a sharp drop in German business activity in April; the first time that has happened in five… 23/04/2013
The art of beating the economic crisis The global art market is worth 43 billion euros annually, according to the European Fine Art Foundation’s latest report. Europe’s share of the market is 36… 19/04/2013
Russia seeks ways to avoid recession As Russia’s Economy Ministry warned the country risks sliding into recession, how to avoid that was a main focus of a major investment forum in Moscow. … 19/04/2013
Changing lives through education Poverty, marginalisation and abuse can have a dramatic impact on the level and quality of education a young person receives. Various projects have been… 19/04/2013
Europe Weekly: EU unveils results of horsemeat tests The EU unveiled the results of Europe-wide horsemeat tests; Hungary’s constitution caused a stir in Strasbourg and the latest figures on the extent of human… 19/04/2013
Northern Cyprus wants to talk The crisis in Cyprus could influence timing of any new talks between the two sides. The small island nation of Cyprus has been divided for almost forty… 19/04/2013
France, under fiscal pressure, sends a message to Europe The French President has used a gathering of economists, business leaders and political figures at the OECD in Paris to send a message to Europe. On the… 17/04/2013
Rocky road to recovery as Greece concludes latest bailout deal Greece has secured a deal to unlock the latest bailout instalment. The Troika agreed to grant the 2.8 billion euros loan on the condition that Athens cuts… 16/04/2013
EU Parliament agrees bank bonus caps The European Parliament has voted in favour of capping bankers’ bonuses. It is part of a wide-ranging new financial reform law under which EU banks will be… 16/04/2013
Global military spending falls for the first time since 1998According to SIPRI, the Stockholm International Peace Research Institute, global military spending fell to 1.75 trillion US dollars in 2012, a decrease of 0.5… 15/04/2013
‘Sleep Out’ protesters warn entire families will be homeless in Greece A sombre protest snakes its way through the Greek capital. The Sleep Out day is aiming to wake up politicians to the plight of the homeless. Greece is five… 12/04/2013
Bulgaria’s currency – hardship and suffering One in five Bulgarians live in poverty earning less than the equivalent of 120 euros per month. One in three young Bulgarians can not find work while private… 12/04/2013
Bonus interview: Haralan Aleksandrov Euronews reporter Hans von der Brelie interviewed social anthropologist Haralan Aleksandrov, professor at the New Bulgarian University (Sofia). Topics of the… 12/04/2013
Cyprus tops agenda for eurozone finance ministers meeting With the size of the messy bailout for Cyprus increasing, the island’s fiscal fate tops the agenda as the eurozone’s 17 finance ministers gather in Dublin on… 11/04/2013
Lenders consider seven year extension for Portugal loan repayments International lenders have recommended that Portugal should get an extra seven years to repay loans to the European Union. The move would offer a… 10/04/2013
Tourism on sale in Azerbaijan Representatives from 35 countries and over 250 organisations gathered at the 12th Azerbaijan International Travel and Tourism Fair, all aiming to boost trade… 09/04/2013
Cypriot government sees sharper economic decline The Cypriot government on Thursday said the country’s economy may shrink by 13 percent this year, far more than than the 8.7 percent initially… 04/04/2013
Central banks respond to crisis challenge Japan is the latest central bank to take dramatic measures to boost a moribund economy. The Bank of Japan’s new governor, Haruhiko Kuroda, shocked markets… 04/04/2013
Egypt in tough talks over IMF loan A team from the International Monetary Fund will spend at least a week and maybe more in Egypt for difficult talks on a 3.7 billion euro loan desperately… 03/04/2013
Eurozone: no jobs, no growth There was no respite on the jobs front for the eurozone as the region’s unemployment rate hit 12 percent of the workforce in February. January’s total was… 02/04/2013
Eurozone unemployment hits new record high of 12%The latest unemployment figures for the eurozone have brought little cheer. They showed the jobless rate held at 12 percent in February, a new record jointly… 02/04/2013
Cyprus Aid gets massive response from public Some 50 Greek and Cypriot artists rallied round to play in Nicosia on Monday in a giant aid concert. The objective was to raise money and collect essentials… 01/04/2013
Cash-starved Cyprus no more tax haven Finally Cypriots could get into their banks, after two weeks of locked doors. When they reopened, in spite of anger over feelings that their accounts had been… 29/03/2013
Cypriot cash controls spark protests Cypriots have congregated outside the presidential palace in Nicosia in protest, after a Greek newspaper published the draft proposals on the island’s capital… 27/03/2013
Fresh fruit and veg sales halved as Cypriots feel the squeeze No sector of the Cypriot economy is immune from the banking crisis that is eroding morale and squeezing cash out of the system. Even sales at the cheaper… 27/03/2013
Eurogroup chief under fire over Cyprus bailout Eurogroup chief Jeroen Dijsselbloem is under fire from fellow EU officials over comments he made about the Cyprus bailout deal. The Dutch Finance minister… 26/03/2013
French jobless continues to soar The number of people out of work in France rose for the 22nd month in a row in February and the total jumped by 10.8 percent from the same month last year… 26/03/2013
Bank of Cyprus staff protest at Nicosia headquarters People working for the largest bank in Cyprus massed at the Nicosia headquarters in support of the bank’s chairman, who has resigned in the wake of the… 26/03/2013
Kingfisher hit by crisis and currency exchange Kingfisher, Europe’s largest home improvements retailer, suffered an eleven and a half percent fall in annual profit and said it expects market conditions to… 26/03/2013
Cyprus bank levy hits not only the super-rich Agreeing to a ten-billion euro bailout means that people with more than 100,000 euros in a Cypriot bank account will have some of it taken away. The… 26/03/2013
UK ‘bad bank’ payback continues The British government last year received 4.0 billion pounds ( 4.7 billion euros) of the money used to bail out lenders Northern Rock and Bradford & Bingley… 25/03/2013
Cyprus votes to create ‘national solidarity fund’ The Cypriot parliament has voted to create ‘national solidarity fund’ to pool state assets – as it races to find a way to raise 5.8 billion euros to secure an… 22/03/2013
Cypriots anxiously await government decision Cyprus and Europe are waiting. The financial vacuum is being filled with fear and anger. Will it be financial meltdown and a euro exit or will there be an… 22/03/2013
Cyprus time-bomb Protests in the streets and closed banks after Cyprus’s financial time-bomb exploded. The island has been asking Europe for help for some time, but the… 22/03/2013
Valdis Dombrovskis on Latvia’s fearless path to euro With Latvia set to join the euro single currency soon, euronews went to talk to the Baltic country’s Prime Minister Valdis Dombrovskis, in Riga. He has been… 21/03/2013
Italy tries for stimulus, at a cost In Italy the outgoing government of technocrat prime minister Mario Monti has revealed it is going to pump 40 billion euros into the recession-hit economy… 21/03/2013
Cypriots feel ‘on hold and held up’ Cypriots were almost holding their breath, their banking system like a house of cards on Thursday. They felt on the edge of a precipice, many said, having… 21/03/2013
Tough talking over Cyprus as Russia smells opportunity Russian Prime Minster Dmitry Medvedev has called for all interested parties to be involved in a deal for Cyprus. He made that statement as EU Commission… 21/03/2013
Crisis talks in Cyprus: state investment fund under discussion The Cypriot government is scrambling to find a new way to raise 5.8 billion euros to secure a10 billion euro bailout from the European Union and the… 21/03/2013
EU admits errors over Cyprus but backs bail-in plan Jeroen Dijsselbloem, the new chairman of the Eurogroup of finance ministers, has backed the plan for a savers raid to rescue Cypriot banks, but… 21/03/2013
Leaders attend a flurry of meetings to sort out Cyprus crisis Every option is being considered as political and financial leaders in Cyprus rush from meeting to meeting to solve the bailout crisis. President Nicos… 20/03/2013
Cyprus: mixed reactions among islanders to bailout chaos Their savings may have been protected by last night’s parliament vote, but how do Cypriots feel, knowing their country is teetering ever-closer towards… 20/03/2013
Greek paper claims government cronies emptied accounts to avoid Eurozone savings levy The resonating phrase of this financial crisis, “We’re all in it together”, appears just as fragile in Cyprus, where one newspaper, “Phileleftheros” has… 19/03/2013
Greek bank blues Greek style problems on a smaller scale led to the need for the controversial, part saver funded bailout of Cyprus’s banks. They lent out too much money to… 19/03/2013
Cyprus parliament rejects bailout conditions in vote Members of Cyprus’ parliament have voted against highly controversial plans to tax bank deposits. 36 MPs voted to reject the plan while 19 abstained. The… 19/03/2013
Cyprus bank levy backtrack underway Having been part of the EU bailout decision to tax all of Cyprus’s bank account holders – rich and poor – the International Monetary Fund has now said it… 19/03/2013
Vote on Cyprus bank tax plan delayed until Tuesday Plans announced at the weekend to tax bank accounts in Cyprus sent stock markets into a spin when the exchanges opened for a new week’s trading. The… 18/03/2013
Cyprus bank levy is ‘unique’ Cyprus needs a bailout mostly to rescue its banks which are in trouble after making loans totalling around eight times the country’s national output… 17/03/2013
Bailout is ‘blackmail’ claims Cyprus president The president of Cyprus has said he was given no choice by Brussels about accepting a painful tax on the country’s bank deposits in return for international… 17/03/2013
Cypriots face up to savings tax challenge The flood of people to bank cashpoints in Cyprus over the weekend appears to have come to an end, but that was not because fears about an EU charge on savings… 17/03/2013
Cyprus holds fire on savings tax debate until Monday Cyprus’s president has postponed a meeting due to debate the EU’s proposed levy on bank savings, and parliament has followed suit, delaying an emergency… 17/03/2013
Cyprus savers to be hit by bailout levy Shock has turned to panic in Cyprus as the terms of a Brussels backed bailout became known. A one-off levy on personal savings drove many to withdraw what… 17/03/2013
Protests in Spain for a “Europe of people”Demonstrators wearing bags on their heads to protest “For a Europe of people versus a European Union of markets” attend a news conference by members of The… 15/03/2013
Unions urge EU to come up with ‘Plan B’ to austerity Unions have held an anti-austerity demonstration as EU leaders met in Brussels. They say it is time to change course on spending cuts and labour… 14/03/2013
Furious Friday sees strikes all over Europe It has been a day of industrial action all over Europe. In Belgium, hundreds of steel workers blocked border crossings to and from neighbouring countries… 08/03/2013
Goodyear plant closure protest – nocomment Protesters demonstrating against the impending closure of a Goodyear tyre-manufacturing plant at Amiens North clashed with police, throwing punches and… 08/03/2013
Chavez’s economic legacy called into question The death of Hugo Chavez has raised questions about whether the oil largesse he generously spread through the region will continue. His influence was felt… 06/03/2013
Europe’s economic gap widens The eurozone was dragged into a deeper downturn in February by the struggling economies of France, Spain and Italy. The latest business surveys of thousands… 05/03/2013
EU leaders talk of Cyprus bailout for end of March A bailout for Cyprus could be on the cards by the end of March following talks in Brussels. The news comes after recent comments by EU Commissioner for… 05/03/2013
Anti-austerity demo in Lisbon – nocomment Thousands of Portuguese turned out in Lisbon to protest against austerity cuts. 03/03/2013
Record loss for Spain’s Bankia amid recovery signs Bankia has reported Spain’s biggest ever corporate loss – 19.2 billion euros. That came as the rescued lender announced huge writedowns – 24 billion euros –… 28/02/2013
Rajoy’s state of the nation holds no surprises Mariano Rajoy has made his first state of the nation address in his 14 months as head of the conservative People’s Party. But the message was one familiar… 21/02/2013
Eurozone downturn deepens The downturn across eurozone businesses unexpectedly worsened this month. That dealt a blow to hopes the region might emerge from recession soon. Surveys of… 21/02/2013
OECD economies contract for first time since 2009 More signs of global economic slowdown have emerged. The world’s richest countries – those in the Organisation for Economic Cooperation and Development –… 19/02/2013
Spanish property giant collapses The bursting of Spain’s property bubble has claimed another victim with developer Reyal Urbis filing for insolvency. That comes after it failed to… 19/02/2013
Danone cuts European jobs on weak demand Danone is to cut around 900 jobs in response to falling sales in southern Europe. The world’s largest yoghurt maker said it is working on returning to more… 19/02/2013
EU and US take their trading places The United States and the European Union will begin free-trade talks this summer as the major economic powers start the long process to reduce trading… 16/02/2013
Italy youth unemployment feeds black market for labour Young people in Italy are finding it more and more difficult to make their way into the job-market. Nationwide, unemployment is on the rise, and young people… 15/02/2013
Eurozone recession worsens The eurozone slipped deeper than expected into recession in the final three months of last year. GDP declined 0.6 percent – the most since early 2009 – as… 14/02/2013
Eurozone economy deeper in recession The eurozone slipped deeper than expected into recession in the final three months of last year. GDP declined by the most since early 2009 as the region’s… 14/02/2013
Italy’s jobless generations Salvatore, a fine dining entrepreneur who has worked on three continents and speaks three languages, has come down in the world since his days as maestro at… 13/02/2013
Goodyear’s profits anger French workers Strong profits just announced by tyremaker Goodyear added to the anger of the company’s French workers who are about to lose their jobs. They clashed with… 12/02/2013
Cyprus rejects ‘bail-in’ of island’s depositors Cyprus will oppose forcing losses on uninsured depositors to rescue the country’s banking system. Cypriot finance minister Vassos Shiarly responded to a… 11/02/2013
Ireland reaches historic bank deal Ireland has struck a long-awaited deal to ease the burden of the debts it took on to rescue its banking system. Prime Minister Enda Kenny won European… 07/02/2013
Political scandal, weak economy impact Spanish bonds Spain’s borrowing costs climbed at its latest bond auction due to an alleged corruption scandal amongst top politicians and concerns over its weak… 07/02/2013
Ready to say ‘Auf Wiedersehen’ to Spain Political uncertainty in Spain, along with further grim unemployment numbers, pushed up the cost of borrowing by the Madrid government on Monday and pulled… 04/02/2013
