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Eurozone Deal On Greece Bailout

Eurozone finance ministers and the IMF have reached an agreement to release urgently needed loans to Greece in order to reduce the country’s debt.  The deal was made on Monday after 12 hours of talks at the third meeting of

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Eurozone Crisis: Inflation At Six Month High

Expectations of another interest rate cut from the European Central Bank (ECB) were weakened, after official figures showed inflation in the 17-nation eurozone rose to a six month high in September. According to Eurostat on Friday, prices in the eurozone

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Europe Headed For A Deepening Economic Recession

Business activity in the eurozone has fallen to its lowest since June 2009, a closely watched survey has found. Financial data company Markit said on Thursday its Purchasing Managers’ (PMI) Composite Output Index  for the 17 country eurozone fell to

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Eurozone Crisis: ECB Unveils Bond Buying Plans

European Central Bank President Mario Draghi has announced that policy makers have agreed to an unlimited bond purchase program as they try to regain control of interest rates in the euro area. The announcement came after the ECB held its

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Eurozone crisis: Spain's borrowing costs fall

Spain’s short term borrowing costs tumbled on Tuesday as it raised 4.51 billion euros, on hopes that the European Central Bank will soon start buying its bonds. According to figures from the Bank of Spain, the 12 month rate slumped

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Eurozone crisis: Spain’s borrowing costs fall

Spain’s short term borrowing costs tumbled on Tuesday as it raised 4.51 billion euros, on hopes that the European Central Bank will soon start buying its bonds. According to figures from the Bank of Spain, the 12 month rate slumped

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Eurozone set-up unsustainable, says Draghi

European Central Bank (ECB) president Mario Draghi says that eurozone leaders must decide what they want the bloc to look like in the future, because the current set-up is “unsustainable”. He said that the ECB could not “fill the vacuum”

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