eurozone
May 23rd, 2013
According to a study carried out recently by the international investment manager, Schroders, Spanish investors, along with the Italians and Portuguese, showed the least confidence in investment opportunities for the current year. The survey, conducted among 14,800 investors from over twenty different countries, specifically places the Spanish as the third ...
Continue reading Spanish Investors Among Least Optimistic for 2013
May 20th, 2013
The recession in the eurozone has eased off as, between January and March of this year, the gross domestic product fell by 0.2% compared to the 0.6% decline recorded between October and December 2012. This latest figure marks an accumulation of four consecutive quarters of declines in the eurozone. According to ...
Continue reading Eurozone Recession Slows After GDP Falls by 0.2%
May 9th, 2013
During a press conference this week, following a meeting between the Spanish Prime Minister, Mariano Rajoy, and Italian Prime Minister, Enrico Letta, at Moncloa Palace, both leaders stressed that Spain and Italy are firmly committed to the project of European integration and that they are determined to do everything possible ...
Continue reading Spain and Italy Unite to Promote Employment and Banking Union
May 7th, 2013
According to the latest data provided by Eurostat, the rate of unemployment in the eurozone climbed to a record high of 12.1% in March, one-tenth above the February figure and well above the 11% registered a year ago, which once again puts Greece and Spain at the head of unemployment. ...
Continue reading Eurozone Unemployment Marks New Record in March
April 22nd, 2013
The EU statistics office, Eurostat, has confirmed that inflation continued to fall in March, year-on-year, in both the eurozone and the European Union (EU), to stand at 1.7% and 1.9%, respectively. This represents a decrease of one-tenth for both the eurozone and the EU-27 compared to the previous month. The prices ...
Continue reading Eurozone Inflation Down to 1.7% in March
April 19th, 2013
According to the latest EU Oil Bulletin, fuel prices have fallen this week compared to last week. For petrol, the average price per litre has fallen to 1.428 euros, and the price of diesel has dropped to 1.342 euros per litre, representing declines of 2.46% and 2.33%, respectively. The average price ...
Continue reading Petrol and Diesel Prices Set to Drop by 2%
April 15th, 2013
In 2010 the average net wealth of households in the eurozone periphery countries, such as Spain or Italy, exceeded the wealth in the monetary union’s core economies, such as Germany and France, according to the first Eurosystem financial and household consumption survey published by the European Central Bank (ECB). El Mundo ...
Continue reading ECB Says Spanish are Wealthier than Germans and French
March 27th, 2013
The export drive in the Spanish economy intensified at the start of 2013 as exports from the country totalled 17.88 billion euros, an increase of 7.9% over the same month of last year. The pace of growth in December 2012 stood at 4.6%, meaning that the result in January indicates ...
Continue reading Growing Spanish Exports Above EU Average
March 20th, 2013
According to data released on Friday by Eurostat, Spain was the European Union country where wages recorded the greatest decrease in the last quarter of 2012, with a fall of 4.3% compared to a year earlier, against an increase of 1.4% recorded for the whole of the EU-27. Of the ...
Continue reading Spain the EU Country Where Wages Fell Most in 2012
March 5th, 2013
The unemployment rate in the eurozone rose one-tenth in January, reaching a record level of 11.9%, which is 1.1% more than the 10.8% recorded a year ago, according to the latest data provided by Eurostat, which positions Spain as the country with the second-worst figures across the region, after Greece. Specifically, ...
Continue reading Eurozone Unemployment Rose to Record 11.9% in January
