The European Central Bank (ECB) announced Monday that just 25 out of the eurozone's 130 financial institutions had failed the stress tests, a signal that the region's banking system is becoming a lot more stable and the ECB is doing its job of supervision correctly. According to … [Read more...]
Eurozone youth unemployment rate stands at 23.7% or 19 million people
Last week, new employment data in Europe was published and reported that the eurozone’s seasonally-adjusted unemployment rate was 11.8 percent in the month of March. According to Eurostat, the European Union’s statistics office, close to 19 million people remain unemployed in the … [Read more...]
Greece to Get 34.3 Billion Euros in Bailout Money
The Eurogroup, a meeting of the finance ministers of all the members of the Eurozone, agreed to doll out 34.3 billion euros to Greece as part of a larger bailout plan that has famously included austerity measures that have met with much resistance. “The disbursement today will allow … [Read more...]
