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In April 2012, Olli Rehn, the European commissioner for economic and monetary affairs in Brussels, "enthusiastically announced to EU parliamentarians in mid-April that 'there was a breakthrough before Easter'. He said the European heads of state had given the green light to pilot projects worth billions, such as building highways in Greece."
At the time, the European Commission released a forecast of a 1.8% decline in EU economic output for 2009, making the outlook for the banks even worse. [19] [20] The many public funded bank recapitalizations were one reason behind the sharply deteriorated debt-to-GDP ratios experienced by several European governments in the wake of the Great ...
9 February – The European Parliament approves the Barroso II Commission: the result is 488 votes in favour to 137 votes against, with 72 abstentions.; 11 February – At an informal meeting in Brussels, Heads of state and government agree to support the Greek government in its efforts to meet the Stability Programme targets for 2010.
The European Commission suggests - in a late forecast compared to those of many other economists - that the eurozone economy will shrink in 2013, and the EU economy will tick up by only the slightest.
The Organisation for Economic Co-operation and Development (OECD) issued its new Economic Outlook, and most of its forecasts were based on rising pessimism. That cannot come as a surprise. The ...
Public debt $ and %GDP (2010) for selected European countries Government debt of Eurozone, Germany and crisis countries compared to Eurozone GDP. The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, was a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s that made it difficult or ...
It’s a busy day on the economic calendar, with stats from China, the Eurozone, and the U.S to influence. COVID-19 will also remain in focus.
An economic indicator is a statistic that conveys certain information about economic activity. Economic indicators allow investors to analyze the economic performance of a state, country or region, as well as make forecasts about future performance. For example, each quarter the United States releases data on gross domestic product (GDP). This ...