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Global economy faces financial bubble, warns German finance minister

Germany’s finance minister Wolfgang Schaeuble has warned that the global economy was facing a financial bubble as central banks were…

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Outlook for eurozone has improved but bloc remains 'vulnerable to shocks': IMF

The International Monetary Fund (IMF) says that the eurozone outlook has improved because of falling oil prices, steps taken by…

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ECB raises emergency helpline for Greek banks

The European Central Bank (ECB) has reportedly increased emergency funding to Greece’s banks by €900 million for a week. Mario…

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Greek banks to remain shut all week, government declares

Greek government has announced that the country’s banks will remain shut all week, after the European Central Bank decided not…

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Greece crisis: EU leaders gather in Brussels for emergency summit

Europe’s leaders are gathering in Brussels for an emergency summit that could decide whether a breakthrough in…

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2015: Eurozone growth forecast raised to 1.5%

The European Central Bank (ECB) has raised the eurozone growth forecast for 2015 from 1% to 1.5%. The bank also…

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Inflation in France turns negative, triggering deflation fears in eurozone

Inflation in France turned negative last month for the first time in over five years, raising concerns…

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ECB raises emergency funding to Greek banks by €3.3bn

The European Central Bank (ECB) has agreed to raise the emergency funding to Greek banks to €68.3 billion, an increase…

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Greece draws 10-point plan, pushes for revised bailout deal

Greece's new government has come up with a plan aimed at replacing 30% of its debt bailout deal. The left-wing…

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ECB takes a tough stand, restricts financing to Greek banks

Signaling a tougher stance on Greece’s debt crisis, the European Central Bank has restricted financing to Greek banks. The ECB…

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Eurozone deflation gains momentum as energy prices drop

Deflation in the eurozone is gathering pace, new data have revealed. January prices in the eurozone were down 0.6% from…

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'Low growth, unemployment are a threat to EU'

A senior European Central Bank (ECB) official has warned that low growth and unemployment are undermining the very foundations of…

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ECB may announce huge bond-buying program

The European Central Bank (ECB) is likely to start a large-scale bond-buying initiative to shore up the eurozone,  media reports…

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Lower energy prices pull eurozone into deflation

The eurozone has entered deflation, with December prices 0.2% lower compared to a year ago, according to official data. The…

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Euro hits nine-year low against dollar

The euro slipped to a nine-year low against the US dollar, with investors predicting the ECB may take action to…

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Manufacturing growth in eurozone at 13-month low

In August, the eurozone’s manufacturing growth slowed to a 13-month low, according to a survey. The crisis in Ukraine may…

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ECB President reiterates low interest rates

European Central Bank (ECB) President Mario Draghi maintained on Monday that ECB interest rates will remain at record lows for…

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ECB cuts interest rate to 0.5%

The European Central Bank (ECB) on Thursday lowered its benchmark interest rate to 0.5 percent from 0.75 percent, the first…

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