Snow urges faster growth in eurozone
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Sluggish growth in the eurozone is holding back the global economy, according to the US Treasury Secretary John Snow. Speaking during a visit to Dublin, he said the zone was growing at &quot;below its potential
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Industrialised economies are growing at 3.1 percent this year, the OECD said as it warned that the United States may have to raise interest rates further but that the European Central Bank should wait.
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Global lenders need to offer more grants and debt relief to poor countries and tailor lending toward the private sector, Treasury Secretary John Snow said today.
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A senior French official says the euro needs to carry more weight internationally to rival the dollar.
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The first signs of a possible economic slowdown in the euro area emerged in the fourth quarter despite strong growth in the previous quarter, European Central Bank's executive board member Juergen Stark said on Tuesday.
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The German economy, the biggest in the 12-country eurozone, will grow by 2.0 to 2.5 percent this year -- a faster rate than originally forecast, Economy Minister Michael Glos has said.
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A report released in Brussels on Friday showed a slowdown of economic growth in the 12-nation eurozone due to record high oil prices and the euro&#39;s sharp rise against the US dollar.
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The current strength of the euro represents an "extraordinary burden and risk" to the economy and the European Central Bank should keep interest rates at a level that is "favourable" to growth, German Economy ...
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US Treasury Secretary John Snow said China is ``intent&#39;&#39; on changing its exchange rate system and doing so would benefit the Chinese and global economies.
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Growth in the eurozone economy slowed slightly to 0.5 percent in the second quarter and is set to maintain roughly that pace for the rest of the year, the European Commission said Tuesday.
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The United States would like the dollar to strengthen but says international currency markets should set its value, U.S. Treasury Secretary John W. Snow said yesterday.
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The United States would like the dollar to strengthen but believes international currency markets should be left to set its value, U.S. Treasury Secretary John Snow said Monday.
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The Irish economy continues to expand at a much faster pace than its eurozone neighbours despite a slowdown in its housing market.
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BERLIN: Surging oil costs heighten the risks to the euro zone recovery, European Central Bank President Jean-Claude Trichet said yesterday in an interview that pushed prospects for a credit tightening further into the background.
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The slowdown in economic growth seen in the 12-country eurozone in the third quarter of this year is only "temporary," the European Central Bank's chief economist Otmar Issing said in a newspaper interview.
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U.S. Treasury Secretary John Snow on  Friday said he was optimistic that China intends to introduce  more flexibility into its currency but said Beijing must match  actions to its words.
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The euro zone  economy could slow more than previously forecast, a policymaker  said on Saturday, as other EU leaders voiced worries about the  weak U.S. economy and the strong euro currency.