Almunia dismisses eurozone economic fears
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Eurozone economic chiefs on Monday looked on the bright side of recent &quot;worrisome&quot; data, insisting that the 12-country single currency area was still on course for growth of 2 per cent in 2005.
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The European Commission will next month lower its eurozone growth projections, but the EU is not facing a recession, European Commission President Jose Manuel Barroso said Tuesday.
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The creation of the euro has brought economic stability to Europe but has yet to spark growth, as eurozone governments have failed to implement reforms, EU Economic and Monetary Affairs Commissioner Joaquin Almunia said.
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The European Commission lifts its economic growth forecast for the eurozone and cuts its inflation prediction.
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Dpef. Arriva la &quot;benedizione&quot; del commissario Ue Almunia. Secco no ai tagli fiscali senza l&#39;accordo in sede Ecofin. Secondo il commissario Ue agli affari monetari ed economici, Joaquin Almunia, il Dpef italiano &quot;Ã¨ un documento realistico&quot;.
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Abandoning recent threats to raise interest rates, the European Central Bank hinted Thursday that it would soon follow the Federal Reserveâs lead and cut them.
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Official figures show the 12-nation eurozone economy continues to grow, but there are warnings it may slow down later in the year.
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Nella Ue &#39;&#39;continuano a sussistere i presupposti per un proseguimento dell&#39;espansione economica&#39;&#39;, ma la Bce si attende &#39;&#39;una graduale ripresa dell&#39;attivitÃ  nell&#39;area euro nei prossimi due anni, con tassi di crescita in qualche misura piÃ¹ moderati
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Record oil and food prices kept eurozone inflation at 3.1% in December, says the European Central Bank.
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The European Central Bank (ECB) decided Thursday to keep its euro-zone main interest rate unchanged at 2 percent despite the slowdown of the economic growth.
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Jean-Claude Trichet, president of the European Central Bank, has made clear that a cut in interest rates is not on the central bank&#39;s agenda, despite the increasingly damaging
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LONDON, October 26  - The European Commission has reduced its growth forecasts for the Eurozone economy for 2005, saying that the elevated oil prices and a continued rally in the euro would adversely impact the economy next year.
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The OECD says the levels of inflation in the eurozone, Japan and the US do not justify further interest rate rises.
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The move signaled that the European Central Bank sees the euro's strength against the dollar as a more imminent threat to Europe's sluggish economy than inflation.
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St Louis Federal Reserve President  William Poole on Friday dismissed fears that the U.S. economy  was heading into a recession.
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The European Central Bank has kept eurozone interest rates unchanged at 2% for the seventeenth consecutive month. The decision came amid worries about the economy in the 12-nation eurozone.
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The European Central Bank keeps interest rates in the eurozone at their current level of 4%.