The OECD unemployment rate fell by 0.1 percentage point to 7.3% in August 2014. Across the OECD area, 44.4 million people were unemployed, 5.5 million less than the peak recorded in April 2010 but still 9.8 million more than in July 2008. The unemployment rate was stable in the eurozone, at 11.5%, with a significant […]
S&P Global BMI has announced its annual reconstitution, including the reclassification of Greece, Qatar and the United Arab Emirates (UAE) as emerging economies, as of 22 September. While Greece’s status changes from developed to emerging economy, Qatar and the UAE’s status is altered from frontier to emerging markets. Greece, Qatar and the UAE will represent […]
European mutual fund flows have shown a remarkable increase during 2014, according to Lipper’s European Fund Market Mid-Year Review 2014. Total European net sales of €252bn into mutual funds are up 34% from the entire sales figures for 2013 (€188bn) and currently represent the highest sales figure since 2006 (€372bn). Cross-border funds took the lion’s […]
Italy’s Intesa Sanpaolo has signed a €75m agreement with the European Investment Bank (EIB), joining as Confirming Bank in the Trade Finance Facility in Greece, established in June 2013.
JP Morgan Private Bank’s César Pérez, EMEA Chief Investment Strategist, reviews the current economic environment in Europe in comparison to four years ago when market confidence in the Euro area was at breaking point.
Niall Gallagher, manager of the GAM Star Continental European Equity Fund, says recent data points to firm recovery ongoing in Spain and Greece.
Five weeks before the elections, Germany’s finance minister Wolfgang Schaeuble has warned that Greece will need a third bailout.
While both eurozone and EU27 GDP went up by 0.3%, Cyprus economy shrunk by 1.4% compared with Q1 of 2013 – Eurostat
The government debt to GDP ratio rose in both the euro area and the EU27, according to Eurostat latest report.
Ignis Asset Management’s Stuart Thomson has identified five countries across Europe which could be the epicentre for the next leg of the region’s financial crisis.
Economists at BNP Paribas say the IMF has recognised mistakes made over its and Europe’s handling of the Greek crisis.
Documents relating to guarantees sought by Finland during the bailout of Greece agreed in early 2012 cannot be held secret, according to a ruling from Finland’s Supreme Administrative Court today.