German factory orders soared in December

Source: Bloomberg
German factory orders recovered and increased at a faster-than-expected pace in December, posting signs that Europe's biggest economy is recovering. Factory orders grew 4.2 % in December, much faster than economists' expectations for a 1.5 % increase. Meanwhile, in November, orders declined 2.4%, posting the same rate of losses as in October.
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Fri, 06 Feb 2015 08:41:11 GMT

Spain fails to reach deficit target despite economic expansion

Spain will not reach its deficit target, and will show the biggest monetary gap in the Euro area, according to the European Commission. The 4.5% shortage of GDP in 2015, is higher than the Spanish government's expectations of 4.2%. Meanwhile, the Spain's Prime Minister Mariano Rajoy, has assured to decrease taxes, to be re-elected on a prospect of economic recovery.

Thu, 05 Feb 2015 12:37:04 GMT

ECB annuls Greek debt's treatment

The European Central Bank renounced its agreement of Greek bonds instead for funding, implying that Athens' Central Bank is obliged to support its lenders unless it approves a new reform. The decision was taken after a meeting of Greece's new Finance Minister Yanis Varoufakis with ECB President Mario Draghi, which will be implemented starting from February 11. 

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