Protests in Spain

Note: This section contains information in English only.
Source: The Wall Street Journal
On Saturday tens of thousands of protestors demonstrated in Madrid and other big cities, expressing their discontent with a grim economic outlook, and the measures undertaken to combat the crisis. Spain's economy is in recession with the highest unemployment rate among the Eurozone member states of 25 %. Due to such serious economic difficulties, a bailout is expected.
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Mon, 14 May 2012 05:11:19 GMT

The European Commission's outlook for the Eurozone economy

The unemployment rate in the Eurozone is expected to increase to 11 % this year, up from 10.2 % in 2011, with the economic outlook getting more pessimistic, the European Commission reported on Friday. Spending cuts and tax increases have undermined the economy more than expected. However, the commission expects a slight recovery for the Euro bloc of 1 %

Mon, 14 May 2012 04:36:20 GMT

European woes put the US recovery at risk

Likelihood of Greece exit from the Eurozone, increasing borrowing costs in Italy and Spain, recession in some European states are contributing to increasing concerns about an intensifying crisis, which might hinder fragile recovery of the US economy. However, the US exports to Europe have been improving since the financial crisis in 2008.  

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