Unemployment rises as Euro-zone factories suffer

Note: This section contains information in English only.
Source: Reuters
The PMI in the Euro zone has been fluctuating below 50 since 2009. A recent survey showed that in Germany and France, factories were worse off influenced by the recession in the south of Europe. The hiring index decreased to 46.7  in June 2012 from 47.1 in May this year, indicating a notable rate of job losses. Although the factory output index increased buy 0.01%, the gauge still shows signs of a future downfall.
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Mon, 02 Jul 2012 12:28:32 GMT

European leaders ask Central Bank for help

EU leaders required an aid from ECB officials to strengthen attempts in mitigating markets and forcing the currency bloc`s unification. ECB based in Frankfurt is likely to respond on July 5, implementing series of necessary actions including purchasing bailout program bonds. Economists predict the Central Bank to decrease its benchmark interest rate by 25 basis points.

Mon, 02 Jul 2012 12:06:32 GMT

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