Netherland's credit rating was cut to AA+ by S&P

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Source: Reuters
Netherland's credit rating was lowered by the rating agency Standard & Poor's mainly due to falling consumer prices, slumping house prices and overall performance of the economy, a report released by the agency revealed on Friday. According to the report, Netherland's rating was cut from AAA to AA+ leaving the triple A (AAA) rating only to Germany, Luxemburg and Finland.

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Fri, 29 Nov 2013 16:40:04 GMT

Eurozone's jobless rate falls in October

Unemployment in the euro-area improved in the month of October with the jobless rate recording the first decline since February 2011, the latest data released by the statistical office Eurostat unveiled on Friday. According to the report, the Eurozone's jobless rate dropped from 12.2% recorded in September to a level of 12.1% in the following month.

Fri, 29 Nov 2013 16:18:03 GMT

Eurozone's inflation accelerates 0.9% in November

Inflation in the 17-nation bloc currency increased on a higher pace than economists originally expected in November easing a pressure on the European Central Bank to take further steps in order to boost the economy on the next policy meeting. Report published by the statistical office Eurostat showed that inflation in the euro-area accelerated 0.9% in November. 

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