The eurozone,as a whole, has returned to recession as the region’s debt crisis continues to have a negative impact on demand, the economy of the 17-nation bloc contracting by 0.1% between July and September, after shrinking 0.2% in the previous three months, according to Eurostat. The eurozone was last in recession in 2009, when the economy contracted for five consecutive …
Is the euro set to continue weakening?
Peter Lavelle at currency broker Pure FX 16.11.2011 The euro has weakened in the past week, as concerns that Italy cannot cut its huge debt prompt investors to flee to havens including the pound. Is this trend set to continue?
Eurozone unemployment in October
Unemployment in the Eurozone rose by 0.1% in October to 10.1% although Spanish unemployment remained stable at an unhealthy 20.7%. In the EU as a whole, unemployment for October remained stable at 9.6%.