BRUSSELS, Oct 4 (Reuters) - Brazil and the European Union must take concerted action to calm markets fearful of global contagion resulting from Europe's debt crisis, leaders from both sides said on ...

A more positive picture of the EU economy has been predicted: it is to avoid recession with lower inflation and higher growth than had been forecast. The bloc will now avoid a technical recession, the ...

BRUSSELS (Reuters) - Tensions over state support for banks surfaced as European Union finance ministers met on Tuesday to discuss how much money governments could mobilise to combat recession.

MILAN (Reuters) -Banks across the European Union are strong enough to weather an economic shock driven by geopolitical and trade tensions, the European Banking Authority said on Friday as it presented ...

ATHENS, Oct 27 (Reuters) - Greeks greeted the latest European Union deal to rescue their debt-choked country with deep scepticism on Thursday, fearing further painful belt-tightening and years more of ...

BRUSSELS Europe s economy is still reeling and unemployment could remain high for years in spite of the progress made in solving the debt crisis, the European Union warned Wednesday as it downgraded ...

The 15 countries sharing the euro are teetering on the brink of recession but should just escape the worst, the European Commission said on Wednesday, slashing its economic forecasts for this year.

The European economy looks set for a further downturn as Germany, Spain and the UK are expected to fall into recession, according to Commission estimates presented yesterday (10 September). The news ...

BRUSSELS – The European Union warned Thursday that the 17-country eurozone could slip into “a deep and prolonged recession” next year as the debt crisis shows alarming signs of spinning out of control ...

The Italian economy shrank by 0.2 percent in the second quarter, dragging the eurozone's third-biggest economy back into recession and further behind EU neighbours, data from the national statistics ...

BRUSSELS, Nov 03, 2008 (AFP) - The global financial crisis is pushing the whole European Union into recession, official forecasts said Monday as South Korea unveiled its own 8.5 billion dollar ...

BRUSSELS (Reuters) - Euro zone economic growth will slow sharply next year as weak confidence undermines investment and consumption and tighter fiscal policies reduce domestic demand, the European ...