JNN 04 May 2012 LONDON — Record high unemployment for the 17 countries that use the euro is set to increase the pressure on Europe’s leaders to switch from a focus on austerity to a pro-growth strategy to stop the region from moving deeper into recession. Continue reading
Tag Archives: Eurozone
EU loses its credit rating due to recession and Poor Economic conditions
JNN 14 Jan 2012 : EU’s Economic Affairs Commissioner Olli Rehn has criticized Standard & Poor’s (S&P) for downgrading the credit ratings of nine eurozone countries. Continue reading
EC President warns of huge EU crisis
JNN 28 Sept 2011 : The head of the European Commission warns that the EU could face the “biggest crisis in its history,” amid struggles to contain a sovereign debt crisis that is threatening the euro’s survival. Continue reading 
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