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3
Sep
2015
2
Sep
2015

Unemployment in the Euro Area dipped to its lowest level in more than 3 years in July, suggesting that the region's recovery is at last gaining pace. Eurostat, the EU's statistics office, reported on Tuesday that the seasonally adjusted unemployment rate for the 19-nation region fell to 10.9% in July from 11.1% in June. That's the lowest since February 2012 with Germany at the lowest member country rate and Greece at the highest level.

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1
Sep
2015

August data PMI survey data show a further expansion of the Euro Area manufacturing sector, as continued growth in Germany, Italy, Spain, the Netherlands, Austria and Ireland offset the ongoing contractions in France and Greece. At 52.3 in August, the final seasonally adjusted Euro Area Manufacturing PMI (Purchasing Managers' Index) was only a shade below its earlier flash estimate and July's final posting (both 52.4).

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1
Sep
2015

Europe is split on the handling of the influx of migrants, about half coming from the wars and civic breakdowns in North Africa, the Middle East and Afghanistan. On Monday Angela Merkel, German chancellor, warned Germany's eastern neighbours that the Schengen Agreement on passport-free travel could be put at risk if they are not willing to share the burden of accepting migrants.

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31
Aug
2015

Emmanuel Macron, France's 37-year old reforming economy minister, has called for a Euro Area economic government that would include a transfer union. He also called for a powerful euro commissioner in Brussels. Macron told a German newspaper that the euro crisis and the negotiations for a bailout package for Greece proved that the monetary union could not go on as before.

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30
Aug
2015

Switzerland is the most expensive country in Europe, according to a recent price comparison – and the world, if we are just talking about Big Macs. swissinfo.ch reports from Geneva on what consumers – locals and foreigners – make of the strong franc and the sky-high prices.

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27
Aug
2015

In 2014 roughly 10.9m immigrants lived in Germany. in a total population of 80.2m. This group includes all migrants who settled down in Germany in 1950 or later. Compared with 2011, their number increased by approximately 1m (+11%) -- in a decade, Destatis, the German federal statistics office, also reports that the number of children starting school in Germany fell by 14%. Meanwhile this month Angela Merkel, German chancellor, said she expects Germany to receive a record 800,000 asylum seekers this year, more than the entire EU combined in 2014, highlighting the scale of the biggest refugee crisis to face Europe since the second world war.

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27
Aug
2015

After seven lean years, the European banking industry's recovery from the financial crisis is now in full swing. Profits are at their highest level since 2007, revenues are growing across the board (helped by favourable currency effects) and loan losses are falling. Banks are also expanding business volumes. Capital ratios are on average substantially above Basel III requirements, though uncertainty has increased recently due to a pending further regulatory tightening ("Basel IV").

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