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October 7, 2008 9:17:50 AM CDT

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Stories related to: eurozone

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3 Stories

  • August 2008

    • Eurozone Sees First Slump; Germans Lead Decline

      Guardian (UK)  |  Aug 14, 08 7:27 AM CDT

      Eurozone Sees First Slump; Germans Lead Decline

      (Newser) - The eurozone economy contracted 0.2% in the second quarter, the first time the 15-nation union has seen negative growth since it was formed a decade ago, reports the Guardian . The group of countries that share the euro saw 0.7% growth in the first quarter but were hurt this time by economic downturns in Germany, France, Italy, and Spain. More »

      Tags

      France  • Germany  • inflation  • global economy  • eurozone

  • July 2008

    • Europe Hikes Interest Rates to Curb Inflation

      MarketWatch  |  Jul 3, 08 8:29 AM CDT

      Europe Hikes Interest Rates to Curb Inflation

      (Newser) - The European Central Bank today adjusted interest rates for the first time in more than a year, reports MarketWatch, raising the main rate by a quarter-point to 4.25%. The increase comes just after a report that inflation in the eurozone has reached 4%, the highest rate since the introduction of the euro in 1999. The move was expected, and the euro remained strong, hovering at around $1.58. More »

      Tags

      inflation  • interest rate  • euro  • European Central Bank  • ECB  • eurozone

  • January 2008

    • Cyprus, Malta Adopt Euro

      Bloomberg  |  Jan 1, 08 12:35 PM CST

      Cyprus, Malta Adopt Euro

      (Newser) - The new year brought a new currency to Malta and Cyprus, which today became the 14th and 15th countries to adopt the euro. The changeover went smoothly, the EC said in a statement. "Both Cyprus and Malta are small, open and thriving economies for whom having a stable and widely used currency will provide a major advantage," an economist told Bloomberg. More »

      Tags

      euro  • Cyprus  • international currency  • eurozone  • Malta

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