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Euro unemployment rises to record high 12 percent
Apr 2, 2013
The jobless rate across the 17 counties that use the euro currency rose to 12 percent in January and February of 2013, adding to signs that the region's economic slump may not be over.
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Cyprus capital controls threaten fate of the euro
Mar 28, 2013
Strict controls on the level of withdrawals have prevented a bank run in Cyprus. But the restrictions are raising fresh doubts about the future of the euro.
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In Cyprus bailout, what's Russia got to do with it?
Mar 15, 2013
European finance ministers are meeting in Brussels today, and at the top of their agenda is Cyprus. The small Mediterranean island nation, which has 850,000 people, is in desperate need of a bailout.
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German economy begins to feel recession pressure
Nov 15, 2012
Europe has officially slipped back into recession. Growth in Germany -- widely considered to have a relatively healthy economy -- has slowed as well.
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ECB to release new euro with an old Greek face
Nov 9, 2012
The European Central Bank says it's going to issue new currency notes next year. The new notes, redesigned to improve security, will feature images from Greek mythology.
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German and French finance ministers meet
Aug 27, 2012
Marketplace's Stephen Beard says September is going to hold some big questions. Will the European Central Bank put together its rescue plan? Will Greece get its next chunk of money to allow it to stay in the euro?
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Greek prime minister meets with French, German officials
Aug 20, 2012
This week, all eyes are on Greece. The country's prime minister is meeting with German and French officials. He's expected to officially ask for extension in meeting the country's fiscal targets.
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Scientists question Draghi's bumblebee metaphor
Aug 3, 2012
In his remarks yesterday, the European Central Bank's Mario Draghi compared the evolution of the euro to that of a bumblebee. Entomologists say that's a confusing metaphor.
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Weak euro lures American travelers
Jul 12, 2012
The euro crisis has weakened the currency -- and strengthened Europe's appeal to American tourists.
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Spanish leaders announces new austerity measures
Jul 12, 2012
As the first batch of bailout funds arrives at Spain's banks, Prime Minister Mariano Rajoy has announced an austerity plan to slash the public deficit. This includes tax hikes and cuts to unemployment benefits.
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