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    European Business & Economy Headlines
    Eurozone industrial output slumps in May (AFP)

    A giant Euro symbol stands in front of Frankfurt's Eurotower, which houses the European Central Bank. Factories and refineries in the 15 nations sharing the euro ratcheted down their production in May amid growing economic headwinds, according to official EU data.(AFP/File/John Macdougall)AFP - Factories and refineries in the 15 nations sharing the euro ratcheted down production in May at the fastest rate in nearly 16 years amid growing economic headwinds, according to official EU data on Monday.


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    Mon, 14 Jul 2008 10:06:11 GMT - Yahoo! News: Business - European Economy
    European stocks firmer after US mortgage plan (AFP)

    A trader standing in front of an index board at the stock exchange in Frankfurt in March 2008. European stocks are firmer but Asian markets fell as investors digested measures to bolster US mortgage giants Fannie Mae and Freddie Mac amid a raft of major company takeover news.(AFP/DDP/File/Martin Oeser)AFP - European stocks were firmer on Monday but Asian markets fell as investors digested measures to bolster US mortgage giants Fannie Mae and Freddie Mac amid a raft of major company takeover news.


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    Mon, 14 Jul 2008 12:05:02 GMT - Yahoo! News: Business - European Economy
    Kosovo donors pledge 1.2 billion euros: EU (AFP)

    Kosovo Prime Minister Hashim Thaci answers questions during a press conference at the EU headquarters in Brussels. International donors pledged 1.2 billion euros (1.9 billion dollars) Friday to help build Kosovo's battered economy, surpassing their target, but tied their offers to action against corruption.(AFP/Dominique Faget)AFP - International donors have pledged 1.2 billion euros (1.9 billion dollars) to help build Kosovo's battered economy, surpassing their target, the European Commission announced Friday.


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    Fri, 11 Jul 2008 16:13:03 GMT - Yahoo! News: Business - European Economy
    Guyana says Caricom hid details of EU trade deal (AFP)

    Guyana's President, Bharrat Jagdeo, seen here in May, has refused to sign the EPA on July 15 in Barbados, until after country-wide consultations and discussions, expected to start late July, or if Europe decides to impose higher tariffs on Guyanese exports.(AFP/Getty Images/File/Joe Corrigan)AFP - Guyana Thursday said Caribbean Community (Caricom) negotiators allegedly hid details of the Economic Partnership Agreements with the European Union that would put the region at a disadvantage.


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    Fri, 11 Jul 2008 00:24:37 GMT - Yahoo! News: Business - European Economy
    Dollar rises against the euro (AP)

    Jean Claude Trichet, president of the European Central Bank, addresses the European Parliament Wednesday July 9, 2008 in Strasbourg eastern France. (AP Photo/Christian Lutz)AP - The dollar was higher against the euro Thursday, a day after the president of the European Central Bank warned that an inflation price spiral was evident in the euro zone.


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    Thu, 10 Jul 2008 09:04:40 GMT - Yahoo! News: Business - European Economy
    EU Parliament calls for sanctions against Mugabe (AP)
    AP - The European Parliament on Thursday called for tighter economic sanctions against President Robert Mugabe's government in Zimbabwe and urged the international community, including African nations, not to recognize his re-election. -- read full article
    Thu, 10 Jul 2008 15:30:59 GMT - Yahoo! News: Business - European Economy
    German trade surplus falls, 'points to contraction' (AFP)

    The headquarters of German car maker BMW in Munich, southern Germany, March 2008. A big drop in Germany's trusty trade surplus underscores fears the biggest European economy might have shrunk in the second quarter of this year, analysts said.(AFP/DDP/File/Joerg Koch)AFP - A big drop in Germany's trusty trade surplus underscores fears the biggest European economy might have shrunk in the second quarter of this year, analysts said Wednesday.


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    Wed, 09 Jul 2008 11:14:49 GMT - Yahoo! News: Business - European Economy
    ECB head says inflation will linger (AP)
    AP - European Central Bank President Jean-Claude Trichet warned Wednesday that euro nations are already seeing the first signs of an inflation price spiral, calling on governments to take care not to grant wage hikes that could fuel further price rises. -- read full article
    Wed, 09 Jul 2008 11:35:27 GMT - Yahoo! News: Business - European Economy
    ECB head says inflation will linger (AP)
    AP - European Central Bank Governor Jean-Claude Trichet has warned that high inflation could linger in the euro-zone for "some time." -- read full article
    Wed, 09 Jul 2008 08:06:55 GMT - Yahoo! News: Business - European Economy
    Slovakia gets greenlight to adopt euro (AFP)

    The hand of Slovakian Finance Minister Jan Pociatek shows a one euro coin. EU finance ministers have given Slovakia the final greenlight to adopt the euro on January 1, 2009, leaving the ex-communist country less than six months to prepare for the changeover, an EU official said.(AFP/File/Samuel Kubani)AFP - EU finance ministers gave Slovakia the final greenlight on Tuesday to adopt the euro on January 1, 2009, leaving the ex-communist country less than six months to prepare for the changeover, an EU official said.


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    Tue, 08 Jul 2008 09:34:12 GMT - Yahoo! News: Business - European Economy
    EU invites Slovakia to join euro zone (AP)
    AP - The European Union has formally invited Slovakia to join the euro zone on Jan. 1, 2009. -- read full article
    Tue, 08 Jul 2008 10:09:27 GMT - Yahoo! News: Business - European Economy
    EU tells Britain to rein in budget deficit (AFP)

    Britain's EU partners have piled pressure on London to improve its public finances, setting a deadline of the 2009-2010 budget year for cutting its deficit to EU norms, an official said.(AFP/File/Stringer)AFP - Britain's EU partners piled pressure on London Tuesday to improve its public finances, setting a deadline of the 2009-2010 budget year for cutting its deficit to EU norms, an official said.


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    Tue, 08 Jul 2008 10:13:47 GMT - Yahoo! News: Business - European Economy
    Asian, European markets fall (AP)

    Elizabeth Millea of Bear Wagner Specialists looks at an overhead monitor from the floor of the New York Stock Exchange, Tuesday, July 8, 2008 in New York. Wall Street fluctuated Tuesday, with investors still jittery about the nation's ailing financial system but relieved to hear Federal Reserve chairman Ben Bernanke say the central bank might extend its lending efforts to investment banks. (AP Photo/Henny Ray Abrams)AP - European and most Asian stock markets fell Tuesday, hit with renewed fears over U.S. credit problems and their impact on financial companies after weakness in the previous session on Wall Street.


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    Tue, 08 Jul 2008 12:41:33 GMT - Yahoo! News: Business - European Economy
    British economy facing 'serious risk' of recession: survey (AFP)

    A construction crane in central London. Britain's economy, buckling under the credit crunch and a slowing property market, faces a AFP - Britain's economy, buckling under the credit crunch and a slowing property market, faces a "serious risk" of recession as firms face soaring costs and falling orders, according to a survey published Tuesday.


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    Tue, 08 Jul 2008 16:50:04 GMT - Yahoo! News: Business - European Economy
    New Serb government to focus on EU, economy (Reuters)

    Members of Serbia's new Government take their oaths in Belgrade July 7, 2008. (Stringer/Reuters)Reuters - Serbia's new government will focus on quick entry into the European Union, strengthening the country's economy and keeping Kosovo as a part of Serbia, Prime Minister designate Mirko Cvetkovic said on Monday.


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    Mon, 07 Jul 2008 21:02:41 GMT - Yahoo! News: Business - European Economy
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