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Greek unemployment eases to 26.4pc in July ATHENS: Greece's jobless rate eased to 26.4 percent in July from 26.7 percent in June, Greek statistics agency ELSTAT said on Thursday.July's reading was the lowest since December 2012 when unemployment stood at the same level.The record high was set in September 2013, when unemployment reached 27.9 percent.At more than double the euro zone average of 11.5 percent in July, Greece's unemployment rate remains near record highs despite signs of recovery in the economy, which is projected to emerge from recession and expand by 0.6 percent this year.Copyright Reuters, 2014 ...

Italy PM Renzi wins confidence vote on labour reform proposal ROME: Italian Prime Minister Matteo Renzi won a confidence vote early on Thursday on a labour reform package that is a central part of his government's push to reform the chronically stagnant economy.Renzi won the vote in the upper house Senate 165 for and 111 against. He would have had to step down if he had lost. Stonewalling by opposition parties delayed the vote, expected in the afternoon, late into the night.The legislation now must ...
Scottish nationalists must rule out repeat referendum: UK minister GLASGOW: Scottish nationalists must rule out holding another referendum on independence to prevent damaging uncertainty hanging over the future of the United Kingdom, Britain's Scotland minister will say on Sunday.After a close fought campaign Scots voted last month by 55 to 45 percent to reject independence and keep the 307-year-old union with England intact, prompting the resignation of First Minister and leader of the Scottish National Party Alex Salmond."We settled the independence question in a ...
Support for Spain's ruling conservatives sinks: poll MADRID: Support for Spain's centre-right People's Party (PP) has sunk to its lowest level since its general election victory in 2011, while support for new leftist party Podemos has risen, a poll showed on Sunday.Spaniards have become increasingly disenchanted with politics as unemployment, fraud and separatist tensions in Catalonia cloud a nascent economic recovery.This has taken its toll on Prime Minister Mariano Rajoy's government, which has also lost enthusiasm from traditional conservative voters since it ...
German defence minister wants to revive Euro Hawk BERLIN: German Defence Minister Ursula von der Leyen wants to revive the high-altitude reconnaissance drone Euro Hawk after the government backed away from plans to buy some last year, a German newspaper said on Saturday. Frankfurter Allgemeine Sonntagszeitung (FAS) said it had learnt from the defence ministry that it wanted "to get the Euro Hawk drone out of the garage" to be able to test a reconnaissance system for it. In an advance copy of ...
Poland needs 'stronger eurozone' to join single currency: PM WARSAW: Central European heavyweight Poland needs a stronger eurozone and stability for its own economy to join the single European currency, the country's prime minister-designate said Wednesday."A stronger eurozone and stable Polish economy are the pre-conditions for entry into the eurozone," Ewa Kopacz told parliament ahead of a confidence vote that her new cabinet is expected to win later in the day.Copyright AFP (Agence France-Presse), 2014 ...
German unemployment unexpectedly rises in September BERLIN: German joblessness unexpectedly increased in September, the Labour Office said on Tuesday, in a further sign that Europe's largest economy remains subdued after contracting in the second quarter. The number of people out of work increased by 13,000 to 2.918 million, seasonally-adjusted data showed. That confounded expectations for a drop of 2,000 and overshot even the highest estimate in a Reuters poll for a rise of 10,000. The jobless rate nonetheless held steady at ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln