EUR News

Germany's producer prices declined at a faster-than-expected pace in March, figures from Destatis showed Monday.

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Eurozone consumer confidence deteriorated for the first time in five months in April, defying expectations for further strengthening, as the uncertainty on Greece lingers, preliminary data from the European Commission showed Wednesday.

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European Central Bank Executive Board Member Benoit Coeure said that Greece exiting the euro area was not a consideration and urged the Greek authorities to take decisive action.

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Hourly wages in Italy remained unchanged for the second straight moth in March, figures from the statistical office Istat showed Thursday.

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A measure of France's future economic activity rose for a second straight month in February, signaling a continuation of recovery in coming months, survey results from the Conference Board showed Friday.

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Spain's measure of future economic activity climbed at a faster rate in February, extending the rising trend into a sixth month, survey figures from the Conference Board showed Friday.

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The move to reshuffle the Greek team that conducts negotiations with creditors will help the situation, but the government must decide on serious reforms to make progress in talks, Bank of France Governor Christian Noyer said Tuesday.

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A measure of future economic activity in Eurozone rose for the fifth successive month in March, signaling sustained improvement in economic activity for the coming months, the Conference Board said Wednesday.

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European Central Bank Vice President Vitor Constancio said that he was certain that Greece's exit from the euro area will be avoided.

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German factory orders recovered in March after falling for two straight months, supporting hopes of a moderate economic growth in the first quarter. Factory orders grew 0.9 percent month-on-month in March, offsetting February's 0.9 percent fall, data from Destatis showed Thursday. But the growth rate was weaker than a 1.5 percent rise forecast by economists.

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