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Protesters in Athen. Since the Greeks want to remain inside the eurozone, they have to bear the resultant pain. Greek tragedy the start of a sad story

The crisis proved a calamity for fiscal policy everywhere

Euro zone inflation accelerated in May, led by the Netherlands, adding to signs the currency bloc’s economy is beginning to emerge from a record-long recession. Photo: Bloomberg Euro zone inflation rises

Consumer price growth quickened to 1.4 per cent from 1.2 per cent in April

The seasonally adjusted trade surplus fell in April as exports increased by 1 per cent and imports rose by 4 per cent. Photo: Bloomberg Trade surplus narrows to €3.4 billion in April

Exports increased by 1 per cent and imports rose by 4 per cent resulting in 3% decrease in trade surplus

German economists said that ECB bond-buying to stabilise crisis euro countries – over €200 billion and counting – had put the bank in a legal “grey area” German court considers ECB bond-buying policy

Emergency liquidity to Irish banks was hidden state financing, says economist

German ambassador Dr Eckhard Lubkemeier, who today said austerity is not an impediment to growth. Photo: Dara Mac Dónaill/The Irish Times Ambassador says austerity not an barrier to growth

Dr Eckhard Lubkemeier says member states needs an open and frank discussion about their differences

Bundesbank chief Jens Weidmann and ECB Board member Jörg Asmussen (right) wait for the start of the hearing at the constitutional court in Karlsruhe. Photograph: Uli Deck/Pool/Reuters EU democracy ‘gone to the dogs’, German court told

Country’s highest court hears criticism of sovereign bond-buying programme

Euro nations must follow Germany’s lead in tightening budgets, says Merkel

German leader issues warning as Hollande insists euro crisis is over

Finland’s prime minister Jyrki Katainen and Taoiseach Enda Kenny talk as they walk at the prime minister’s official residence Kesäranta in Helsinki. Photograph: Kimmo Mantyla/Lehtikuva/Reuters Kenny declines to row into EU and IMF dispute over Greek bailout

Olli Rehn says troika partner did not support early debt restructuring

German exports rose in April and imports surged even more, data showed today, suggesting Europe’s largest economy is regaining some momentum after it contracted at the end of 2012. Photograph: Tobias Schwarz/Files/Reuters. Trade figures suggest German economy gaining strength

Imports and exports in Europe’s largest economy beat forecasts in April

The euro zone’s central bank cut its main rate last month and signalled it was ready to do more should a recovery not materialise in the second half of the year. ECB holds rates as it waits for signs of recovery

Draghi says bank will remain ‘accommodative’ for as long as necessary

International Monetary Fund managing director Christine Lagarde. Lagarde says global economic growth may slow down

IMF managing director says Greece is on track with bailout programme

German Chancellor Angela Merkel and French President Francois Hollande: will present at a key EU summit this month. Photograph: Antoine Antoniol/Getty Images France and Germany challenge euro zone banking union

Franco-german proposals include timetable for direct recapitalisation of banks by the rescue fund – a key concern for Ireland

Jobseekers queue outside an employment centre in Sintra, Portugal. Photograph: Mario Proenca/Bloomberg Euro zone unemployment hits another record high
  • Europe
  • Reuters
  • May 31, 2013, 11:51

Joblessness in the 17-nation currency area rises to 12.2 per cent in April

Italian unemployment rate hits 36-year high

Joblessness rose to 12 per cent after the March reading was revised up to 11.9 per cent

European shares open slightly lower

Profit-taking expected to keep trade jittery on the last day of May

A car set on fire following riots in the Stockholm suburb of Kista May 21st, 2013. Photograph: Reuters Immigration issues need more discussion

We have a long history of sidelining those who dissent from the consensus in order to close down debate on important issues

German chancellor Angela Merkel and French president Francois Hollande are meeting in Paris today to discuss management of the euro zone. Photograph: Francois Lenoir/Reuters Merkel and Hollande seek to align EU stance in Paris talks

Meeting comes after EU granted France an extra two years to meet deficit-cutting targets

European economic and monetary affairs commissioner Olli Rehn said yesterday that euro zone countries must focus on reforming their labor and services markets and can slow the pace of debt-cutting. Confidence in the euro zone grew more than expected in May. Photograph: Francois Lenoir/Reuters Confidence in euro zone increases

Economic sentiment rises in May as Greek morale hits five-year high

Spanish riot police charge firefighters during a protest against austerity measures in front of the Catalonian parliament in Barcelona yesterday. Photograph: Paco Serinelli/AP Commission warns of economic challenges

Economic recommendations for member states include forecast that euro zone economy will shrink this year

European Commission to issue economic guidelines

Brussels expected to shift focus from austerity to structural reforms

As a mutual organisation, owned by its members and managed for their benefit, the Co-operative is supposed to be different from other banks. Co-op gets itself into the same mess as other financial institutions

The Co-op bank was known for prudence – until word came of its £1.8bn deficit

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