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

Austerity, or the consolidation of public and private budgets, is not an impediment to growth, the German ambassador to Ireland has said.He said one o(...)

Chancellor Angela Merkel said euro nations must follow Germany’s lead in tightening budgets and reshaping labour markets to return to growth as she se(...)

European Central Bank  president Mario Draghi  and vice-president Vitor Constancio (left) arrive for the monthly ECB news conference in Frankfurt yesterday. Photograph: Reuters

The European Central Bank gave its strongest indication yet that it may introduce negative rates, as the bank chose to keep benchmark interest rates a(...)

German Chancellor Angela Merkel and French President Francois Hollande:  will present at a key EU summit this month.  Photograph:  Antoine Antoniol/Getty Images

Europe’s plan for a EU-wide banking union suffered a setback yesterday after France and Germany published an alternative proposal for European economi(...)

Jobseekers queue outside an employment centre in Sintra, Portugal. Photograph: Mario Proenca/Bloomberg

Unemployment has reached a new high in the euro zone and inflation remains well below the European Central Bank’s target, underscoring just how severe(...)

German riot police scuffle with protesters in front of the European Central Bank (ECB) head quarters. Photograph: REUTERS/Kai Pfaffenbach

Thousands of demonstrators from the anti-capitalist Blockupy movement cut off access to the European Central Bank in Frankfurt today to protest agains(...)

Consumer sentiment was broadly unchanged this month despite the recent ECB rate cut, suggesting consumers remain cautious.The KBC Bank Ireland/ESRI Co(...)

World stock markets rallied sharply yesterday, amid hopes of further economy-boosting moves by central banks and data showing US consumer confidence a(...)

Global markets rallied today amid hopes of further economy-boosting moves by central banks and data showing US consumer confidence at a five-year high(...)

File photograph of a worker  controlling  a blast furnace at Europe’s largest steel factory  in the western German city of Duisburg. Germany’s economy crept back into growth in the first quarter of the year after a sharp contraction at the end of 2012. Photograph: Ina Fassbender/Reuters.

The German economy returned to growth in the first quarter but limp construction activity and investment brought about by a severe winter and a(...)

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