EUROPE ECONOMY

AP

Is That You, Europe?

BRUSSELS - Europe's economy is growing faster, raising hopes for a sustainable recovery, but that may not be enough to bring sky-high levels of unemployment down anytime soon.The economy of the euro b...
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The Contagion Spreads

LONDON - The eurozone economy has passed another bleak milestone.Official figures Tuesday showed that unemployment across the 17 European Union countries that use the euro has struck 12 per cent for t...
AP

On Recession's Edge

LONDON - Europe is edging closer to recession, dragged down by the crippling debt problems of the 17-country euro bloc, official figures showed Tuesday.Eurostat, the European Union's statistics agency...
AP

Eurozone Unemployment At Record High

BRUSSELS - Unemployment across the 17 countries that use the euro stayed at 11 per cent in April — the highest level since the single currency was introduced back in 1999, piling further pressure on t...
AP

Flaherty Blasts EU Leaders

OTTAWA - Finance Minister Jim Flaherty is not letting up on his criticism of European leaders, telling them in a blistering speech that their dithering is jeopardizing the global recovery.The unusuall...