Eurozone Economy

The economy in Europe's 18-nation eurozone has stalled. After a year of weak growth, the European Union said Thursday the economic fortunes of the countries that use the euro currency flattened in the April-to-June period. The region's three biggest economies failed...

By VOA / Lisa Bryant - Hopes that the 17-member eurozone will finally emerge from its economic doldrums this year have faded, with new data Friday showing the recession in the euro area deepening even more than originally expected. There...

Greece and Spain are in “depression, not recession”, Nobel prize-winning economist Joseph Stiglitz said on Wednesday, blaming tough austerity measures for their downward economic spiral. Stiglitz also maintained that the International Monetary Fund was “a little too optimistic” in its...

Cyprus looked poised to be the next eurozone economy to be bailed out, as its finance minister warned just days remain to meet a key deadline to shore up its banks. The island and its financial sector are heavily exposed...