Christian Schulz News
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A euro-area services and factory output gauge increased more than economists forecast in May, adding to signs the currency bloc is starting to emerge from its record-long recession.
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German investor confidence rose less than economists forecast in May, highlighting the risks to the economic outlook as the euro region remains mired in recession.
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The European Central Bank will publish data today showing how much money savers withdrew from the euro region’s banks after a botched attempt to tax Cypriot savers as part of a European Union-led bailout.
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Portuguese Prime Minister Pedro Passos Coelho faces a Constitutional Court ruling on the legality of some elements in this year’s budget that may challenge the government’s ability to meet deficit targets.
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German factory orders rose more than twice as much as economists forecast in February, adding to signs that Europe’s largest economy returned to growth in the first quarter.
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Portugal’s Constitutional Court blocked some of the government’s planned cuts in payments to state workers and pensioners for a second time.
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Euro-area inflation slowed less than economists forecast in March as steeper price increases for services offset an easing in energy costs.
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Euro-area services output contracted more than initially estimated in March as the economy struggled to pull out of the recession.
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The European Central Bank has to decide how big a threat Italy poses to Europe’s recovery.
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German exports fell more than economists forecast in February as the euro area, the country’s biggest trading partner, struggled to emerge from recession.
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