Antonis Samaras’s mission to end Greece’s exile from bond markets faces a reality check this week as data show how deeply the economy remains mired in deflation with the worst jobless rate in the euro area.
President Francois Hollande signaled that France will seek another delay to its deficit-cutting commitments so that his new government can try to bolster growth with tax cuts after a rout at the polls.
As the European Union steps up its response to Russian president Vladimir Putin’s annexation of Crimea, German companies are urging caution lest sanctions harm their business ties -- and Europe’s shaky economic recovery.
The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates.
Bank customers in Cyprus, which agreed to a 10 billion euro ($13 billion) bailout today, may line up to withdraw money when savings institutions reopen, Holger Schmieding, chief economist at Berenberg Bank, said.