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The asset purchase programme of the European Central Bank provided sufficient flexibility and can be altered if needed, the minutes of the meeting held on June 2 and 3 showed Thursday. "As stated on previous occasions, the design of the APP provided sufficient flexibility for it to be adapted if...

Greece Finance Minister Yanis Varoufakis said he will quit his post if Greek people accept creditors' conditions on Sunday. In an interview with Bloomberg Television in Athens, Varoufakis said he will not be finance minister on Monday evening in the event of a "yes" vote in July 5 referendum. Varoufakis...

Spain's registered unemployment declined for the fifth consecutive month in June, data from the labor ministry showed Thursday. Jobless claims dropped by 94,727 in June from the prior month. From June 2014, unemployment decreased by 329,397. The ministry said there were around 4.12 million people...

SwedenCentralBank-070215.jpg Sweden's central bank unexpectedly cuts its key repo rate and expanded its asset purchase programme to contain the appreciation of krona amid increased uncertainty over Greece crisis. The Executive Board of the Riksbank lowered its key rate to -0.35 percent from -0.25 percent. The bank also extended its government bond purchase programme by a further SEK 45 billion with effect from September and

Cyprus consumer prices declined at a faster pace in June than in the previous month, figures from the Statistical Service of the Republic of Cyprus showed Thursday. The consumer price index dropped 2.4 percent year-over-year in June, following a 2.0 percent decrease in May. In April, prices had fallen...

The British construction sector expanded at a faster than expected rate in June, with the growth the fastest in four months, on higher output and new orders, survey figures from Markit Economics and Chartered Institute of Procurement & Supply showed Thursday. The seasonally adjusted Markit/CIPS UK...

Romania's producer prices declined for the eighth straight month in May although the rate of decrease eased from the previous month, figures from the National Institute of Statistics showed Thursday. The producer price index fell 2.4 percent year-over-year in May, slower than April's 2.8 percent decrease....

Eurozone producer prices continued to decline in May largely due to notable weakness in energy costs, data from Eurostat showed Thursday. Producer prices fell 2 percent year-on-year in May following a 2.1 percent drop in April. The annual fall matched economists' expectations. Excluding energy,...

UKHousePrice-070215.jpg U.K. house prices dropped in June from May taking the annual growth to the lowest in two years, data from the Nationwide Building Society revealed Thursday. The annual increase in house prices moderated to a two-year low of 3.3 percent in June from 4.6 percent a month ago. Economists had forecast a 4.5 percent rise for June.

Corrected interest rate in the second para Sweden's central bank unexpectedly cuts its key repo rate and expanded its asset purchase programme on Thursday. The Executive Board of the Riksbank lowered its key rate to -0.35 percent from -0.25 percent. The bank also extended its government bond purchase...

While Greece is geared up for the Sunday referendum, Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis are recommending Greeks to vote 'No' to the bailout proposals after the government showed willingness to accept the bailout offer with various conditions. In a release, Tsipras...

U.K. house prices declined unexpectedly in June, data from the Nationwide Building Society revealed Thursday. House prices dropped 0.2 percent month-on-month in June, confounding expectations for a 0.5 percent rise. This was the first fall in four months and reversed a 0.2 percent rise in May. On...

EEP09-011515_02Jul15.jpg Producer prices from Eurozone and Purchasing Managers' survey for the U.K. construction sector are due on Thursday, headlining a light day for the European economic news.

Estonia's industrial production declined further in May after falling for the first time in more than a year in April, Statistics Estonia reported Thursday. Year-on-year, industrial production declined by a working-day adjusted 2.3 percent in May after falling around 0.1 percent in April. The decline...

The Greek crisis worsened after its creditors and eurozone finance ministers stalled further negotiations with the country until the outcome of the Sunday referendum and rejected any bailout extension. In a letter to Greek Prime Minister Alexis Tsipras, Eurogroup President Jeroen Dijsselboem said...

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