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In a surprise move, Greece Finance Minister Yanis Varoufakis said Monday that he is resigning despite the Greek people rejecting proposals by the creditors in Sunday's referendum, as requested by his government. "Soon after the announcement of the referendum results, I was made aware of a certain...

Germany's factory orders decreased at a slower-than-expected pace in May, preliminary figures from Destatis showed Monday. New orders in the manufacturing sector fell a seasonally and working-day-adjusted 0.2 percent monthly in May, in contrast to a 2.2 percent climb in April, which was revised up...

EEP15-011515_06Jul15.jpg Factory orders from Germany and investor confidence from Eurozone are due on Monday, headlining a light day for the European economic news.

Greek Prime Minister Alexis Tsipras again asked his country to say no to austerity in the referendum on Sunday and said that an assessment by the International Monetary Fund justified the government's position. In a televised address on Friday, Tsipras said Greeks must "say no to ultimatums and division"...

Sweden's services sector expanded at a slower pace in June primarily due to sluggish business volume, survey data from the Swedbank showed Friday. The services Purchasing Managers' Index fell to 54.9 in June from 58.2 in May. Any reading above 50 indicates expansion in the sector. The negative...

Sweden's industrial production dropped less-than-expected in May after an increase in the previous month, while orders declined for the first time in three months, figures from Statistics Sweden showed Friday. Industrial production declined a seasonally adjusted 0.1 percent month-over-month in May,...

Spain's service sector continued to expand in June, but the pace of growth eased unexpectedly to the weakest so far this year, survey data from Markit Economics showed Friday. The Purchasing Managers' Index for the service sector dropped to 56.1 in June from 58.4 in May. It was forecast to remain...

Italy's service sector growth increased unexpectedly in June at the fastest rate in twelve months, survey figures from Markit Economics showed Friday. The headline Markit/ADACI services purchasing managers' index rose to 53.4 in June from 52.5 in May. Economists had expected the index to fall slightly...

Norway's unemployment rate increased as expected in June, data from the Labour and Welfare Administration or NAV revealed Friday. The unemployment rate rose to 2.8 percent in June from 2.7 percent last year. The rate came in line with expectations. In May, the jobless rate stood at 2.7 percent. At...

Turkey's consumer prices increased at a slower-than-expected pace in June, figures from the statistical office Turkstat showed Friday. The consumer price index increased 7.20 percent year-over-year in June, which was slower than economists' expectations for a 7.75 percent increase. In April, prices...

Romania's retail sales increased in May, but at a slower pace from the previous month's 10-month high, figures from the National Institute of Statistics showed Friday. Retail sales, excluding automobile trade, rose a working-day-and-seasonally adjusted 4.2 percent annually in May, following the revised...

The French private sector grew at the fastest pace in 46 months in June, final data from Markit Economics showed Friday. The final composite output index rose to a 46-month high of 53.3 in June, from 52.0 in May. The latest reading signaled a solid rate of growth. But it was slightly below the flash...

Hungary's retail sales growth quickened in May, but the pace was less than that expected by economists, preliminary data from the Hungarian Central Statistical Office showed Friday. Retail sales advanced by a calendar-adjusted 5.2 percent year-on-year in May, faster than the 5.0 percent increase seen...

Germany's private sector expanded less than initially estimated in June, final data from Markit showed Friday. The composite output index came in at 53.7 in June, up from 52.6 in May. The initial estimate for June was 54. Similarly, the services Purchasing Managers' Index rose to 53.8 in June from...

Eurozone retail sales growth slowed in May from the prior month, data from Eurostat showed Friday. Retail sales climbed 0.2 percent month-on-month in May following a 0.7 percent rise in April. Nonetheless, this was the second consecutive increase and also exceeded the 0.1 percent growth forecast...

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