Economy of the European Union

ECB Raises Eurozone Growth Outlook

The Eurozone GDP is expected to grow 1.2% in 2014, European Central Bank President Mario Draghi announced Thursday.

At his monthly press conference in Frankfurt, the ECB's chief asserted that economic recovery is under way, even though it is not at the desired pace, Businessweek has reported.

EC Puts Italy, France on Economic Watch-List, Praises Spain

Italy and France have been placed on an economic "watch-list" by the European Commission.

High debt and deficit levels are the reason for the EC's decision to put the second and third-largest Eurozone economies among 14 nations with "imbalances", according to a report published on Wednesday and cited by EUObserver.

MEPs pick holes in bailouts, call for new approach

The troika faced an “immense challenge” in dealing with the euro crisis but the adjustment programs it helped implement in Greece and other countries lacked transparency and were not fully adapted to those states, according to a European Parliament committee, which recommended on Tuesday the International Monetary Fund’s involvement in future bailouts be “optional.”

Dacic: Projects demand regional stability

LONDON - Prime Minister of Serbia Ivica Dacic participated in a high-level regional forum organized in London on Monday by the European Bank for Reconstruction and Development (EBRD) and presented Serbia's results in the creation of favorable business and investment environment, emphasizing that no project can be implemented without stability of the region.