Displaying items by tag: eurozone

Euro zone unemployment fell to a new nine-year low in November thanks to strong economic growth, data showed on Tuesday, but the jobless rates differ widely across the single currency bloc.

Greek government officials will restart direct talks with international creditors this week, as part of the third review of the country’s bailout program. The representatives of Greece’s lenders are expected to arrive in Athens on Tuesday and stay until 2 December.

German finance minister Wolfgang Schaeuble in a statement  just before the upcoming Euroworking Group ruled out the possibility of a haircut of the Greek debt. He underscored that something like this would be a violation of the Lisbon Treaty. As he said, something like that could take place only if Greece was not inside the Eurozone.