Spain continues to slide deeper into recession. Economic output fell by 0.7 percent on the same period in 2011. It's the steepest decline in three years. Spending cuts and tax hikes are putting the brakes on growth.
Just as austerity advocates say reforms are bearing fruit, fears are growing in northern Europe that parties imitating Greece's Syriza may threaten the consolidation consensus. Is the EU about to reject austerity?
The eurozone crisis has cost millions of Europeans their job, with one exception: Germany. The economic powerhouse has increased its workforce since 2007 and boosted its gross value added, a new study says.
Alexis Tsipras, leader of Greece’s leftist opposition, has a good chance of winning Sunday's parliamentary elections. Voters are suffering in the economic crisis and fed up with the traditional political parties.
Greeks voted to press the reset button for their country. For both economic and historical reasons, it's now time for Germany to reset its economic policy toward Greece and the southern eurozone, says DW's Jasper Sky.
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