Another Europe News
Eurozone pulled out of recession by exports and government spending – economy
The eurozone came out of it long recession in the second quarter of this year- expanding by 0.3…
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http://www.euronews.com/2013/09/04/eurozone-pulled-out-of-recession-by-exports-and-government-spending
The eurozone came out of it long recession in the second quarter of this year- expanding by 0.3 percent.
The was even good news from some struggling southern Europe nations. Portugal’s economy grew 1.1 percent, while Spain’s contraction was just 0.1 percent.
An analyst of the data from the European Union’s statistics office Eurostat showed the bounce was thanks to increases in exports and spending.
Exports to the rest of the world rose sharply between April and June after six months of falling sales.
At the same time spending by the region’s governments made the first positive contribution to the economy since late 2009 when Greece plunged the eurozone into its debt crisis.
“Everything is pointing to a recovery,” Dirk Schumacher, an economist with Goldman Sachs, said, adding he sees 0.1 percent growth in the third quarter. “We do have some divergence between countries, but the upswing is helping everyone to benefit.”
Firms in the euro zone – almost a fifth of the world’s economy – had their best month in over two years in August as orders rose for the first time since mid-2011, a separate survey showed.
A string of reports in recent days suggest renewed growth for the 17 countries sharing the euro. That would weaken the case for another interest rate cut by the European Central Bank when it meets on Thursday.
However, the eurozone’s fragility was evident in the muted shopping performance by Europeans during July; retail trade volumes increased just 0.1 percent, Eurostat said in a separate release.
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Convicted Bosnian Serb war criminal Ratko Mladić dies in Hague prison
The former Bosnian Serb military commander, sentenced to life for the summary execution of more than 8,000 Bosniaks in July 1995 and the years-long siege of Sarajevo, died at 84. He spent 15 years as a fugitive before his arrest in Serbia in 2011.
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Latest news bulletin | August 2nd, 2026 – Morning
Catch up with the most important stories from around Europe and beyond this August 2nd, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.
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Iceland goes to the polls in high-stakes EU referendum
Icelanders vote today on whether to resume EU membership talks in a high-stakes referendum. Polls show the race is too close to call, with a slim Yes lead eroding in the final stretch. Results are expected early on Sunday.
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Iceland’s EU referendum sees high preliminary voter turnout in expected close race
Iceland’s EU referendum sees high preliminary voter turnout in expected close race
In Reykjavík, voter turnout was higher by noon than at the same time during the 2024 parliamentary election, local media reported.
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Clashes in Spain’s Ceuta month after mass migrant influx, residents try to block Red Cross aid
Clashes in Spain’s Ceuta month after mass migrant influx, residents try to block Red Cross aid
Tensions have risen after a military vehicle carrying four soldiers was “ambushed” in the early hours of Thursday by about 70 migrants, who attacked it with stones and other objects, a police spokesperson in Ceuta.
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Convicted Bosnian Serb war criminal Ratko Mladić dies in Hague prison
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