Some Western countries were allowed into the eurozone
without meeting the requirements--whether by manipulating the statistical data or by circumventing the requirements or on political grounds.
In April 2008, compared with March 2008, production of capital goods increased by 2% in the eurozone
and by 1% in the EU.
The contrast here is even more striking for Germany because other Eurozone
countries all enjoyed rapid money supply growth under the same ECB monetary policy.
7 million firms are unprepared for the new currency which is adopted in eurozone
countries on January 1.
prime money market fund (MMF) exposure to Eurozone
banks rose for the fifth consecutive month although exposures remain well-below previous levels, according to Fitch Ratings.
IMF chief Christine Lagarde urged the eurozone
on Monday to fight persistently low inflation, warning that it presents a looming threat to economic recovery in the region.
Without a resolution of this job crisis in Greece, Italy, Portugal and Spain, the social stability of the Eurozone
is likely to come under pressure.
The danger that the eurozone
has entered a period of deflation was given added weight as Greece reported its highest deflation since monthly records began in 1960.
UK businesses show a marked lack of support for deeper integration with only 20% behind deeper economic integration, and just 6% supporting closer political ties in the eurozone
seasonally-adjusted unemployment rate was 11.
By Edmond Alphandery/ Paris European Union leaders concluded 2012 with a landmark agreement that places all eurozone
banks under a single supervisor.
Summary: Reassured by ECB anti-crisis moves, major international investors have begun dipping their toes back into the eurozone
, even though they don't believe the crisis is over.