European Central Bank: Eurozone 2013 Economic Outlook is Poor Despite Hopeful PMI Data

Latest update from Eurozone, Green shoots scarce in wintry Europe, With ECB likely to lower growth forecasts, private sector activity down and bloc facing 2013 stagnation, outlook is poor despite hopeful PMI data

From Eurozone banking industry we reporting, Banking disunion, The eurozone must come to an agreement on the issue of resolution powers for the European Central Bank

Meanwhile, Europe cools on Russia's WTO accession, Optimism that accompanied Moscow joining in August – after nearly 19 years of negotiations – has given way to a more familiar sense of frustration

New data from PMIs signal eurozone recession bottoming out, Data show business activity is still contracting but at a slower pace than thought, lifting hopes that the worst is over for currency bloc