FILE – This July 5, 2012, file photo shows a sunflower sitting in front of the euro sculpture in Frankfurt, Germany. A closely watched survey has found that business activity in the 18-country euro zone is at its highest level in three years, in perhaps the clearest sign yet that the economic recovery is gaining momentum. Analysts said positive data on Wednesday April 23, 2014 could take some of the pressure off the European Central Bank to take more steps to stimulate the economy at its next monthly monetary policy meeting on May 8, despite the Stubbornly low inflation in the 18-nation single currency zone.AP – Michael Probst
Prices in the 20 countries that share the euro as their currency rose 2.9% year-on-year in October, which is the lowest level since July 2021 and also represents a significant drop from the 4.3% annual rate of the previous month. The economy of the 27 countries of the European Union also cooled and the annual rate slowed to 3.6%, from 5% in September. The highest data were reported by Poland, Hungary and France, while Italy and Belgium have figures of less than 2% year-on-year.
Comment|Italy can masterfully hold the ball, but just as masterfully they cannot decide attacks, writes sports journalist Ari Virtanen.DortmundWhen In...