Newly-released data show the industrial output in the UK and Italy, the second and the fourth largest European economies respectively, has fallen in March. The UK’s Office for National Statistics said on Friday that Britain’s industrial output declined by 0.1 percent for the month. The figure is considered a major drawback since the country saw a 0.8 percent growth in the previous month. This... 

People waiting in line at a government employment office in Spain. Fresh data reveal the eurozone unemployment rate has hit a record high of 12.2 percent in April, with around 19.2 million receiving government financial assistance as recession continues to take its toll on European economies. The Eurostat data agency said on Friday that a total of 1.6 million people have lost their jobs in the eurozone...