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Euro Watch: Euro Zone Unemployment Rose to New Record in February

The data is likely to put pressure on the European Central Bank to cut interest rates at its next meeting.

 

ECB holds rates, sees no economy bounce until 2013

The euro zone economy shows little sign of recovering before the year-end despite an easing of financial market conditions, European Central Bank Mario Draghi said on Thursday after interest rates were left at a record low.

 

European Central Bank Leaves Rate Unchanged at 1 Percent

The central bank also said it would maintain its program of low-interest lending to euro-zone banks through the end of the year.

 

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