expectations are that it will keep its benchmark rate unchanged at the record low of 1 percent, especially after its massive injection of cash Wednesday into the banking system. "The latest eurozone data revealed a combination of stubborn inflation and rising unemployment at the start of the year, suggesting that the recent rebound in consumer sentiment may falter before long," said Ben May, European economist at Capital Economics. The figures come as EU leaders gather in Brussels to discuss a strategy to boost economic growth. Eight of the 17 countries in the eurozone are, according to the European Commission, expected to contract during the first three months of 2012. The eurozone economy contracted 0.3 percent in the final three months of 2011, though recent indicators have suggested that it may avoid a recession defined as two consecutive quarters of negative growth. Still, those sort of projections aren't likely to do much to help turn round the unemployment rate in the eurozone, http://www.cheaptomsoutlet0.com - toms shoe store . Spain had the highest unemployment rate in the eurozone at 23.3 percent in January, http://www.cheaptomsshoesoutletstor.com - toms shoes coupon , while Greece's edged up to 19.9 percent in November, http://www.cheaptomsshoesoutletstore.us - cheap toms , the last available figures for the debt-ridden country at the center of the European debt crisis. In Spain, 49.9 percent of youths under 25 are unemployed and Greece isn't far behind at 48.1 percent. Among the stronger eurozone economies, Germany's unemployment stood at 5.8 percent, France's struck 10 percent and Austria hovered at 4 percent. Europe's unemployment rate has been steadily ticking up all year as the wider economy wanes in the face of a protracted debt crisis and widespread government austerity measures. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Your comment will be posted immediately, http://www.355552.com/viewthread.php?tid=1075953&extra= - http://www.355552.com/viewthread.php?tid=1075953&extra= , unless it is spam or contains profanity, http://yushuen.com/viewthread.php?tid=536795&extra= - http://yushuen.com/viewthread.php?tid=536795&extra= . For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
By PAN PYLAS, Associated Press LONDON (AP) Markets recovered Thursday as a weaker-than-anticipated U.S. manufacturing survey eased concerns that the U, http://www.51baide.com/discuz/forum.php?mod=viewthread&tid=1715294&extra= - http://www.51baide.com/discuz/forum.php?mod=viewthread&tid=1715294&extra= .S. Federal Reserve would abandon its super-loose monetary policy sooner than expected. News that the restructuring of Greece's government debt is not yet considered a credit event added to the markets' optimism. If the International Swaps and Derivatives Association, a panel convened by a derivatives market trade group, had ruled it a credit event that would have meant bondholders who hold credit-default swaps complex financial products that act as insurance against default would have been paid off. On Wednesday, the market mood had been sour after Fed Chairman Ben Bernanke said he was surprised by the scale of good news emerging about the U.S. economy. Such news can help companies looking to expand their businesses, but investors concluded that the Fed won't be pumping more money into the U.S. economy anytime soon and that interest rates may rise sooner than they thought. That
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