EU: EUROZONE CONSUMER PRICE INFLATION STEADY

Article Abstract:

The 11 countries within the eurozone reported average average annual consumer price inflation for May 2000 of 1.9%, according to European Union (EU) figures released on 19 June 2000. Despite the steady figures, figures showed a rise in consumer price inflation in Ireland, Spain and Finland, leading to concern that the economies may be overheating. As the worse inflation is occurring in the so-called peripheral economies of the eurozone, the figures are unlikely to result in calls for interest rates to be increased. However, there is concern in Ireland, which has a 5.1% inflation rate that an increate in mortgage interest payments will drive up inflation.

Consumer price indexes

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EUROPE: INCREASE IN EMPLOYMENT

Article Abstract:

According to a report from the European Commission, employment in all European Union (EU) member states has increased for the first time this decade. The report says that over the past two years the EU has created 1.8mn jobs, a 2.9% annual increase over the period. The report is said to praise the UK in its efforts to reduce unemployment, although the report stressed the need to improve policies regarding child-care and narrowing wage gaps between men and women.

Employment

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