EurozoneEconomy

ECB Leaves Rates Unchanged; Markets Await Word from Trichet

The European Central Bank left interest rates unchanged for a 20th straight month. Officials at the ECB in Frankfurt left the benchmark lending rate unchanged at 1%, Bloomberg News reported. The move was widely forecast by analyst and economists.

Eurozone Growth Slows as Austerity Takes Its Toll

Economic growth in the eurozone slowed sharply in the third quarter as austerity measures aimed at cutting budget deficits dented the Continent's recovery. Meanwhile, a growing divergence in the economic performance of EU nations is likely to make it tough for the European Central Bank to set its monetary policy.

Safe Haven No More: Swiss Franc Headed for Trouble

The Swiss franc has been the second-best performing major currency over the past six months, outpacing the dollar by 8.9% and the euro by 7.8%, thanks to shaky conditions elsewhere in Europe. But a broad range of signs suggest the Swiss currency is due for at least a short-term correction.

What the U.S. Could Learn from Europe's Recovery

Beyond Europe's debt crisis and difficulties with the euro, the region's underlying economy -- which has been much less involved with financial gimmicks than its American counterpart -- tends to be more stable than it's generally given credit for.