The European Commission has raised its forecast for European economic growth next year, but said the recovery from recession would come at the price of record-high budget deficits and public debt

The European Commission lifts its expectations for economic growth in the eurozone this year but warns of risks posed by continued tensions in sovereign debt markets

The European Commission has predicted that economic growth in the eurozone will come "to a virtual standstill" in the second half of 2011.

The euro zone is already in a technical recession and economic growth will come to a virtual standstill next year, the European Commission said Monday.

The EU's Common Agricultural Policy (CAP) should be reformed in a way that unlocks the potential of rural areas to contribute to the bloc's economic growth strategy for 2020, European Commission officials told agriculture journalists last week.

Eurozone economic growth will halve in 2008 from 2007 and inflation will be much higher because of financial turmoil, soaring commodity prices and housing market shocks, the European Commission said

Despite Gordon's claims to the contrary, nobody seems to believe him that Britain is "best placed to weather the global financial turbulence", not the currency markets, not foreign investors and nor now the European Commission. The FT reports that the Commission is forecasting EU growth will slow from 1.4% cent this year to just 0.2% in 2009, while the eurozone economy would expand by 1.2% this ye...

Estonia is likely to become the seventeenth member of the euro zone in 2011 as its macro-economic performance remains under control despite the recession. The European Commission is set to give its green light in mid-May.

Eurozone economic growth has picked up this month but the pace of recovery could be losing momentum, according to a closely watched survey

The European Union will return to economic growth in the third quarter as government spending and record low interest rates pull the 27-nation bloc out of its worst ever recession, the European Commission predicted