Mario Draghi’s view that the eurozone doesn’t need more monetary easing for now is being vindicated.

Eurozone economic confidence increased for a ninth month in January, led by the services industry, adding to evidence that the 18-nation currency bloc’s recovery is gaining traction.

Eurozone businesses ended the year on a high as new orders surged, but the chasm between a resurgent Germany and wilting France has widened this month, surveys showed.

Eurozone services growth accelerated to the fastest in more than two years in September as demand and confidence improved.

Eurozone manufacturing unexpectedly expanded in July for the first time in two years, led by Germany, adding to signs the bloc’s economy is emerging from a record-long recession.

Aggressive new policy from the ECB has so far failed to boost ailing eurozone business, according to surveys that showed a widening chasm between sickly France and a more resilient Germany.

Economic sentiment across the EU has fallen sharply in August to reach levels last seen since Lehman Brothers collapsed in Sept 2008.

Eurozone GDP contracted by 0.2% over the second quarter of 2012 compared with the first three months of this year, figures released by Eurostat revealed yesterday.

Unemployment in the eurozone reached the highest on record as a deepening economic slump and budget cuts prompted companies from Spain to Italy to reduce their workforces.

EURO-region inflation slowed for the first time in five months in December, giving the European Central Bank room to lower borrowing costs further as the economy edges toward a recession.

The European Central Bank (ECB) today revealed it had lent nearly €489bn to the continent’s banks in a bid to boost confidence in the eurozone.

EUROZONE consumer price inflation jumped unexpectedly to 3% in September, its highest level in almost three years, heaping doubt on bets that the European Central Bank will cut interest rates next week.

EUROPEAN services and manufacturing growth held steady in August at the slowest pace in almost two years, adding to signs the euro-region recovery is losing momentum as the sovereign debt crisis persists.

EUROZONE economies collectively shrank by a record 2.5% in the first three months of the year as the recession battered the continent.

The Governing Council of the ECB has increased the interest rate on the marginal lending facility by 25 basis points to 3.75%, with effect from June 15