Europe Today

1. Euro zone joblessness hits highest ever level in March, AprilAround( 17.4 million people were out of work in the 17-nation euro zone in April, or 11% of the working population, the highest level since records began in 1995)
2.  Moody’s cuts Greek domestic rating ceiling on euro exit risk(Moody’s said it lowered its assessment of the highest rating that can be assigned to a domestic debt issuer in Greece to Caa2)
3.  IMF sees room for ECB easing, case for slower euro zone deficit cuts(The deficit goals should be expressed in structural terms, which exclude one-off revenues and expenditure as well as the effects of the economic cycle, says Shafik)
4.  ECB, EU officials warn euro’s survival at risk(
   ECB says deposit guarantee fund needed to fight bank runs. EU’s Rehn says single currency could disintegrate. Italy central banker says investors losing confidence in euro)