European Central Bank cuts interest rates to 1%
The European Central Bank has cut interest rates back to their historic low of 1% originally seen at the start of 2011. New ECB president Mario Drafhi has reversed the two rate rises, his predecessor, Jean-Claude Trichet, introduced this year.
The Eurozone has a population of 332 million, compared to the UK's 62 million. The jobless rate in the Eurozone is 10.3% compared to 8.3% in the UK.
9 December 2011
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