Eurostat's latest data shows the state of the economic region just prior to Croatia becoming the 28th EU country.
Greek wages are falling rapidly, even while euro zone averages remain relatively stagnant.
What's more, youth unemployment in Greece and Spain currently exceeds 60 percent.
Croatia joined the EU on Sunday, 20 years after it won independence from Yugoslavia, amid much fanfare and skepticism.
Tensions with European leaders continue to rise after Saturday’s revelation that the NSA secretly observed data from EU diplomats.
Greece says it's on its way to revival and now is the time to invest. But don't go there just yet.
Google Monopoly: Here are 7 things you should know about the EU's antitrust investigation of Google.
The EU gave Turkey a probationary period regarding how it handles basic rights of citizens, an official said.
A study says an EU-US trade deal could harm their traditional trading partners and emerging markets.
The focus will be on the FOMC statement Wednesday, when the Fed will likely lower its forecasts, but remain ambiguous about the prospects for tapering its QE.
The latest European Union inflation and unemployment data show the continent's economy is still struggling to recover.
The most foreign investment in the European Union by far still comes from the U.S., figures for 2012 show.
Airport strikes that began in France Tuesday are expected to expand to 10 other EU nations Wednesday, canceling hundreds of flights.
Greek officials said ERT cost Greece 300 million euros each year and had become "a typical example of incredible waste."
Hundreds of flights through Europe have already been canceled ahead of a planned three-day strike by French air traffic controllers.
Greece is appealing to New York financiers for more investment, saying the worst is behind the euro zone nation.
The European Central Bank won the right to keep documents about Greece's finances secret.
The prospect that the U.S. central bank will turn off its monetary spigot hangs like a specter over this week’s economic reports.
More than one-quarter of Greeks and Spaniards are idle, along with nearly one-quarter of all younger working-age Europeans.
Increased confidence among businesses, save construction, led to improved indicators, especially in Italy, France and Germany.
The EU moved away from austerity in a marked shift in policy on Wednesday allowing more time for nations to meet deficit reduction targets.
Shareholders and junior bondholders are going to have to take a hit before they can get a taxpayer-funded bailout.