Greece plans an orderly exit out of the Eurozone according to two sources close to Mr. Papademos, Greek Prime Minister, who spoke on condition of anonymity earlier today...
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PARIS (Reuters) - French President Francois Hollande called on Thursday for an economic government in the euro zone that would have its own budget, the right to issue debt, a harmonized tax system and... Delete the scoop?
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BRUSSELS (Reuters) - Falling prices in Germany and France pulled euro zone consumer inflation to a three-year low in April while imports fell 10 percent in March, as new data showed the depth of the bloc's... Delete the scoop?
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The European Commission has tabled several scenarios for the withdrawal of the 1 and 2 euro cent coins, with the cost of printing these coins greater than their use. Delete the scoop?
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The French economy has fallen into recession for a third time after contracting by 0.2 per cent in the opening three months of the year, official figures show. Delete the scoop?
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Italy's public debt reaches new high of 2.0347 trillion, Beats previous record of 2.0227 trillion in January, , English News, Ansa Delete the scoop?
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German Finance Minister Wolfgang Schäuble and European Central Bank head Mario Draghi have never seemed particularly eager to avoid conflict with one another. Just in January, the two got into a mini war-of-words over the need to bail out Cyprus, with Schäuble openly questioning whether the country was systemically relevant.
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New economic data from Latvia suggests the country's bid to adopt the euro in January 2014 is on track, reports AFP. Riga says it meets eurozone criteria on inflation, public debt and deficits. Delete the scoop?
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Western drug companies tested pharmaceuticals on more than 50,000 people in the former communist East Germany, often without the knowledge of patients, several of whom died, Der Spiegel reported on Sunday. Delete the scoop?
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ATHENS (Reuters) - Greece has threatened high school teachers with arrest if they go ahead with a nationwide strike that would disrupt university entrance exams that start this week, the official government gazette said. It is the third time this year that Prime Minister Antonis Samaras's government has invoked emergency law to force strikers back to work to try to show foreign lenders who bailed out Greece that the country is sticking to unpopular reforms. Delete the scoop?
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The market recovery which has brought Italy's borrowing costs down is unlikely to be sustained for long, billionaire investor George Soros said. Delete the scoop?
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German Finance Minister Wolfgang Schäuble on Thursday said the wave of stimulus provided by central banks around the world is causing critical problems, as it may prompt investors to make bad decisions. Delete the scoop?
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AYLESBURY, England (Reuters) - The United States warned Japan on Friday to stick to the rules when it came to the value of its currency, setting the stage for a potentially uncomfortable meeting of G7 finance ministers outside London. Delete the scoop?
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German central bank head Jens Weidmann has strongly criticized French efforts to reduce its budget deficit, just days after the European Union granted Paris more time to meet EU requirements.
France needs more time to get its budget deficit under control. That much was made clear last Friday when the European Commission announced it was granting Paris until 2015 to bring its budget deficit below the maximum 3 percent of gross domestic product allowed by European Union rules ensuring the stability of the euro. Delete the scoop?
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Finland's economic output declined by a moderate 0.4 percent in March from a year ago, as the decline in secondary production was partially offset by the improvement in services and primary production, Statistics Finland reported Wednesday. Delete the scoop?
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The eurozone economy continues to shrink as Germany's economy grew by a meagre 0.1 percent in the past three months, while France slid back into recession, fresh Eurostat data show. Delete the scoop?
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Nine of the 17 euro zone countries are in recession, with France a notable addition, E.U. officials say. Delete the scoop?
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That the disease which brought the European Union into the intensive-care ward and has kept it there since, for quite a few years, is best diagnosed as a 'democratic deficit' is fast turning into a... Delete the scoop?
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Portugal has been given the go-ahead to receive the next installment of a bailout loan. Following a review last week, EU and IMF lenders have approved the two billion euro payment. However, it… Delete the scoop?
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BlackRock remains cautious on European equities, describing the latest attempts by the ECB to cut interest rates as “too little, too late.” Delete the scoop?
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The German Pirate Party has attempted to rid itself of some dead weight at its convention. A new platform and more teamwork are supposed to help the party make the leap into national parliament despite low poll numbers. Delete the scoop?
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The Eurogroup president said France must speed up its reform plan after being granted an extension on deficit targets. Delete the scoop?
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Deutsche Bank AG (DB, DBK.XE) Co-Chief Executive Juergen Fitschen has criticized the European Central Bank's low interest rate, according to excerpts of an interview to be published Sunday in Frankfurter Allgemeine Sonntagszeitung. Delete the scoop?
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France’s Finance Minister Pierre Moscovici said that his country is suffering “adjustment fatigue” as he reiterated his government’s push for policies to spur growth and fight unemployment. Delete the scoop?
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Joe Weisenthal has a good post going after Roger Altman’s assertion that European austerity was necessary to satisfy the markets. As Paul De Grauwe has been arguing for a while, what has been needed all along to calm the markets isn’t austerity — which doesn’t seem to help at all — but a liquidity backstop from the ECB, which works wonders.
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