Build engaged audiences through publishing by curation.
Sign up with Facebook
Sign up with Twitter
I don't have a Facebook or a Twitter account
Start a free trial of Scoop.it Business
BRUSSELS (Reuters) - Belgium's government agreed early on Sunday to extend austerity measures by 1.82 billion euros ($2.39 billion) to keep its 2012 budget deficit within EU limits.After a full week...
Are you sure you want to delete this scoop?
BRUSSELS (Reuters) - The European Central Bank should cut interest rates and either inject more liquidity into the banking system via its Long-Term Refinancing Operations (LTRO) or start public and private
Boucher says bank is 'profitable and generating capital'
A prolonged period of low inflation in the euro zone may derail the single currency area's fragile economic recovery, and must be fought with additional monetary stimulus,International Monetary Fund chief Christine Lagarde said
Euro-region economic reports in the past month turned out reassuring enough to convince most economists that Mario Draghi doesn’t need to cut interest rates this week.
Italy’s economy, the euro region’s third-biggest, contracted 1.9 percent last year as sales abroad of the nation’s goods failed to offset the effect of weak domestic demand.
FRANKFURT (Reuters) - Lending to households and firms in the euro zone fell again in January and money supply growth remained subdued, adding to pressure on the European Central Bank to take action next week to support the economy.
The legacy of deadly bombings in two London parks in 1982 threaten to derail Northern Ireland's peace process.
NICOSIA (Reuters) - International aid to cash-starved Cyprus was thrown into turmoil on Thursday after its parliament rejected a privatization plan, throwing into disarray the disbursement of a new tranche
Portugal's bailout package is due to expire in May, but the government has warned that the unpopular measures will need to continue long after that date.
Prime Minister Matteo Renzi called for lawmakers to have the courage to make radical change, and promised bold measures to revive the economy.
Talks this week between Portugal and its bailout lenders are expected to be strained after Lisbon rejected a call for further wage reductions and dismissed concerns that the country’s export growth may be unsustainable. Officials from the “troika”
The financial crisis showed that European banks were much more fragile than expected. This column discusses some of the changes implemented by banks since the crisis. Overall, their responses have been minor. Currently, most banks remain highly leveraged, yet yielding low returns. Redressing this could require a reduction of non-core assets and/or a slashing of operating costs. Ultimately, something has to give. European banks have yet to reach a post-crisis equilibrium.
Euro-area consumer confidence unexpectedly declined in February, adding to signs that the currency bloc’s recovery may be cooling. An index of household confidence in the euro area fell to minus 12.7 from minus 11.7 in January, the European Commission in Brussels said in a preliminary report today. That falls short of the median forecast of minus 11 in a Bloomberg News survey of 25 economists. While the euro-area economy is forecast to post full-year growth in 2014 for the first time in three years, the recovery remains at risk because of near-record unemployment and subdued price pressures. European Central Bank officials are debating whether they should ease policy further because inflation is less than half the 2 percent the ECB defines as price stability.
Euro-area consumer confidence unexpectedly declined in February, adding to signs that the currency bloc’s recovery may be cooling.
An index of household confidence in the euro area fell to minus 12.7 from minus 11.7 in January, the European Commission in Brussels said in a preliminary report today. That falls short of the median forecast of minus 11 in a Bloomberg News survey of 25 economists.
While the euro-area economy is forecast to post full-year growth in 2014 for the first time in three years, the recovery remains at risk because of near-record unemployment and subdued price pressures. European Central Bank officials are debating whether they should ease policy further because inflation is less than half the 2 percent the ECB defines as price stability.
IMF head urges Madrid to keep on shaking up the labour market, raising taxes and deregulating business
German Chancellor Angela Merkel has played a central role in efforts to resolve the crisis but has struck a noticeably softer tone than most of her Western counterparts in addressing Russia's military intervention.
Portugal has passed the 11th assessment by the troika of international creditors on the country´s implementation of its bailout program, Deputy Prime Minister Paulo Portas said Friday.
British foreign secretary says Ukrainian sovereignty and territory violated following Russia's decision to take military action
German Chancellor Angela Merkel has said she can work with the UK to reform the European Union but it will not be "a piece of cake".
Following a Downing Street meeting with Prime Minister David Cameron, she said both countries could bring in laws to restrict benefit tourism, as part of "overall European cooperation".
Mr Cameron said changes to the EU were "possible, achievable and doable".
Mrs Merkel addressed Parliament earlier - and later had tea with the Queen.
FRANKFURT (Reuters) - The euro zone is not experiencing deflation, but the European Central Bank is alert to potential downside risks to price stability and will act if needed, ECB President Mario Draghi
Portugal bought back 1.32 billion euros ($1.8 billion) of bonds due this year and next to smooth out debt repayments as the nation approaches the end of its international bailout program.
The internationalization of the Chinese yuan or renminbi, is still in the early stages and the currency may become the lead reserve currency in future, rivaling the U.S. dollar, the European Central Bank Executive Board member Yves Mersch said Wednesday.
Speaking at the Renminbi Forum in Luxembourg, Mersch said, "Having become an important trading and payment currency, the renminbi is now taking the first steps towards establishing itself as an international investment currency."
Spain's prime minister has called a referendum on independence for Catalonia "illegal" in his state of the union address.
Mariano Rajoy vowed to block the vote, which the Catalan authorities intend to hold on 9 November.
Both Spain's ruling conservative party and the Socialist opposition have long stated their rejection of a referendum.
But in recent months, the Catalan regional government has vowed to press ahead even without Madrid's blessing.
Workers at Cyprus's state electricity utility clashed with police in a rare explosion of anger on Monday over government privatisation plans under a…
ROME (Reuters) - New Italian Prime Minister Matteo Renzi won his first confidence vote in parliament after pledging to cut labour taxes and pass broad institutional reforms to bring life back into a moribund
Weak price pressures in the euro zone are extending into the medium term, the European Central Bank's top economist said Saturday, pledging to act, should the ECB see the need.