LONDON - The euro zone is more stable than a year ago but economic conditions remain challenging and governments must push on with reforms and banking union plans, European Central Bank President Mario Draghi said on Thursday.
PARIS - Bundesbank chief Jens Weidmann said on Thursday it was not up to the European Central Bank to solve the euro zone crisis, resisting pressure from other ECB policymakers for the bank to widen its range of policy tools.
PARIS - Bundesbank chief Jens Weidmann said on Thursday that euro zone states needed to ensure they had solid public finances in order for the European Central Bank to be able to do its job.
PRISTINA - European Union police said on Thursday they had arrested five people, including a wartime ally of Kosovo's prime minister, and were investigating the ambassador to Albania on suspicion of war crimes during Kosovo's 1998-99 conflict.
LONDON - The downturn across euro zone businesses eased slightly this month, although a dearth of new orders means the bloc's economy is likely to contract again in the second quarter, business surveys showed on Thursday.
BRUSSELS - Consumer morale in the euro zone edged up broadly in line with expectations in May, showing its sixth monthly improvement in a row, European Commission data showed, though the indicator remained well below the currency area's long-term average.
BERLIN - German alarm that their country is blamed for austerity measures compounding the problems in the euro zone helps explain Berlin's bilateral efforts to tackle youth unemployment in some of the countries worst affected.
BRUSSELS - The European Commission has torn up new rules on how restaurants should serve olive oil less than a week after unveiling them, following widespread ridicule and accusations of unwanted interference.
BRUSSELS - Pension funds in the European Union will not be required to increase their capital in the same way as banks and insurers will have to, under draft rules due later this year, the EU's top regulatory official said on Thursday.
BRUSSELS - The European Commission will seek the support of EU governments to launch talks with China on an investment pact that could be a precursor to a free-trade deal if Brussels and Beijing can overcome growing tensions.
EURO ZONE EMERGES FROM CRISIS
Regardless of who wins the election, Italy's long economic decline is likely to continue because the next government won't be strong enough to pursue the reforms needed to make its economy competitive again. Full Article
BRUSSELS AND THE EU LABYRINTH
The euro zone will not return to growth until 2014, the European Commission said, reversing its prediction for an end to recession this year and blaming a lack of bank lending and record joblessness for delaying the recovery. Full Article
The siren call of Euro-pessimism should be ignored. It was wrong in 2010, and it will be wrong now. Europe faces hard years with no clear path, but that is not the same as dissolution and chaos. Full Article