Euro Zone

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Portugal pushes for closer euro zone integration

BRUSSELS - Portugal has presented proposals for closer economic coordination between the countries of the euro zone as the bloc tries to put crises over Greece and other big debtor states behind it.


French finance minister calls for detailed Greek reform proposals 27 Mar 2015

RIGA - France's Finance Minister Michel Sapin urged Greece on Friday to present detailed reform proposals to allow for a deal with its euro zone peers, saying he had not seen fresh proposals from Greece yet.

Greece, creditors to start talks on reforms Friday - euro zone official 27 Mar 2015

BRUSSELS - Greece and the institutions representing its official creditors will start discussions on a list of economic reforms submitted by Athens on Friday evening, a euro zone official said.


German surplus not problem for euro zone says Schaeuble 27 Mar 2015

FRANKFURT - Germany's surplus does not pose a problem for other members of the euro zone, Finance Minister Wolfgang Schaeuble said on Friday, answering critics of its export-driven economy.


ECB shelves euro clearing house policy - source 27 Mar 2015

LONDON - The European Central Bank has quietly shelved its policy of requiring clearing houses handling euro-denominated securities to be located inside the euro zone, after the measure was rejected by a top European court, a source at the central bank said.


Grexit wouldn't be big problem for Germany-employers' association 27 Mar 2015

BERLIN - A Greek exit from the euro zone would not cause much trouble for Germany, Europe's largest economy, the head of the BDA German employers' association said in a newspaper interview published on Friday.


ECB's Weidmann says euro zone debt in 'danger zone' 27 Mar 2015

FRANKFURT - Debt in the euro zone has entered the "danger zone", the head of Germany's Bundesbank said on Friday, calling for banks' exposure to the debt of individual countries to be capped.

Greece maintains claim to 1.2 billion euros in euro zone bailout fund 26 Mar 2015

ATHENS - The head of Greece's bank rescue fund maintained on Thursday that Athens has a legal claim to 1.2 billion euros in the euro zone's bailout fund, a day after European officials rejected its request.


ECB's Draghi says money printing already helping recovery 26 Mar 2015

ROME - Bond-buying by the European Central Bank will reinforce the euro zone's economic recovery, its president, Mario Draghi, said on Thursday, adding that there was already evidence that the scheme was taking effect.


Risk-shy banks and companies keep euro zone credit on tight leash 26 Mar 2015

MADRID/MILAN - The euro zone credit cycle is a whisker away from turning positive but don’t expect a rapid recovery.


Iran, powers struggle to overcome disputes in push for nuclear deal

LAUSANNE, Switzerland - The foreign ministers of France and Germany joined the top U.S. and Iranian diplomats on Saturday to help break an impasse in nuclear negotiations as major powers and Iran closed in on a two- or three-page accord that could form the basis of a long-term deal. | Video

Sarkozy wins local election as far right makes gains - exit polls

PARIS - The far-right National Front strengthened its presence in France's grassroots politics on Sunday in a second round of local elections that TV exit polls showed was won by ex-president Nicolas Sarkozy's conservatives. | Video


ChemChina chairman says hopes to re-list Pirelli in Italy

BEIJING - The chairman of China National Chemical Corp (ChemChina) said on Sunday he hopes to re-list Italy's Pirelli on the Italian stock exchange after his firm agreed earlier this month to acquire the world's fifth-largest tyre maker.

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