Euro Zone

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Eurosytem financial assets grew by 5 percent per year since 2002 - ECB


FRANKFURT Assets held by euro zone central banks for purposes other than monetary policy have grown by an average 5 percent per year since the introduction of the euro, data from the European Central Bank showed on Friday.


Brexit would hurt pound, not euro - euro zone bailout fund head 05 Feb 2016

BRUSSELS Any British decision to leave the European Union, dubbed Brexit, would hurt the pound currency, but would not have an impact on the euro, the head of the euro zone bailout fund Klaus Regling told a financial forum on Friday.


Top euro zone economy forecaster optimistic on growth 05 Feb 2016

The recent pickup in euro zone economic growth will be maintained this year but the European Central Bank will have to ease policy again to boost weak inflation, according to the top forecaster for the currency bloc in Reuters polls last year.

Speculators veer toward stronger euro in headache for ECB 04 Feb 2016

LONDON Market expectations for euro exchange rates over the next three months flipped on Thursday into positive territory for the first time since 2012, a headache for euro zone officials hoping for a boost to growth from a weaker currency.


Growth, migration worries put EU deficit rules to new test 04 Feb 2016

BRUSSELS Almost half of euro zone countries are facing a clash over EU deficit reduction rules unless they change policies, European Commission forecasts showed, posing a challenge to EU laws that set limits on spending to protect the value of the euro.


Euro zone GDP to grow moderately in 2016, 2017 - Commission 04 Feb 2016

BRUSSELS Euro zone economic growth will slightly accelerate this year and next, the European Commission estimated on Thursday, but the pace will be slower in 2016 than previously forecast because of increased global risks.

France rules out euro zone veto for Britain 03 Feb 2016

PARIS French President Francois Hollande said on Wednesday Britain could not expect to win a veto on euro zone policies and he also ruled out a further round of negotiations over reforms aimed at keeping the country in the European Union.


France's Hollande rules out British veto over euro zone polices 03 Feb 2016

PARIS French President Francois Hollande ruled out on Wednesday Britain getting a veto over euro zone policies as London negotiates an EU reform package to keep the country in the bloc.


Bank of England says proposals to keep UK in EU need fleshing out 03 Feb 2016

LONDON European Union proposals to make it harder for euro zone countries to impose rules on Britain's financial sector need fleshing out so they work on the ground, Bank of England Deputy Governor Andrew Bailey said on Wednesday.


Euro zone sales rebounds in December driven by Christmas shopping 03 Feb 2016

BRUSSELS Euro zone retail trade increased in December mostly thanks to Christmas shopping of food, drinks and tobacco, the European Union statistics office Eurostat estimated on Wednesday.


Anti-Islam movement PEGIDA stages protests across Europe

DRESDEN, Germany Germany's anti-Islam PEGIDA movement staged rallies in several cities across Europe on Saturday to protest against the arrival of hundreds of thousands of migrants from the Middle East and Africa. | Video

Stade de France reopens for first time since Paris attacks

PARIS Under tight security and in the presence of French President Francois Hollande, the Stade de France opened its gates on Saturday for the first time since the stadium was targeted in the deadly attacks which struck Paris in November.


Dozens mourn slain Italian student at Cairo embassy

CAIRO Dozens of people gathered at the Italian embassy in Cairo on Saturday to mourn the Italian student Giulio Regeni, whose body was found half naked at a roadside with what a senior Egyptian prosecutor has said were cigarette burns and other signs of torture.

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