Euro Zone

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Germany cautious on French idea for eurozone fiscal transfers

BERLIN - Germany on Tuesday put the brakes on a French push for the euro zone to appoint a new commissioner with powers to coordinate economic policy across the bloc and preside over fiscal transfers between its 19 members.

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National laws hamper ECB's work as single supervisor - ECB Dickson 01 Sep 2015

FRANKFURT - Diverging national laws on banking supervision are hampering the European Central Bank's work as single supervisor of the euro zone's largest lenders and the rules need to be harmonised, one of the ECB's top supervisors said on Tuesday.

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Likelihood of euro zone breakup at nine-month low in August - Germany's Sentix 01 Sep 2015

BERLIN - Investor expectations of a euro zone breakup dropped to their lowest level in nine months in August as fears about a Greek exit from the bloc faded thanks to an agreement on a third bailout, Germany's Sentix research group said on Tuesday.

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Euro zone factory growth eases in August despite modest price rises - PMI 01 Sep 2015

LONDON, - Euro zone manufacturing growth eased last month, despite factories barely raising prices, adding to the European Central Bank's woes as it battles to spur expansion and inflation, a survey showed.

Euro zone unemployment falls to three-year low in July 01 Sep 2015

BRUSSELS - Unemployment in the euro zone unexpectedly fell to its lowest level in more than three years in July with a sharp decline in the volatile figure in Italy.

Spain is best example that Europe is doing things right - Schaeuble 01 Sep 2015

BERLIN - German Finance Minister Wolfgang Schaeuble said on Tuesday that Spain's economic development showed that the euro zone was tackling its crisis well.

No room for manoeuvre on interest rates for Greece, Merkel says 31 Aug 2015

BERLIN - German Chancellor Angela Merkel said on Monday there was no wiggle room to lower interest rates for Greece, but euro zone partners could push back the date when Athens has to start paying back its bailout credits.

Low inflation in Europe puts spotlight on ECB 31 Aug 2015

BRUSSELS/ FRANKFURT - With low price inflation serving as a reminder of the euro zone's delicate health, the European Central Bank is having to reassure market investors that it can do yet more to help the economy.

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France's economy minister calls for euro zone government with fiscal transfers 30 Aug 2015

BERLIN - French Economy Minister Emmanuel Macron has called for a new start for Europe, telling a German newspaper the euro zone status quo would lead to the currency union's self-destruction and that fiscal transfers between member states are necessary.

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ECB'S Constancio says policies firming inflation against oil, other shocks 29 Aug 2015

JACKSON HOLE, Wyo. - European Central Bank Vice President Vitor Constancio said on Saturday the bank's asset purchases are helping firm inflation in the euro zone even as outside shocks like Greece and falling oil prices continue to hold it down.

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Migrant chaos at Budapest train station; Germany says EU rules still hold

BUDAPEST/BERLIN - Hundreds of angry migrants demonstrated outside Budapest's Eastern Railway Terminus on Tuesday demanding they be allowed to travel on to Germany, as the biggest ever influx of migrants into the European Union left its asylum policies in tatters. | Video

France to build Calais camp for 1,500 migrants

CALAIS, France - France plans to build a camp this winter for as many as 1,500 migrants in the northern port city of Calais where twice that many are living in tents and hoping to make the sea-crossing to Britain.

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New EU migrant plans ready next week - Avramopoulos

BRUSSELS - The EU executive will outline new plans next week to share out refugees across European states as well as to speed deportations of unwanted migrants, the 28-nation bloc's migration commissioner said on Tuesday.

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