Euro Zone

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No room for manoeuvre on interest rates for Greece, Merkel says

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 1:16pm BST

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.


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.


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.


Europe can handle future crises without IMF - bailout fund chief 28 Aug 2015

BERLIN - Europe will be able to handle future economic crises without the help of the International Monetary Fund, the head of the euro zone's bailout fund told German magazine Der Spiegel.


Ultra-low German inflation keeps pressure on ECB 28 Aug 2015

BERLIN - German inflation remained close to zero in August, keeping pressure on the European Central Bank to consider additional stimulus measures as the falling cost of oil and a slowdown in China put the brakes on prices.

Greek bail-out spadework must continue ahead of election - Dijsselbloem 28 Aug 2015

THE HAGUE - The head of the council of euro zone finance ministers said Greece's interim government should continue preparing to meet its creditors' conditions for a bail-out during the run-up to the country's election so its successor wastes no time.

Despite record surplus, Germany ignores calls to spend more 28 Aug 2015

BERLIN - Germany posted a record-breaking 21 billion euro surplus in the first half of 2015 but has turned a deaf ear to criticism from home and abroad that it should cut taxes or raise public spending to help alleviate pressures in the euro zone.


Euro zone sentiment edges to new four-year high in August 28 Aug 2015

BRUSSELS - Confidence in the euro zone's economy edged up to a new four-year high in August as rising domestic demand marginally outweighed a worsening view of export prospects and the mood brightened particularly in France and Spain.


ECB faces inflation headache even as lending bounces 27 Aug 2015

FRANKFURT - Lending to euro zone firms grew at the fastest pace since early 2012 last month but the European Central Bank may still come under pressure to ramp up its stimulus measures as falling oil prices and a slowdown in China curb inflation. | Video

Foreign ministers to discuss Ukraine by mid-Sept - Kremlin

MOSCOW - Foreign ministers of Russia, Ukraine, Germany and France will meet by the middle of September to discuss the conflict in Ukraine, Kremlin adviser Yuri Ushakov told reporters on Monday.

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.


EU says it may offer Hungary more help with migrants

CALAIS, France - The European Union could soon fund and set up new reception facilities for asylum-seekers in Hungary as it is already doing in Italy and Greece, its migration commissioner said on Monday.

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