Euro Zone

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Greece's Varoufakis admits to taping Eurogroup meeting


ATHENS - Greek Finance Minister Yanis Varoufakis on Sunday admitted he had recorded a euro zone finance ministers meeting and criticised media for reporting "lies and innuendos" on what transpired at that April 24 Eurogroup gathering.


ECB's Draghi urges euro zone to unite for economic reform 23 May 2015

ROME - European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc's economies, saying sharing sovereignty was an opportunity and not a threat.

ECB's Draghi says divergence could threaten monetary union 23 May 2015

SINTRA, Portugal - Structural divergence between countries in the euro zone could become explosive and even threaten the future of the currency, the European Central Bank's president said on Saturday.

Schaeuble - no alternatives to Greece fulfilling reform vows 23 May 2015

BERLIN - German Finance Minister Wolfgang Schaeuble has said there is no need to consider disbursing more aid to Greece because Athens has already promised reforms and must tackle the problem itself.


Slovak PM launches re-election drive with tax cuts, wage hikes 23 May 2015

BRATISLAVA - Slovakia's centre-left Prime Minister Robert Fico unveiled a plan on Saturday to raise the minimum wage and cut the sales tax on groceries, launching a drive for re-election next March for a third term at the euro zone country's helm.

Denmark wants its Basel exemption if it joins Europe's banking union 22 May 2015

COPENHAGEN - Denmark want to keep a tacit exemption that allows its banks to count mortgage-backed bonds as highly liquid assets if it becomes the only country outside the euro zone to join the European Union's banking union.


ECB's Draghi urges Europe to reform to brighten dim prospects 22 May 2015

SINTRA, Portugal - The president of the European Central Bank called on euro zone countries to reform their economies, warning that future growth, in the face of entrenched unemployment and low investment, will be modest.


ECB's Draghi calls for reform, points to Europe's modest prospects 22 May 2015

SINTRA, Portugal - The president of the European Central Bank reiterated his call on Friday for euro zone countries to reform their economies, warning that future growth would remain modest.


Fed's Fischer says euro zone survival virtually assured 21 May 2015

- U.S. Federal Reserve Vice Chair Stanley Fischer on Thursday said the euro zone crisis had made the monetary union stronger and proved that the European Central Bank has the ability to carry out effective policy in the region.


U.S., euro zone business growth slower, China contracts 21 May 2015

LONDON/NEW YORK - U.S. and euro zone business growth slowed in May while China's factory sector contracted again, reinforcing the need for major central banks to continue supporting economic growth. | Video


G7 finance ministers to address faltering global growth

LONDON - Finance ministers from the world's largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil.

French public back military intervention in Syria - poll

PARIS - Most French people are in favour of military intervention by France in Syria, a poll showed on Saturday, a sharp reversal from a survey in 2013 when the majority opposed government plans for air strikes against Syrian President Bashar al-Assad.


Italy coast guard rescues 70 Afghan, Iraqi migrants from crowded boat

ROME - Seventy Afghan and Iraqi migrants were rescued from a packed boat off the southeastern coast of Italy and brought to shore on Sunday, Italy's coast guard said.

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