Euro Zone

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France's Hollande heads for showdown over job deregulation drive


PARIS - Thousands of French "notaires" held what they said were their first-ever street protests in Paris and Marseille on Wednesday to challenge plans by President Francois Hollande to deregulate their activities.


French PM lauds ECB growth-support moves, says 'much more' needed 3:16pm BST

PARIS - French Prime Minister Manuel Valls on Wednesday welcomed European Central Bank efforts to shore up flagging economic growth in the euro zone but said far more needed to be done.


Euro zone inflation slightly exceeds forecasts in August 11:15am BST

BRUSSELS - An increase in rents and car-repair prices lifted euro zone inflation in August slightly higher than a first estimate, a small piece of good news for the European Central Bank but not one that radically changes the economic outlook.


Deutsche Bank CEO backs Berlin in euro reform debate 16 Sep 2014

FRANKFURT - The co-head of Deutsche Bank has backed the German government in a debate over how to jump-start the stalled euro zone economy, telling Reuters that structural reforms, rather than looser fiscal policy, are what is needed to boost growth.


Funding risks remain for several euro zone banks - S&P 16 Sep 2014

LONDON - Some euro zone banks have insufficient liquidity and several will continue to require support from the European Central Bank after long-term funding help runs out at the start of next year, credit ratings agency S&P said.


ECB invites banks to tap new funds it hopes will pep up euro zone 16 Sep 2014

FRANKFURT - The European Central Bank invited banks on Tuesday to bid for a fresh round of long-term loans it hopes will stimulate lending to businesses and reinvigorate the euro zone economy but which may see only modest take-up.


AXA IM upgrades euro zone stocks to 'overweight' post - ECB 16 Sep 2014

PARIS - AXA Investment Managers has upgraded its short-term recommendation on global and euro zone equities to "overweight" following the latest measures unveiled by the European Central Bank to support the region's economy.


Euro zone second quarter labour costs jump despite stalling economy 16 Sep 2014

BRUSSELS - The rise in euro zone labour costs accelerated in the second quarter compared to the first three months despite a stalling economy, the European Union's Statistics Office said on Tuesday.


ECB's Liikanen says bank ready to take more action if necessary 16 Sep 2014

HELSINKI - The European Central Bank is committed to using additional unconventional instruments if necessary to fend off deflation in the euro zone, governing council member Erkki Liikanen said on Tuesday.


Santander's new head Ana Botin reaffirms bank's strategy, dividend 15 Sep 2014

SANTANDER Spain - Ana Botin, the new chairwoman of Santander , told shareholders on Monday she would defend the legacy of her father at the helm of the euro zone's biggest bank and her priorities include maintaining its generous dividend policy. | Video


Emir assures Merkel Qatar doesn't fund extremists in Syria, Iraq

BERLIN - Qatar's ruler Emir Sheikh Tamim bin Hamad Al Thani assured the West on Wednesday that it was not aiding Islamic State in Iraq and Syria, telling Germany that his own country's security was jeopardised by the militants.

French welfare fraud costs 20-25 billion euros per year - report

PARIS - Fraud in France's indebted welfare system costs the country between 20-25 billion euros (15.89 billion pounds to 19.86 billion pounds) per year and only a tiny fraction of that amount is ever recovered, an estimate by the French national auditor showed on Wednesday.


EU jobs summit in doubt over schedule complications

PARIS - An emergency summit on employment that EU leaders were slated to hold in early October has been postponed, a French government spokesman said on Wednesday, although Italian officials said they expected the meeting to go ahead.

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