Euro Zone

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French, German economists offer plan to counter EU "stagnation"

PARIS - Warning that Europe risks a "stagnation trap", leading French and German economists proposed reforms and investments to revive growth in the euro zone's two biggest economies, but Berlin swiftly dismissed a key proposal to boost its public investment.


French jobless total hits new record in October - government 27 Nov 2014

PARIS - More people were unemployed in France in October than ever before, data showed on Thursday, highlighting continued weak activity in the euro zone's second-largest economy.


ECB's Draghi warns countries to reform as clouds gather over euro zone 27 Nov 2014

HELSINKI/ MADRID - Failure to reform and shield weaker members threatens to divide the euro zone, the head of the European Central Bank warned on Thursday, amid fresh signs the currency bloc's economy is losing speed.


ECB's Draghi calls for comprehensive strategy to put euro economy on track 27 Nov 2014

FRANKFURT - The euro zone's economy needs a comprehensive strategy including reforms to get it back on track, the president of the European Central Bank said on Thursday, adding that the task could not be left to monetary policy alone.


Failure to reform threatens euro zone, ECB's Draghi warns 27 Nov 2014

HELSINKI - Failure to make economic reforms and shield weaker members could damage the "essential cohesion" of the euro zone, the head of the European Central Bank said on Thursday, in a blunt warning to political leaders.


German unemployment falls to record low in November 27 Nov 2014

BERLIN - Germany's unemployment rate touched a record low of 6.6 percent in November, underscoring the huge gap in labour market conditions between Europe's largest economy and its struggling euro zone partners.


Euro zone economic sentiment rises slightly in November 27 Nov 2014

BRUSSELS - Morale in the euro zone rose for the second straight month in November as a pick-up in industry sentiment just outweighed increased pessimism among consumers, offering a tentative sign that the bloc is avoiding outright stagnation.


Lending to euro zone private sector shrinks again Oct - ECB 27 Nov 2014

FRANKFURT - Lending to euro zone households and firms contracted further in October, keeping up pressure on the European Central Bank to deliver further stimulus measures to buoy the lacklustre 18-country economy.


Falling Spanish prices add to euro zone deflation pressure 27 Nov 2014

MADRID - Spanish consumer prices dropped for the fifth month running in November, adding pressure on stubbornly low inflation in the euro zone as a whole.

ECB alone cannot solve euro zone's woes, Jazbec says 26 Nov 2014

LJUBLJANA - The European Central Bank's monetary policy alone cannot solve the euro zone's problems on its own and it needs to be complemented by other policies such as investment, ECB Governing Council member Bostjan Jazbec said on Wednesday.


Far-left politician a new threat to Merkel?

BERLIN - A small eastern state is set to embark on an experiment that could shift the political landscape in Germany, loosening Angela Merkel's grip on power and raising the chances of a future government in Berlin that includes fervent supporters of Russia.

Exclusive - France, Italy, Belgium may break budget rules, EU to revisit in March

BRUSSELS - The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March.


UniCredit, Fortress-Prelios make progress in UCCMB sale talks - sources

MILAN - Italian property firm Prelios and U.S. asset manager Fortress have made "an important step forward" in talks with UniCredit to buy the Italian bank's bad loan unit UCCMB, one source close to the matter said on Thursday.

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