Euro Zone

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Euro zone confidence falls in July, bodes ill for recovery


BRUSSELS - Consumer confidence in the euro zone deteriorated much more than expected in July, adding to worries about the health of the bloc's economic recovery, European Commission preliminary data showed on Wednesday.


Don't risk market confidence by bending budget rules - EU economy czar 17 Jul 2014

BRUSSELS - Euro zone countries must beware of bending budget rules in the quest for economic growth, the EU's new economics czar said on Thursday, suggesting some proposals from France and Italy sought too much leeway.

Deflation still threatens euro zone, growth steady at best 17 Jul 2014

- There is little chance of a significant rebound in the euro zone economy in the next two years as low inflation and high unemployment keeps the currency bloc lagging behind its peers, a Reuters poll found on Thursday.


Euro zone June inflation unchanged at low levels as expected 17 Jul 2014

BRUSSELS - Euro zone inflation stayed low as expected in what the European Central Bank calls the "danger zone" in June as falling prices of food and phone calls offset more expensive tobacco and restaurants, data showed on Thursday.


Euro zone trade surplus widens in May, exports, imports flat year on year 16 Jul 2014

BRUSSELS - The euro zone's trade surplus grew year-on-year in May in a sign net trade made a positive contribution to economic growth in the second quarter, the European Union's Statistics Office data showed on Wednesday.


Nowotny not sure ECB's plan for asset-backed securities would fly 16 Jul 2014

FRANKFURT - A European Central Bank policymaker cast doubt on Wednesday on whether the ECB will go ahead and buy asset-backed securities - trumpeted last month as a possible measure to help revive the euro zone economy.


ECB's Weidmann says euro zone debt crisis could flare up again 16 Jul 2014

BERLIN - The euro zone debt crisis could flare up again quickly if governments do not use time the European Central Bank has bought them to reform their economies and consolidate their budgets, ECB policymaker Jens Weidmann said.


ECB's Nowotny says low growth, inflation new normal for euro zone 16 Jul 2014

FRANKFURT - The European Central Bank must pursue an active policy stance to address low growth and inflation in the euro zone even though it recognises there is a risk of asset price bubbles forming as a side-effect, ECB policymaker Ewald Nowotny said on Wednesday.


EU's Juncker says countries should get incentives to reform, warns on U.S. trade pact 15 Jul 2014

STRASBOURG France - Euro zone countries should get financial incentives if they make ambitious economic reforms, the designated candidate to become the president of the European Commission said on Tuesday.


IMF warns further shocks would stall euro zone recovery 15 Jul 2014

BRUSSELS - Any new shocks could halt the euro zone's economic recovery, spoil improving market sentiment and eventually tip the region into deflation, the International Monetary Fund warned on Monday.

Russian ties, trade lie behind EU sanctions rift

BRUSSELS - Germany and Italy have most to lose if the European Union makes good on its threat to impose harsher sanctions on Moscow, while Britain's overseas territories are soaking up the lion's share of capital streaming out of Russia.

Vodafone curtails Orange Spanish fibre network after Ono buy

LONDON - Vodafone Group Plc is scaling back the fibre network it is building in Spain with France's Orange , after the completion of its deal to buy cable company Ono.


Concordia finally heads for scrapyard after massive salvage operation

GIGLIO ISLAND Italy - The rusty hulk of the Costa Concordia began its journey to the scrapyard on Wednesday, after a two-year salvage operation off the Italian island where the cruise liner capsized two years ago, killing 32 people. | Video

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