Euro Zone

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German newspaper corrects IMF chief Lagarde's Greece comments

WASHINGTON - German newspaper Frankfurter Allgemeine Zeitung has corrected an interview with International Monetary Fund head Christine Lagarde in which she had been quoted as saying that a Greek exit from the euro zone was a "possibility".

Danish opposition parties seek referendum on EU banking union 29 May 2015

COPENHAGEN - Three Danish opposition parties have said they will seek a referendum on Denmark joining the euro zone's banking union if parliament votes on such a move.


Some blame EU Commission for Greek obstinacy in debt talks 29 May 2015

BRUSSELS - Damned if you do, damned if you don't. Some euro zone countries are accusing the European Commission of giving Greece false hope of new loans for less reform effort, but they still want Brussels to find a way to keep a defiant Athens in the euro.

It's not just up to Germany to help Greece - Schaeuble 29 May 2015

DRESDEN, Germany - German Finance Minister Wolfgang Schaeuble said on Friday that it was not just up to Germany to help Greece, saying this was a task for the whole of the euro zone.

Portugal proposes European fund to boost euro area 29 May 2015

LISBON - Portugal will propose far-reaching changes to the euro zone next month, including the creation of a European Monetary Fund (EMF) with its own budget to fight crises and economic imbalances in the region, according to a draft proposal.


Exclusive - European rescue fund struggling with low returns 29 May 2015

BERLIN - Europe's rescue fund is seeking to revise its investment guidelines to allow it to buy lower-rated debt as it grapples with record low interest rates, according to documents from the so-called ESM and German finance ministry seen by Reuters.

'There is no Grexit scenario' - French Finmin 29 May 2015

DRESDEN, Germany - There is no scenario for Greece leaving the euro zone, French Finance Minister Michel Sapin said on Friday.


Euro zone lending slows to standstill despite money printing 29 May 2015

FRANKFURT - Lending throughout the euro zone failed to grow in April after a promising uptick a month earlier, a slip that tempers hopes for a rapid turnaround in borrowing to boost the economy.


Greek crisis overshadows G7 growth talks 28 May 2015

DRESDEN, Germany - The head of the International Monetary Fund warned that Greece could fall out of the euro zone as it struggled to sort out its debt stand-off, which is adding to concern about the patchiness of global economic recovery. | Video


Greek government says hopes for deal with lenders by Sunday 28 May 2015

ATHENS - Greece's government intends to reach an agreement with its lenders on a cash-for-reforms deal by Sunday, its spokesman said on Thursday, brushing off comments from euro zone officials suggesting a deal was far from imminent.


Merkel appeals to Germans to back trade pact ahead of G7 meeting

BERLIN - Chancellor Angela Merkel tried to drum up support in Germany for the Transatlantic Trade and Investment Partnership (TTIP) ahead of the G7 summit she is hosting in June, saying in an interview on Saturday she hopes it will be finalised by 2017.

Exclusive - Air France faces new safety probe after freighter scare

PARIS - Air France faces its second safety investigation in as many weeks after pilots were forced to recover in mid-takeoff after entering the wrong data into the computer of a cargo jet, airline and safety officials said.


Vodafone, Wind sign letter of intent for Italy fibre-optic network

MILAN - Britain's Vodafone and Vimpelcom's Italian mobile phone unit Wind have signed a letter of intent with shareholders of broadband firm Metroweb to build a fibre-optic network in Italy, the companies said in a joint statement.

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