Euro Zone

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Euro zone economic muscle weak as global storm gathers


BRUSSELS/FRANKFURT The euro zone economy notched up modest growth in the final three months of last year, showing the bloc has little muscle to shrug off the globe's mounting economic problems.


Market turbulence raises worries of third crisis wave 12 Feb 2016

LONDON Don't panic yet, but the financial market upheaval in recent days is worryingly reminiscent of when the 2008-2009 global financial crisis and the 2011-2012 euro zone debt crisis were in their early stages.


EU finance ministers' head urges ECB to study security risks of 500 euro banknote 12 Feb 2016

BRUSSELS The European Central Bank should make proposals on how to reduce security risks linked to the 500 euro note which can be used for the financing of terrorism, the head of euro zone finance ministers said on Friday.

EU-Britain deal should not hamper deeper euro zone integration - Slovak minister 12 Feb 2016

PRAGUE There is a will to reach a European Union reform deal with Britain, but any compromise should be designed to avoid hampering deeper integration in the euro zone, Slovak Finance Minister Peter Kazimir said on Friday.


EU refines UK offer, up to Cameron now to clinch deal 11 Feb 2016

By Jan Strupczewski, Alastair Macdonald and Gabriela Baczynska

Euro zone ministers' meetings to become more transparent 11 Feb 2016

BRUSSELS Euro zone finance ministers agreed on Thursday to make their meetings more transparent by publishing an annotated agenda before the monthly talks and a summary afterwards, the chairman of the meetings said.

EU bank stock sell-off not worrying, no link to EU bail-in -ministers 11 Feb 2016

BRUSSELS The sell-off in European bank stocks is exaggerated and not a cause for worry now, euro zone finance ministers said on Thursday, dismissing a link between bearish investors and a new EU law on who has to share the costs of EU bank failures.


Europeans stack up 1 trillion euros in cash as economic worries grow 11 Feb 2016

FRANKFURT The amount of cash across the euro zone rose to more than 1 trillion euros ($1.1 trillion) last year, with almost 30 percent of it hoarded in 500 euro notes, ECB data has shown, as nervous individuals keep more of their money at home or in a vault.


Don't let Brexit threat hold euro zone back, France's Sapin says 11 Feb 2016

PARIS The possibility of Britain voting to leave the European Union must not prevent euro zone countries from deepening their economic integration in the months ahead, French Finance Minister Michel Sapin told Reuters on Thursday.


BoE's Cunliffe does not expect UK to join EU banking union 11 Feb 2016

LONDON Britain is unlikely to join the European Union's banking union, which is centred on the euro zone, as it is not needed for being part of the wider EU single market, Bank of England Deputy Governor Jon Cunliffe said on Thursday.

Paris Pinacotheque museum closes as visitor numbers drop post attacks

PARIS The Paris Pinacotheque, one of France's rare privately owned art museums, will close on Monday as visitor numbers have plunged following the November shootings in Paris.


Austria wants to press ahead to protect its borders - paper

ZURICH Austria will start building new facilities to better protect its borders, notably the one with Italy, Chancellor Werner Faymann said in an interview published on Sunday, underlining efforts to limit admissions of migrants.

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