Euro Zone

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Low inflation to linger for years in euro zone - Reuters poll

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- The euro zone is set for at least two more years of low inflation, held down by a strong currency and anaemic economic and jobs growth, and still faces a very real threat of deflation, a Reuters poll showed on Wednesday.

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France seen missing 2015 European deficit deadline - Reuters poll 16 Apr 2014

PARIS - France's public-sector deficit will overrun EU limits yet again next year, breaching a deadline that was already extended by two years and setting the stage for a clash between Paris and its European partners, a Reuters poll found.

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Euro zone inflation sticks in 'danger zone', keeps ECB under pressure 16 Apr 2014

BRUSSELS - A drop in March euro zone inflation to its lowest level since November 2009 was confirmed on Wednesday, keeping pressure on the European Central Bank to intervene if prices do not rebound.

Raiffeisen Upper Austria confident of passing euro zone banks' stress test 16 Apr 2014

VIENNA - Raiffeisen Landesbank Oberoesterreich AG (RLB OOe) is confident it will pass a stress test for big euro zone banks this year after boosting its capital solvency ratios in 2013 and scaling back its balance sheet to cut risk, its chief executive said.

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Europe's banks prepare for ECB tests with new provisions 15 Apr 2014

LONDON - The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.

ECB's Bonnici - euro a bit higher than ideal for export boost 14 Apr 2014

FRANKFURT - The euro's exchange rate "is still at a higher level than would be desirable" for net exports to support economic growth in the euro zone, European Central Bank policymaker Josef Bonnici told Market News International.

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Euro zone's February output suggests gradual recovery strengthening 14 Apr 2014

BRUSSELS - Output at the euro zone's factories rose broadly in line with expectations in February, driven by production of intermediate and non-durable goods, suggesting the bloc's recovery is gradually strengthening, EU data showed on Monday.

ECB's Bonnici - euro a bit higher than ideal for export boost 14 Apr 2014

FRANKFURT - The euro's exchange rate "is still at a higher level than would be desirable" for net exports to support economic growth in the euro zone, European Central Bank policymaker Josef Bonnici told Market News International.

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France, Italy not in same boat by EU budget rules - Eurogroup head 11 Apr 2014

WASHINGTON - France and Italy will get different treatment under European Union budget rules, because the situation of their public finances is different, the chairman of euro zone finance ministers, Jeroen Dijsselbloem, said on Friday.

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ECB's Nowotny says expects decision on ECB policy move in June 11 Apr 2014

WASHINGTON - The European Central Bank is likely to decide on the way it wants to respond to the low inflation in the euro zone at its meeting at the start of June, when it has more data available, ECB Governing Council member Ewald Nowotny said on Friday.

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RWE's net profit to stabilise at lower level, CEO says

ESSEN, Germany - Germany's RWE said it expected profits to stabilise beyond 2014, albeit at a lower level, as it targets customer-friendly products in an attempt to offset a decline in traditional power generation.

Founder of scandal-hit drugmaker Servier dies at 92

PARIS - Jacques Servier, founder and president of France's second-largest drugmaker, has died before his trial over Mediator, a weight-loss pill at the centre of the country's biggest public health scandal in years.

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Monte Paschi board to meet Friday amid cash call hike talk

MILAN - Italy's Banca Monte dei Paschi di Siena has called a board meeting for Friday as speculation mounts the lender could increase the size of a capital increase it is planning.

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