China, euro zone threaten U.S.-led economic recovery
LONDON - Factory output in China, the world's second largest economy, weakened to a nine-month low in June, combining with a continued recession in the euro zone to threaten a global recovery led by the United States.
Warburg Pincus touts minority partnerships to clinch Europe bank deals
LONDON/MADRID - U.S. private equity firm Warburg Pincus is trying to persuade European banks to sell it more of their businesses by buying minority stakes that allow them to share in any future upside, a senior executive told Reuters on Thursday.
Euro zone business slump eases but second-quarter contraction likely - PMI
LONDON - The euro zone's private sector slump has eased more than expected this month, business surveys showed on Thursday, but a continued slide in new orders suggested a full recovery is still some way off.
Britain, France face EU action over high Eurostar charges
BRUSSELS - The European Commission has given France and Britain two months to respond to a request to lower charges for passenger and freight trains to use the Channel Tunnel, or face possible court action, it said on Thursday.
Euro ministers to decide direct bank recapitalisation rules on Thursday
BRUSSELS - Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth.
EU strikes deal on long-term budget, but approval in doubt
BRUSSELS - Negotiators reached a provisional deal on Wednesday to finalise the European Union's 960 billion euro (824 billion pounds) long-term budget, but ratification of the deal was immediately thrown into doubt by a leading socialist lawmaker in the talks.
Euro zone wrangling may cost Greece 2 billion euros in 2013 - sources
BRUSSELS/ATHENS - European foot-dragging could leave Greece short of 2.0 billion euros (1.7 billion pounds) this year as some euro zone creditors are reluctant to roll over their Greek debt holdings, Greek and euro zone sources involved in the matter told Reuters.
EU Parliament in push to limit U.S. data access
BRUSSELS - European Union lawmakers want to forbid the United States from accessing European citizens' data without the approval of a judge or equivalent authority, a response to the revelations about the Prism spy programme.
EU entry to help Croatia public finances but growth seen weak - Reuters Poll
ZAGREB - Croatia will struggle to get its finances in order after it joins the European Union on July 1 but its entry will reduce the risk that the government will have to seek IMF aid, a Reuters poll shows.
EU regulators raid cargo train transport companies
BRUSSELS - European Union regulators have raided cargo train transport services companies in several EU countries on suspicion that the firms may have fixed prices and divided up markets amongst themselves in breach of antitrust rules.
EURO ZONE EMERGES FROM CRISIS
Rome will burn, regardless of vote
Regardless of who wins the election, Italy's long economic decline is likely to continue because the next government won't be strong enough to pursue the reforms needed to make its economy competitive again. Full Article
BRUSSELS AND THE EU LABYRINTH
Euro zone economy to shrink again
The euro zone will not return to growth until 2014, the European Commission said, reversing its prediction for an end to recession this year and blaming a lack of bank lending and record joblessness for delaying the recovery. Full Article
Don't rush towards Euro-pessimism
The siren call of Euro-pessimism should be ignored. It was wrong in 2010, and it will be wrong now. Europe faces hard years with no clear path, but that is not the same as dissolution and chaos. Full Article
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