Euro Zone

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Policies working, ECB must persist with purchase programmes - Constancio

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SITGES, Spain - The European Central Bank's monetary policy, aimed at raising inflation in the euro zone area, is working according to plan, ECB vice president Vitor Constancio said on Saturday, citing recent figures.

German newspaper corrects IMF chief Lagarde's Greece comments 29 May 2015

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.

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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.

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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.

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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.

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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

EU plans legal challenge against Germany's road toll-Die Welt

BERLIN - The European Commission plans to launch a legal challenge against Germany for violating European law with its planned road toll, which critics say unfairly targets foreigners, a German newspaper reported on Saturday.

Probes of child abuse in Central African Republic should intensify - U.N. rights chief

UNITED NATIONS - The United Nations human rights chief on Saturday urged several countries to intensify their investigations of alleged sexual abuse of young children in the Central African Republic by French and African soldiers posted in the conflict-torn nation.

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