Euro Zone

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Santander's new head Ana Botin reaffirms bank's strategy, dividend

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SANTANDER Spain - Ana Botin, the new chairwoman of Santander , told shareholders on Monday she would defend the legacy of her father at the helm of the euro zone's biggest bank and her priorities include maintaining its generous dividend policy. | Video

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OECD slashes growth forecasts, urges aggressive ECB action 15 Sep 2014

PARIS - The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.

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Euro zone trade surplus rises in July on growing exports 15 Sep 2014

BRUSSELS - The euro zone's trade surplus rose year-on-year in July as exports grew faster than imports, pointing to a positive contribution to economic growth at the start of the third quarter, the European Union's Statistics office data showed.

Spain urges common stance as euro zone at odds over ABS guarantees 13 Sep 2014

MILAN - Spain called on Saturday for the euro zone to find a common stance on whether to provide guarantees for the European Central Bank's debt-buying programme after governments dragged their feet and the ECB said the programme risked being less effective.

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No significant risk of deflation spiral in euro zone - ECB's Weidmann 13 Sep 2014

MILAN - The European Central Bank sees no significant risks of a deflation spiral in the euro zone, the bank's Governing Council member Jens Weidmann said on Saturday, adding the bloc's growth would stay subdued into the next year.

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ECB sees euro zone GDP positive in third quarter - Constancio 13 Sep 2014

MILAN - The European Central Bank expects the euro zone will return to modest growth in the third quarter but full year growth will be less than 1 percent, ECB Vice President Vitor Constancio said on Saturday.

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U.S. sees Europe deflation risk, plans G20 bid to boost global demand 12 Sep 2014

WASHINGTON - The United States is planning to push Europe towards new and more aggressive efforts to boost demand and economic growth given a renewed risk of deflation in the euro zone, a senior Treasury official said on Friday.

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Euro zone ministers upset by broken French budget promises 12 Sep 2014

MILAN - France faced harsh criticism on Friday for failing to meet a deadline to put its finances in order, as frustrated euro zone ministers struggled to keep alive their post-crisis strategy for the bloc's stagnating economy. | Video

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ECB stands ready to take more measures if needed - Draghi 12 Sep 2014

MILAN Italy - The European Central Bank is ready to take more measures to fend off the threat of deflation in the euro zone if they are warranted, the bank's president said on Friday, also warning that the bloc's fiscal rules "should not be unravelled."

Draghi promises 'big' ABS programme but says reforms key 12 Sep 2014

MILAN Italy - European Central Bank President Mario Draghi promised on Friday that the ECB's planned asset purchase programme would be "big" but stressed that only structural reforms by governments could revive the moribund euro zone economy.

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German man, 20, goes on trial for Islamic State membership

FRANKFURT - A 20-year-old German man charged with joining Islamic State militants in Syria last year went on trial in Frankfurt on Monday, the first such case in Germany.

Airbus to sell business units in defence and space review

BERLIN/PARIS - Airbus Group unveiled plans on Tuesday to sell half a dozen business units with combined revenues of around two billion euros as it focuses its Defence and Space division on warplanes, missiles, launchers and satellites.

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OECD's Italy forecasts make chilling reading for Renzi

ROME - When Italy's centre-left Prime Minister Matteo Renzi took power in February by ousting his predecessor Enrico Letta in an internal party coup, he was expecting to benefit from a strengthening economic recovery.

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