Euro Zone

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


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 8:36am GMT

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.


Insight - Export-hooked Germany rebalances economy - up to a point 09 Feb 2016

BERLIN In 2010, France's then Finance Minister Christine Lagarde urged Germany to boost economic demand at home and help weaker euro zone states recover from the global crisis. Six years on, it is delivering - up to a point and as much by accident as by design.


Tax hikes 'self defeating' when trying to cut govt debt - ECB paper 08 Feb 2016

FRANKFURT Raising taxes is "self defeating" when a country tries to bring down the ratio between its public debt and economic output, according to a research paper published by the European Central Bank on Monday and based on the euro zone's recent history.

Germany offers 500 million euros in credits to Iraq

BERLIN Germany will provide 500 million euros ($566 million) worth of credit to Iraq to help it weather the sharp downturn in global oil prices, Chancellor Angela Merkel said on Thursday after talks with Iraqi Prime Minister Haider al-Abadi.

Total beats fourth-quarter expectations but oil rout to drive deeper cuts

PARIS/LONDON France's Total beat quarterly earnings expectations powered by high production and refining margins on Thursday but said it plans fresh spending cuts and asset sales in response to one of the worst market downturns in a decade.


Italy opens tax probe on Google managers-sources

MILAN Prosecutors are investigating five managers at Alphabet Inc's Google as part of a probe into allegations the firm evaded taxes worth 227 million euros (£178.27 million) in Italy, investigative sources said on Thursday.

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