Euro Zone

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Greece blows hot and cold in race to avert cash crunch

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ATHENS/BRUSSELS - Greece blew hot and cold with its euro zone partners on Tuesday as it struggled to avert a potentially catastrophic funding crunch this month, when it must make a big debt repayment to the IMF as cash reserves dry up. | Video

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Euro zone growth seen stronger, inflation to pick up-EU Commission 10:01am BST

BRUSSELS - Euro zone economic growth will be stronger than previously expected this year thanks to cheaper oil, a weaker euro, stable global growth and supportive fiscal and monetary policies, the European Commission said on Tuesday.

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Diverging monetary policies a risk of instability - ECB's Noyer 9:16am BST

PARIS - ECB governing council member Christian Noyer warned on Tuesday that diverging euro zone and U.S. monetary policies could present a risk of instability for jittery financial markets.

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Greece must take 'major steps' to compromise -EU's Juncker 04 May 2015

BRUSSELS - Athens must take major steps to compromise with its international creditors but a Greek exit from the euro zone is not an option, European Commission President Jean-Claude Juncker said on Monday.

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CEE manufacturing slows, but growth prospects remain good 04 May 2015

WARSAW - Central European manufacturing growth slowed in April reflecting a similar weakening in the euro zone, surveys showed on Monday, but analysts said it was not enough to undermine a positive growth outlook for the region.

Greek finance minister to attend Eurogroup, has government backing - spokesman 04 May 2015

ATHENS - Greek Finance Minister Yanis Varoufakis enjoys the support of the prime minister and will take part in the next meeting of euro zone finance ministers, government spokesman Gabriel Sakellaridis told reporters on Monday.

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ECB's Constancio says 'worst-case' Greek scenario will be avoided 04 May 2015

FRANKFURT - European Central Bank Vice President Vitor Constancio said he was confident Athens and its creditors will agree a deal to avoid Greece leaving the euro zone.

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Euro zone factory growth eases in April but prices rise 04 May 2015

LONDON - Euro zone manufacturing growth eased in April but factories raised prices for the first time in

Euro zone sentiment deteriorates slightly in May - Sentix 04 May 2015

BERLIN - Sentiment in the euro zone weakened slightly in May but analysts and investors were more upbeat about the current situation than at any point since mid-2011, a survey showed on Monday, suggesting they are generally brushing off the Greek crisis.

Italy manufacturing activity reaches 12-month high in April - PMI 04 May 2015

ROME - Italian manufacturing expanded at its fastest rate for a year in April, a survey showed on Monday, bolstering hopes of a recovery in the euro zone's third-largest economy.

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Lufthansa reins in profit expectations as strikes take toll

BERLIN - Germany's Lufthansa , rocked by a fatal plane crash at the end of March and trying to end a long-running dispute with its pilots, struck a cautious tone on 2015 profit expectations despite reporting a smaller first quarter loss. | Video

France, Saudi seeking to seal quickly billions of euros in deals

RIYADH - France is in talks to agree billions of euros worth of contracts in Saudi Arabia that could be completed quickly, ranging from defence to civil aviation, transport and energy, the French government said on Tuesday.

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Forty migrants reported drowned in Mediterranean - Save the Children

ROME - Around forty migrants died in the Mediterranean on Sunday, according to survivors of the journey who arrived on the southern Italian island of Sicily on Tuesday, local Save the Children spokeswoman Giovanna Di Benedetto said. | Video

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