BERLIN - German Finance Minister Wolfgang Schaeuble said on Wednesday that Italy's inconclusive weekend election had raised the risk of market turmoil spreading to other euro countries and urged Italian politicians to form a stable government quickly.
BRUSSELS - Britain should welcome a cap on bankers' bonuses agreed by European Union lawmakers on Thursday as a fair response to taxpayers' anger over the huge cost of rescuing imprudent banks, Europe's top financial regulator said.
BRUSSELS - The worst of Europe's sovereign debt crisis may be over in terms of financial turmoil but the region now faces a social crisis that has potential to tear the European Union and its single currency project apart.
BERLIN - France has a special responsibility for ensuring stability in Europe and must continue on its deficit reduction course even after signaling that it will miss its target for this year, German Finance Minister Wolfgang Schaeuble said in an interview.
BRUSSELS - China has until June 7 to negotiate a deal with the European Union on state subsidies for solar panels and mobile telephone networks or face possible punitive measures, the EU's trade chief said on Wednesday.
FRANKFURT - There is "huge uncertainty" surrounding the European Central Bank's expectation for a gradual euro zone recovery later in 2013 due to fiscal tightening in the bloc, the incoming chief of Germany's ZEW economic institute said.
BRUSSELS - The United States and European Union cannot afford to let transatlantic trade talks fail after they are launched in June, the EU's trade chief said on Wednesday, warning that both sides' standing and prosperity in the world depended on their success.
LONDON - A British exit from the European Union would be a historic blunder that would dilute the country's clout in the same way as the Suez crisis did, the most pro-European Conservative minister in Britain's government says.
FRANKFURT - Depositors in Cypriot banks should not be forced to take losses across the board as part of a euro zone rescue of Cyprus, ECB policymaker Benoit Coeure said, but he did not rule out making the biggest depositors share some of the burden.
FRANKFURT - The European Central Bank's bond-purchase program is "not a nuclear deterrent" and is available for use, ECB policymaker Benoit Coeure said, with Ireland and Portugal candidates to tap the plan when they gain more access to debt markets.
BRUSSELS - European Commission President Jose Manuel Barroso appealed to EU leaders not to give in to populism on Tuesday after Italian voters roundly rejected the austerity policies pursued by outgoing prime minister Mario Monti.
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