‘Euro-Area slump not temporary’Growth in the euro area has slowed significantly recently.
First ECB rate hike possible in Q4 2019: Council member RehnRehn’s comments come as the ECB prepares to cap its bond-buying program by the end of the year
Finland to nominate Jyrki Katainen as European Union commissioner on ThursdayKatainen will replace Olli Rehn, EU commissioner for economic and monetary affairs, as Finland's representative at the European Commission.
Eurozone to shrink further; job-loss record to shoot upGDP in the 17-nation region will fall 0.4% this year, compared with a Feb prediction of a 0.3%, the Brussels-based commission said.
Europe's fiscal austerity steps should not affect growth:IndiaIndia said the fiscal austerity measures adopted by Europe should not affect growth as a slowdown could lead to repercussions affecting eco...
- Bailout norms met by Greece, says Luxembourg Prime Minister Jean-Claude Juncker
The decision, made by euro-area finance ministers today, gives a full green light to part of Greece's second rescue package.
- Greek PM George Papandreou may resign after coalition deal
Greece's political deadlock may be easing under EU pressure, a senior socialist said PM Papandreou would resign after a coalition deal
- European Union cuts second-half growth forecasts
The European Union cut its quarterly growth forecasts for the second half to reflect a worsening outlook from the debt crisis.
- EU wants more government budget cuts
European Union governments must make further cuts to their budgets, overhaul their pension systems, and make sure their banks are less vola...
- EU official urges easing in Greek repayment schedule
EU Economics Affairs Commissioner Olli Rehn backed a delay for Greece in the repayment of its 110-billion-euro rescue loan.
- Euro state insolvency idea not ruled out-EU's Rehn
European Monetary Affairs Commissioner Olli Rehn refused to rule out in a newspaper interview that a mechanism to allow euro zone member st...
- EU rubbishes report of 250-billion-euro Spanish credit line
The European Commission dismissed as "rubbish" reports on Wednesday that the EU, the IMF and the US were planning a credit line of up to 25...
- EU attacks Moody's over downgrading Greece rating to junk
The downgrade means some investors will no longer be allowed to buy Greek debt under the terms of their investment mandate. Spain sees cred...
- EU nations push for deficit cuts to tame crisis
EU nations are pushing for deep deficit cuts at a meeting Tuesday to restore confidence in European governments' ability to handle the debt...
- Challenges remain for global recovery: IMF
The IMF welcomed signs of a global economic rebound, but said challenges were still in the way, especially those related to govt finances. ...
- China needs to consider currency 'reforms': EU
Beijing has long linked its currency, the renminbi or yuan, to the dollar, rather than letting it float as the country's economy grows. Top...
- EU ready to assist Greece, considering options
The EU says it has developed a set of options to help Greece overcome its deep financial crisis. Full Coverage: Lehman | Top gainers, loser...