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  • A frayed EU flag flutters atop the Greek Ministry of Finance in central Athens
    With all top 4 eurozone economies growing, survey finds output at 7-month high The Canadian Press - 1 hour 31 minutes ago

    LONDON - The 19-country eurozone economy grew in February at a seven-month high rate, a closely-watched survey found Wednesday, the latest in a string of evidence suggesting the region's recovery is …

    A frayed EU flag flutters atop the Greek Ministry of Finance in central Athens

    LONDON - The 19-country eurozone economy grew in February at a seven-month high rate, a closely-watched survey found Wednesday, the latest in a string of evidence suggesting the region's recovery is gaining ...

  • European Banking Authority will not run stress tests in 2015 Reuters - 18 hours ago

    By Stephen Jewkes MILAN (Reuters) - The European Banking Authority (EBA) will not this year run stress tests to gauge whether European banks have sufficient core capital to withstand shocks to the system, …

    Enria attends a policy dialogue at the Asian Financial Forum in Hong Kong

    By Stephen Jewkes MILAN (Reuters) - The European Banking Authority (EBA) will not this year run stress tests to gauge whether European banks have sufficient core capital to withstand shocks to the system, it said on Tuesday. "Instead of a stress test, in 2015 EBA will be running a transparency exercise in line with the …

  • Barclays will cut investment bank again if performance doesn't improve Reuters - 19 hours ago

    Barclays Plc chief Antony Jenkins has threatened more cuts to its underperforming investment bank after a 750 million pounds charge by the British bank provided fresh evidence of the costs of past misdemeanours …

    A man passes automated teller machines at a Barclays bank branch in London

    Barclays Plc chief Antony Jenkins has threatened more cuts to its underperforming investment bank after a 750 million pounds charge by the British bank provided fresh evidence of the costs of past misdemeanours by its traders. Barclays last year cut costs, improved its capital strength and shed unwanted assets, which Jenkins …

  • Mixed messages on third Greek bailout talks Reuters - Tue, 3 Mar, 2015 12:17 AM EST

    MADRID/ATHENS (Reuters) - Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no …

    Greek national flags are displayed for sale at the entrance of a one Euro shop in Athens

    MADRID/ATHENS (Reuters) - Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no such talks. Speaking at an event in Pamplona, northern Spain, Economy Minister Luis de Guindos said the new rescue plan …

  • As ECB prepares to start stimulus, rate of decline in eurozone prices eases The Canadian Press - Mon, 2 Mar, 2015 9:48 AM EST

    LONDON - The 19-country eurozone got a double dose of mildly positive economic news Monday that will likely be met with relief by the European Central Bank's policymakers as they prepare to hold their …

    President of the European Central Bank Draghi presents the new 20 Euro banknote at ECB headquarters in Frankfurt

    LONDON - The 19-country eurozone got a double dose of mildly positive economic news Monday that will likely be met with relief by the European Central Bank's policymakers as they prepare to hold their ...

  • Global stimulus swells as China eases, ECB to start soon on QE Reuters - Mon, 2 Mar, 2015 6:46 AM EST

    BENGALURU/SYDNEY (Reuters) - Global stimulus is swelling, with China cutting interest rates ahead of disappointing factory data and the European Central Bank set to start government bond purchases just …

    People watch television sets displaying India's FM Jaitley presenting the budget in parliament at an electronic shop in Chandigarh

    BENGALURU/SYDNEY (Reuters) - Global stimulus is swelling, with China cutting interest rates ahead of disappointing factory data and the European Central Bank set to start government bond purchases just as data hints the euro zone economy may be picking up. Central banks from Switzerland to Turkey, Canada and Singapore …

  • Modi passes budget test despite lack of reform dazzle Reuters - Sun, 1 Mar, 2015 7:48 AM EST

    By Frank Jack Daniel and Swati Bhat NEW DELHI/MUMBAI (Reuters) - India's reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors …

    Indian PM Modi listens to FM Jaitley during the Global Business Summit in New Delhi

    By Frank Jack Daniel and Swati Bhat NEW DELHI/MUMBAI (Reuters) - India's reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernising India's ageing roads and railways while keeping borrowing in check. The …

  • Despite Greece, euro zone is turning the corner Reuters - Sun, 1 Mar, 2015 5:09 AM EST

    The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial center and a hotbed of Euroskepticism. The …

    A Greek and a European flag flutter outside the Greek embassy in Brussels

    The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial center and a hotbed of Euroskepticism. The heightened risk of a Greek default and/or exit comes just as there are signs that the euro zone is turning the corner …

  • Greece runs out of funding options despite euro zone reprieve Reuters - Fri, 27 Feb, 2015 8:15 PM EST

    By Jan Strupczewski and Deepa Babington BRUSSELS/ATHENS (Reuters) - Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement …

    People are silhouetted as they gather ahead of an anti-austerity and pro-government demonstration in front of the parliament in Athens

    By Jan Strupczewski and Deepa Babington BRUSSELS/ATHENS (Reuters) - Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks. Euro zone and IMF creditors gave …

  • Greece set to get green light for EBRD support Reuters - Fri, 27 Feb, 2015 2:05 PM EST

    Greece is expected to get the green light early next week for what could add up to over a billion euros of funding support and investments from the European Bank for Reconstruction and Development, according …

    A Greek flag is seen through pillars at the Attalos arcade in Athens

    Greece is expected to get the green light early next week for what could add up to over a billion euros of funding support and investments from the European Bank for Reconstruction and Development, according to sources at the bank. The former Greek government put in a request late last year to become an EBRD 'country of …