EU Economic and Monetary Affairs Correspondent
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Nov 6, 2014

Exclusive – Euro zone considers 3 bailout exit options for Greece

BRUSSELS (Reuters) – Euro zone finance ministers will consider three options on Thursday for what happens after Greece exits its bailout at the end of the year, seeking to balance the need to reassure investors with the demands of domestic Greek politics.

The Greek government has staked its survival on exiting the bailout a year early, a move that will please voters hammered by austerity measures imposed by the EU and the IMF, but which has already rattled markets, pushing up Greek bond yields.

Nov 6, 2014

Exclusive: Euro zone considers three bailout exit options for Greece

BRUSSELS (Reuters) – Euro zone finance ministers will consider three options on Thursday for what happens after Greece exits its bailout at the end of the year, seeking to balance the need to reassure investors with the demands of domestic Greek politics.

The Greek government has staked its survival on exiting the bailout a year early, a move that will please voters hammered by austerity measures imposed by the EU and the IMF, but which has already rattled markets, pushing up Greek bond yields.

Nov 6, 2014

Euro zone considers 3 bailout exit options for Greece

BRUSSELS, Nov 6 (Reuters) – Euro zone finance ministers will
consider three options on Thursday for what happens after Greece
exits its bailout at the end of the year, seeking to balance the
need to reassure investors with the demands of domestic Greek
politics.

The Greek government has staked its survival on exiting the
bailout a year early, a move that will please voters hammered by
austerity measures imposed by the EU and the IMF, but which has
already rattled markets, pushing up Greek bond yields.

Nov 4, 2014

European Commission cuts forecasts, euro zone recovery delayed

BRUSSELS, Nov 4 (Reuters) – The euro zone will need another
year to reach even a modest level of economic growth, the
European Commission said on Tuesday, calling on Germany to help
as Chancellor Angela Merkel again rejected a spending spree.

The EU executive cut its forecasts, saying the euro zone
economy would expand by 0.8 percent this year, 1.1 percent next
year and by 1.7 percent in 2016 — a level the Commission said
six months ago would be achieved next year. The delay in the
upturn was due to drag on the economy from France and Italy.

Nov 4, 2014

France seen weakest euro zone economic performer: EU forecasts

BRUSSELS (Reuters) – France, the euro zone’s second biggest economy, appeared as the weakest performer in European Commission economic forecasts on Tuesday with below average economic growth, falling investment and deteriorating public finances and competitiveness.

Economic growth in the third biggest economy, Italy, emerging from recession, would be even slower over the next two years than in France, the Commission forecast, but it would invest more, cut its budget deficit and debt and keep a current account surplus.

Oct 22, 2014

EU in last-ditch talks with Italy and France on 2015 budget changes

BRUSSELS, Oct 22 (Reuters) – The European Commission is
discussing changes with Italy and France to their 2015 draft
budgets to avoid having to send back the plans that break
European Union rules, EU officials said on Wednesday.

Euro zone countries submitted draft budgets to the
Commission on Oct. 15 to check whether they meet EU regulations,
under powers ceded to the EU’s executive arm last year as a
result of the euro zone debt crisis.

Oct 15, 2014

France tests EU rules with 2015 budget, Italy also may fall short

PARIS/BRUSSELS (Reuters) – The European Union’s budget rules faced their biggest test in over a decade on Wednesday after France presented a draft 2015 budget breaking commitments to rein its deficit to within EU limits, and officials said Italy was likely to fall short too.

This year, for the second time, the European Commission will scrutinize draft euro zone budgets to ensure they are in line with EU rules after governments granted it such powers in 2013 in the wake of the sovereign debt crisis.

Oct 15, 2014

Euro partners see Greece softening line on ending support

BRUSSELS (Reuters) – Greece’s partners in the euro believe Athens is changing its mind about giving up on their financial help next year and might ask for a credit line to replace funds from the IMF.

Euro zone officials told Reuters that Greece seemed to be having second thoughts about a return to purely market funding after pressure from EU powers – and from investors who sold off Greek bonds this week. They also said Europeans were resisting a push by Athens to end borrowing from the IMF, which is unpopular in Greece and causing political problems.

Oct 14, 2014

Euro zone industrial output falls; ministers debate weak economy

BRUSSELS (Reuters) – Euro zone industrial production fell more than expected in August, reflecting a slump in the output of capital goods used for investment and raising concern that the economy is weaker than previously thought.

The European Union’s statistics office Eurostat said on Tuesday that production in the 18 countries sharing the euro fell 1.8 percent in August from July for a 1.9 percent year-on-year decline.

Oct 11, 2014

Europe growth pact floated as euro zone recession fears mount

WASHINGTON (Reuters) – Heeding global calls for action to shore up Europe’s sagging economy, euro zone’s top finance official proposed a new growth pact on Friday to break a policy logjam and spur reforms by rewarding countries with cheap funds and leeway on budget targets.

The International Monetary Fund, which cut its global growth forecasts for the third time this year this week, flagged Europe’s weakness as the top concern, a sentiment echoed by many policymakers, economists and investors.

    • About Jan

      "Based in Brussels since 2005, I cover economic policy news from the European Commission, EU and euro zone economic data, monthly meetings of EU/euro zone finance ministers as well as G7/8/20 meetings. Before Brussels I was a correspondent in Stockholm for five years, covering technology stocks and the Swedish central bank. I was earlier a correspondent in Poland for seven years, covering macroeconomic policy, bond, forex and money markets, the central bank and politics."
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