EU Economic and Monetary Affairs Correspondent
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Nov 14, 2014

Euro zone grows faster than expected but still weak

BRUSSELS, Nov 14 (Reuters) – The euro zone economy grew more
strongly than expected in the third quarter as France beat
market forecasts and Germany narrowly avoided a recession, but
the bloc remains weak and could need further stimulus.

European Union statistics office Eurostat said the 18
countries sharing the euro expanded 0.2 percent in
July-September compared to the previous three months, when they
grew 0.1 percent.

Nov 12, 2014

EU’s Juncker conciliatory on Luxembourg tax, Germany wants action

BRUSSELS/BERLIN (Reuters) – The new European Commission president took political responsibility on Wednesday for Luxembourg’s role in helping global companies avoid tax and Germany urged swift action to fight tax evasion in Europe.

Jean-Claude Juncker, who served as finance minister and prime minister of Luxembourg for more than two decades, reacted for the first time since investigative journalists reported last week that the tiny state had granted deals to some 340 companies allowing them to avoid tax.

Nov 12, 2014

EU’s Juncker takes political responsibility for Luxembourg tax deals

BRUSSELS, Nov 12 (Reuters) – The new European Commission
president, Luxembourg’s Jean-Claude Juncker, took political
responsibility for his country’s tax practices on Wednesday,
saying he would fight tax evasion with more automatic exchange
of information between countries.

Juncker, 59, who was the tiny Grand Duchy’s finance minister
or prime minister for 24 years until the end of last year, has
avoided the media since a network of investigative journalists
reported last week that Luxembourg had granted sweetheart deals
to some 340 multinationals allowing them to avoid billions of
euros in tax.

Nov 6, 2014

Euro zone backs ESM credit line for Greece after bailout exit

BRUSSELS (Reuters) – Euro zone finance ministers backed on Thursday a precautionary credit line for Greece after the country exits its bailout at the end of the year, in a bid to balance the need to reassure investors with the demands of domestic Greek politics.

The Greek government has staked its survival on regaining economic policy-making sovereignty after the end of the euro zone lending program this year and on exiting an IMF bailout a year earlier than the originally envisaged 2016.

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.

    • 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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