EU Economic and Monetary Affairs Correspondent
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Nov 5, 2013

Euro zone economy turns corner, but growth, inflation subdued: EU executive

BRUSSELS (Reuters) – The euro zone economy will expand slightly more slowly next year than previously expected because of weaker private demand and investment and inflation will stay well below the central bank target over the next two years.

The European Commission forecasts published on Tuesday are likely to add to arguments for an interest rate cut by the European Central Bank, which is to discuss its next policy move on Thursday.

Nov 5, 2013

Euro zone economy turns corner, but growth, inflation subdued-EU exec

BRUSSELS, Nov 5 (Reuters) – The euro zone economy will
expand slightly more slowly next year than previously expected
because of weaker private demand and investment and inflation
will stay well below the central bank target over the next two
years.

The European Commission forecasts published on Tuesday are
likely to add to arguments for an interest rate cut by the
European Central Bank, which is to discuss its next policy move
on Thursday.

Nov 4, 2013

EU moots funding backstop for non-euro zone banks

BRUSSELS, Nov 4 (Reuters) – The European Union is
considering using an EU fund for non-euro zone states with
balance of payments problems as a backstop for banks in those
countries that fail regionwide financial health checks, EU
officials said.

The idea is part of a wider discussion on how to reassure
investors that Europe will have enough money to bolster banks
that will need recapitalising following next year’s stress
tests.

Nov 1, 2013

Doubts raised over Troika’s return to Greece amid budget hole

BRUSSELS (Reuters) – International inspectors are set to put on hold a trip to Athens because they have been unable to bridge differences with Greece over how to close a 2 billion-euro ($2.7 billion) hole in its 2014 budget, euro zone officials said.

Athens, however, denied there had been any changes to the inspectors’ scheduled return early next week, and a spokeswoman for the International Monetary Fund said that staff from the global lender would resume work in Athens on Tuesday.

Oct 31, 2013

Doubts emerge over troika’s return to Greece amid budget hole

BRUSSELS (Reuters) – International inspectors are set to put on hold a trip to Athens because they have been unable to bridge differences with Greece over how to close a 2 billion-euro hole in its 2014 budget, euro zone officials said.

Athens however denied there had been any changes to the inspectors’ scheduled return early next week, and Greece’s finance minister said the officials had asked for a meeting on Tuesday.

Oct 31, 2013

Troika put return Greek visit on ice due to budget hole

BRUSSELS, Oct 31 (Reuters) – International inspectors are
set to put on hold a trip to Athens because they have been
unable to bridge differences with Greece over how to close a 2
billion euro ($2.7 billion) hole in its 2014 budget, euro zone
officials said.

A team of officials from the IMF, the European Commission
and the European Central Bank – known as the Troika – visits
Athens regularly to check progress on its bailout commitments
and decide whether to release the next tranche of loans.

Oct 31, 2013

Troika inspectors to put return Greek visit on hold, officials say

BRUSSELS, Oct 31 (Reuters) – International inspectors are
set to put on hold a trip to Athens because they have been
unable to bridge differences with Greece over how to close a 2
billion euro hole in its 2014 budget, euro zone officials said.

A team of officials from the IMF, the European Commission
and the European Central Bank – the Troika – visits Athens
regularly to check on progress on its bailout commitments and to
decide whether to release the next tranche of loans.

Oct 25, 2013

Euro zone suffers from integration fatigue

BRUSSELS, Oct 25 (Reuters) – The euro zone is suffering from
integration fatigue and banking union might be the last big push
for the foreseeable future, officials in the currency bloc say.

After three years of tightening policy cooperation, forced
by a sovereign debt crisis, the single currency area may be
reaching the limits of how much power governments are willing to
cede.

Oct 24, 2013

EU leaders to set tight timetable on completing banking union

BRUSSELS, Oct 24 (Reuters) – European leaders will confirm
on Friday an ambitious timetable for the completion of a banking
union, Europe’s biggest project since the euro, and set a
December deadline for fleshing out the idea of rewards for
structural reforms in the euro zone.

Policy-makers believe a banking union in the 18 countries
that will share the euro from next year will help increase the
flow of credit, boost growth and help prevent financial crises
in the future.

Oct 12, 2013

Financing Greece – key decisions over the next 12 months

WASHINGTON, Oct 12 (Reuters) – The euro zone will have to
decide over the next 12 months how to close a financing gap in
the current Greek bailout, how to help the country cut its debt
to sustainable levels and whether to lend it more money for 2015
and 2016.

The three issues are likely to be dealt with separately at
different points in time, although the question for the euro
zone is more about precisely how to help Athens, rather than if.

    • 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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