Paul Taylor

Europe signs up to German-led fiscal pact

By Paul Taylor
January 31, 2012

BRUSSELS (Reuters) – Chancellor Angela Merkel cemented her political ascendancy in Europe Monday when 25 out of 27 EU states agreed to a German-inspired pact for stricter budget discipline, even as they struggled to rekindle growth from the ashes of austerity.

EU leaders agree rescue fund, 25 join fiscal pact

By Paul Taylor
January 30, 2012

BRUSSELS, Jan 30 (Reuters) – European leaders agreed
on a permanent rescue fund for the euro zone on Monday and 25
out of 27 EU states backed a German-inspired pact for stricter
budget discipline, but they struggled to reconcile fiscal
austerity with economic growth.

Arab Spring Islamist leaders to Davos: invest in us, don’t fear us

By Paul Taylor
January 27, 2012

(A general view shows the Swiss mountain resort of Davos December 28, 2011. REUTERS/Arnd Wiegmann)

ECB’s Draghi: credit crunch averted, spreads

By Paul Taylor
January 27, 2012

DAVOS, Switzerland (Reuters) – The European Central Bank’s new round of loans to banks have averted a major credit crunch but credit remains seriously impaired in parts of the euro area, ECB President Mario Draghi said at the World Economic Forum in Davos on Friday.

ECB’s Draghi: credit crunch averted, spreads overshooting

By Paul Taylor
January 27, 2012

DAVOS, Switzerland, Jan 27 (Reuters) – The European
Central Bank’s new round of loans to banks have averted a major
credit crunch but credit remains seriously impaired in parts of
the euro area, ECB President Mario Draghi said at the World
Economic Forum in Davos on Friday.

Arabs to Davos: invest in us, don’t fear us

By Paul Taylor
January 27, 2012

* Revolts swept aside leaders of Tunisia, Egypt, Libya,
Yemen

* Main issue for newly-empowered Islamic parties is jobs,
not religion

By Warren Strobel and Paul Taylor

DAVOS, Switzerland, Jan 27(Reuters) – Leaders of the
Arab Spring sought to assure the world’s elite in Davos that the
rise of political Islam is not a threat to democracy, and
pleaded for help creating jobs and satisfying the hunger of
their people for a better life.

Euro ministers upbeat on Greece, crisis solution

By Paul Taylor
January 27, 2012

DAVOS, Switzerland, Jan 27 (Reuters) – Euro zone
finance officials voiced optimism on Friday that a deal to avert
a disorderly Greek defaut was imminent and that key building
blocks to resolve Europe’s sovereign debt crisis are gradually
fitting into place.

EXCLUSIVE: More public money likely for Greek bailout – EU’s Rehn

By Paul Taylor
January 26, 2012

DAVOS, Switzerland (Reuters) – The European Union’s top economic official said on Thursday that more public money will be needed to make up a shortfall in a second bailout for Greece if private bondholders agree to take a share of losses.

Exclusive – More public money likely for Greek bailout

By Paul Taylor
January 26, 2012

DAVOS, Switzerland (Reuters) – The European Union’s top economic official said on Thursday that more public money will be needed to make up a shortfall in a second bailout for Greece if private bondholders agree to take a share of losses.

Exclusive: More public money likely for Greek bailout: EU’s Rehn

By Paul Taylor
January 26, 2012

DAVOS, Switzerland (Reuters) – The European Union’s top economic official said on Thursday that more public money will be needed to make up a shortfall in a second bailout for Greece if private bondholders agree to take a share of losses.