Paul Taylor

Exclusive: ECB limits bond buying, euro zone looks to banks

By Paul Taylor
December 9, 2011

BRUSSELS (Reuters) – The European Central Bank is capping its weekly bond purchases at 20 billion euros and euro zone officials hope its new bumper liquidity provision will allow banks to buy more government debt and ease crisis-hit states’ borrowing costs, ECB sources said on Friday.

Europe splits over fiscal union

By Paul Taylor
December 9, 2011

BRUSSELS (Reuters) – Europe divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to move ahead with a separate treaty, leaving Britain isolated.

Europe splits over fiscal union, UK isolated

By Paul Taylor
December 9, 2011

BRUSSELS, Dec 9 (Reuters) – Europe divided on Friday
in a historic rift over building a fiscal union to preserve the
euro, with a large majority of countries led by Germany and
France agreeing to move ahead with a separate treaty, leaving
Britain isolated.

Insight: Conflicting visions at core of euro zone crisis

By Paul Taylor
December 6, 2011

PARIS (Reuters) – Same bed, different dreams.

Since the inception of the euro, France and Germany have pursued divergent visions of European economic and monetary union. In two decades, the French have become a little more German, the Germans a little more French. But the gulf remains.

Conflicting visions at core of euro zone crisis

By Paul Taylor
December 6, 2011

PARIS, Dec 6 (Reuters) – Same bed, different dreams.

Since the inception of the euro, France and Germany have
pursued divergent visions of European economic and monetary
union. In two decades, the French have become a little more
German, the Germans a little more French. But the gulf remains.

Decision time for EU, with euro’s future at stake

By Paul Taylor
December 4, 2011

PARIS, Dec 4 (Reuters) – The euro faces a decisive
week as European Union leaders, urged on anxiously by the United
States, seek agreement on the definitive rescue plan that has
eluded them for two years.

Euro zone enters decisive week, outcome uncertain

By Paul Taylor
December 4, 2011

PARIS (Reuters) – The euro faces a decisive week as European Union leaders, urged on anxiously by the United States, seek agreement on the definitive rescue plan that has eluded them for two years.

Euro zone enters a decisive week

By Paul Taylor
December 4, 2011

PARIS (Reuters) – The euro faces a decisive week as European Union leaders, urged on anxiously by the United States, seek agreement on the definitive rescue plan that has eluded them for two years.

IMF in exploratory talks with Italy on support -sources

By Paul Taylor
November 29, 2011

WASHINGTON/BRUSSELS, Nov 29 (Reuters) – Italy has had
preliminary discussions with the International Monetary Fund
about financial support to cope with the euro zone’s debt
crisis, possibly co-funded by national European central banks,
but no decision has been taken, several sources close to the
situation said.

Insight: Euro zone staring into the abyss, waiting for ECB

By Paul Taylor
November 28, 2011

BRUSSELS (Reuters) – The euro zone is staring into the abyss.

Unless European leaders agree on a political remedy for their sovereign debt crisis at a December 9 summit, and the European Central Bank then intervenes massively to support government bonds and European banks, the euro may start to unravel.