BRUSSELS, Feb 26 (Reuters) – Italy’s fractured election
result may be a wake-up call to European politicians who have
slackened their reforms and in any case market pressure will
return to force euro zone integration, a prominent EU lawmaker
The Italian stock market fell and the country’s borrowing
costs rose on Tuesday as investors took fright at a political
stalemate after elections that saw a protest party lead the poll
and left no group with a clear majority in parliament.
BRUSSELS (Reuters) – The euro zone will not return to growth until 2014 and struggling Spain and France will be among those who miss debt-cutting targets as a result, the European Commission said on Friday.
Paris and Lisbon said they would seek more time from Brussels to reach their deficit goals. Madrid has already indicated the same.
BRUSSELS (Reuters) – The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year and blaming a lack of bank lending and record joblessness for delaying the recovery.
The 17-nation bloc’s economy, which generates nearly a fifth of global output, will shrink 0.3 percent in 2013, the Commission said, meaning the euro zone will remain in its second recession since 2009 for a year longer than originally foreseen.
BRUSSELS, Feb 21 (Reuters) – Canada must offer the European
Union broader access to its markets if both sides are to agree a
free-trade accord they have been negotiating since 2009, the
EU’s trade chief said on Thursday.
A free-trade agreement with Canada would be the European
Union’s first such deal with a major world economy. The United
States is watching closely because Washington will launch
separate trade negotiations with Brussels later this year.
BRUSSELS/BEIJING, Feb 21 (Reuters) – China’s leadership
transition is complicating talks to resolve a
multi-billion-dollar dispute with the European Union over solar
panels, pushing both sides closer to placing punitive tariffs on
each others’ exports and risking a trade war.
The newly appointed chief of China’s Communist Party Xi
Jinping is set to take over the presidency at a national
congress in March. But the full line-up of government officials
is not yet in place and China’s current commerce minister is
likely to step down after what some have said was a political
snub at the Party’s congress in November.
BRUSSELS, Feb 18 (Reuters) – European Central Bank President
Mario Draghi sought to take the heat out of a debate about
currency wars on Monday but said the ECB would still have to
assess the economic impact of the euro’s strength.
The euro hit a 15-month high against the dollar
earlier this month, complicating the ECB’s policy-making tasks
by weighing on growth and feeding expectations that it may have
to take fresh policy action, which some ECB members oppose.
BRUSSELS (Reuters) – The euro’s exchange rate is not a policy target for the European Central Bank but it does pose a “downside risk” to inflation that the ECB will have to assess, ECB President Mario Draghi said on Monday.
The euro hit a 15-month high against the dollar earlier this month, complicating the ECB’s policy-making tasks by weighing on growth and feeding expectations that it may have to take fresh policy action, which some ECB members oppose.
BRUSSELS (Reuters) – France called on Monday for coordinated action by the world’s major economies to counter the strength of the euro and avoid damaging an economic recovery, but Europe’s finance ministers said it was up to markets to decide the currency’s value.
French President Francois Hollande last week raised the possibility of political interference in exchange rate policy when he called for a medium-term target for the euro’s value, a move to counter its recent appreciation.
BRUSSELS, Feb 11 (Reuters) – France insisted on Monday that
euro zone finance officials should discuss the rising strength
of the euro, but several ministers played down the issue and the
G7 was expected to call for “market-determined” exchange rates.
French President Francois Hollande last week raised the
possibility of political interference in exchange rate policy
when he called for a medium-term target for the euro’s value, a
move to counter its recent appreciation.
BRUSSELS (Reuters) – A small passenger plane crashed at Belgium’s Charleroi airport on Saturday, killing five people and closing the international hub used by Ryanair for six hours just as thousands of people were due to go away on holiday.
The aircraft, a Cessna, had problems on takeoff and tried to return to Charleroi to make an emergency landing but crashed on the side of the runway, airport officials said.