EU ministers seek resolution on who pays if banks fail
BRUSSELS (Reuters) - European Union finance ministers are under pressure to agree who pays for failing banks after failing to reach a deal last week, with Germany and France at...
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Euro ministers to decide direct bank recapitalization rules on Thursday
BRUSSELS (Reuters) - Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone...
ESM to limit direct bank recap at 50-70 billion euros: document
BRUSSELS (Reuters) - The euro zone's ESM bailout fund is likely to set a cap on the amount of money it can use for direct bank recapitalization at between 50...
Latvia to get green light for euro zone membership on Wednesday
BRUSSELS (Reuters) - The European Commission will give Latvia on Wednesday the go-ahead to become the 18th member of the euro zone from the start of next year, European Union...
EU shifts policy focus in quest for growth
BRUSSELS (Reuters) - After three years of deep spending cuts, the European Union confirmed a shift in policy on Wednesday, telling countries they must focus on structural economic reforms to...
EU to move spotlight from austerity to reforms on Wednesday
BRUSSELS (Reuters) - The European Commission will further shift the EU's policy focus from austerity to structural reforms to revive growth when it presents economic recommendations for each member state...
G20 urges EU to complete banking union fast, Germany digs in heels
WASHINGTON (Reuters) - World financial leaders urged the European Union on Friday to quickly complete its banking union to help growth, but Germany stood firm that the next step toward...
No law change needed or wanted for bank union completion: EU officials
WASHINGTON (Reuters) - The European Union can and should go ahead with setting up a system for winding down banks without trying to change EU law to give the bank...
EU promises less austerity as G20 debates debt
WASHINGTON (Reuters) - The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, a top EU official said on Thursday, highlighting a policy shift the United States...
Exclusive: G20 to consider cutting debt to well below 90 percent/GDP: document
DUBLIN (Reuters) - Financial leaders of the world's 20 biggest economies will consider next week in Washington a proposal to cut their public debt over the longer term to well...