Top officials call to overhaul euro institutions
Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region ...
Merkel, Hollande at odds over Europe's way forward
Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of ...
Euro ministers urge troubled Slovenia to act
European finance ministers on Monday urged Slovenia to move swiftly in addressing the problems in its banking sector and get its public finances under ...
Europe at odds over next steps to banking union
European leaders are increasingly at odds over how to create a full-fledged banking union, the bloc's key project to stabilize its financial system ...
French finance chief hails easing off austerity
French Finance Minister Pierre Moscovici on Tuesday hailed the European Union's decision to grant his country more time to tackle its deficit as a ...
ECB, Germany at odds over banking union set-up
The European Central Bank and Germany, the bloc's biggest economy, are at odds over how to set up the banking union that is meant to stabilize the ...
Germany to help promote investment in Spain
Spain and Germany say they are setting up a joint program to promote investment in small and medium enterprises in Spain in a bid to reduce the ...
Spain slashes forecasts and delays deficit targets
Spain slashed its economic forecasts Friday and said it would take two years longer than promised to cut its swollen deficit in an acknowledgement ...
Top ECB official cautions: rate cuts have costs
A top European Central Bank official warned Thursday that another interest rate cut might not be much help for eurozone countries in recession — ...
German finance minister digs in on austerity
Germany's finance minister is insisting that Europe can't spend its way out of its economic problems — digging in against mounting criticism of the ...
ECB's Draghi urges speedy banking union
European Central Bank President Mario Draghi urged the 17 countries that use the euro to move swiftly toward completing a full banking union to ...
Greece, Germany bicker over war reparations issue
A long-standing debate over whether Germany still owes Greece war reparations stemming from the Nazi occupation erupted anew Thursday in a spat ...
US Treasury chief urges EU to ease off austerity
European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked ...
Financial hub Luxembourg under increased scrutiny
As the European Union's wealthiest country, Luxembourg could have been forgiven for thinking that it would never find itself on the bloc's financial ...
Poll: Germans back Merkel's crisis management
A new poll shows Germans widely approve of Chancellor Angela Merkel's crisis management following a bailout deal for Cyprus, suggesting it remains a ...
Bank of Cyprus big savers to lose up to 60 percent
Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue ...
A look at Dijsselbloem, the new 'Mr Euro'
Two weeks ago, few people outside the Netherlands had heard of Jeroen Dijsselbloem, the Dutch politician instrumental in negotiating Cyprus' bailout.
Tiny Luxembourg defends its large financial sector
Luxembourg defended the huge size of its financial sector from criticism Wednesday after Cyprus' messy bailout deal dragged other tiny economies with ...
Piraeus to pay $678 million for Cypriot bank units
Greece's Piraeus Bank reached an agreement Tuesday to buy the Greek operations of three Cypriot banks for 524 million euros ($678 million), as stock ...
Cyprus in limbo after rejecting bank seizures plan
Lawmakers in Cyprus decisively rejected a plan on Tuesday to seize up to 10 percent of people's bank deposits in order to secure an international ...
Germany warns Cyprus banks may never reopen
Germany's finance minister has warned that it is unclear whether the banks in Cyprus will ever be able to open again. Banks in Cyprus have been shut ...
Cypriots' president defends bailout deal
Cyprus' president said Saturday that the decision to force bank depositors to share the burden of a €10 billion ($13 billion) bailout package from its ...
German gov't: no new borrowing from 2015
Germany's Cabinet approved a draft budget proposal Wednesday that foresees the government getting by without new borrowing from 2015 — a plan hailed ...
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