Economics,Politics
Strong exports, slight wage rises offer euro zone hope
17.12.2012 14:34
(Reuters) - Euro zone exports jumped in October and wages grew only moderately in the third quarter, in the latest signs that the indebted bloc is regaining its competitive edge.
The euro zone's trade balance with the rest of the world swung to a 10.2 billion euro ($13...
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Wait for Angela
14.12.2012 13:18
The Economist: In Europe it will be Germany that calls the tune, says John Peet
The euro crisis has become a misnomer: the word “crisis” refers to a decisive moment or turning-point, which the euro never seems to reach. The single currency’s complaint is more like a chronic illness that is...
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Claudio Borio on the financial cycle
14.12.2012 13:15
TheEconomist: CLAUDIO BORIO is one of the world’s most provocative and interesting monetary economists. Based at the Bank for International Settlements in Basel, Mr Borio was one of a handful of people who warned of the financial system’s fragility back in 2003. Now he is out with a new working...
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No deal, but no drama
14.12.2012 13:11
The Economist: AFTER two days of bargaining and grandstanding, Europe's leaders could not agree on their next seven-year budget on November 23rd. It is a pity, though not unexpected, that there was no deal. The EU could do with a show of decisiveness for once. What is important, though, is...
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French public sector surveys point to lasting downturn
14.12.2012 12:48
(Reuters) - France's private sector slumped for the 10th month in December, suggesting the economy will end the year in decline, while tumbling demand pointed to a lengthy downturn, surveys suggested on Friday.
The Markit/CDAF flash composite purchasing managers' index (PMI) came out...
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Italy's Monti faces pressure to run in election
14.12.2012 12:46
(Reuters) - Italian Prime Minister Mario Monti faced increasing pressure on Thursday to stand as a candidate in next year's election after Silvio Berlusconi's surprise offer to drop his bid for a fifth term as premier.
At a meeting of the European People's Party in Brussels, an...
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Germany's Merkel sets limits on euro zone risk-sharing
14.12.2012 12:45
(Reuters) - European leaders agreed on Friday to press on with further steps to tackle their debt crisis but German Chancellor Angela Merkel threw out a proposal to boost risk-sharing with a fund to helpeuro zone states in trouble.
Germany's rejection of an idea strongly backed...
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Europe deepens union with ECB as chief bank watchdog
13.12.2012 10:38
(Reuters) - Europe clinched a deal on Thursday to give the European Central Bank new powers to supervise euro zone banks from 2014, embarking on the first step in a new phase of closer integration to help underpin the euro.
After more than 14 hours of talks and following...
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Banking deal sets EU leaders up for upbeat end to 2012
13.12.2012 10:35
(Reuters) - The European Union reached a landmark deal on Thursday to make the European Central Bank the bloc's top banking supervisor, giving EU leaders greater confidence that they are gaining the upper hand over the euro zone's debt crisis.
EU finance ministers forged a...
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Fed ties rates to jobs recovery, adds to stimulus
13.12.2012 10:34
(Reuters) - The U.S. Federal Reserve, announcing a new round of monetary stimulus, took the unprecedented step on Wednesday of indicating interest rates would remain near zero until unemployment falls to at least 6.5 percent.
It was the latest in a series of unorthodox measures taken...
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