FRANKFURT - The planned rules for winding down failing banks in the euro zone seem overly complex and could slow down the process, European Central Bank Executive Board member Joerg Asmussen was quoted as saying on Wednesday.
BRUSSELS - Ukraine's First Deputy Prime Minister Serhiy Arbuzov will meet a top European Union official in Brussels on Thursday to discuss a trade pact that Ukraine's president last month backed away from signing, provoking a political crisis.
LONDON - The 11 European Union countries that have pledged to tax financial transactions will consider narrowing the levy's scope to shield pensions, government debt and markets that help to grease the economy, an EU document shows.
RIGA - Latvia is likely to enter the euro zone in January without a permanent government, but that should not affect the changeover to the euro, Latvia's president said on Wednesday, after talks among political parties failed to produce a new prime minister.
NAIROBI - The European Union has offered to increase counter-terrorism support to Kenya after the Westgate mall attack in which gunmen from a Somali Islamist group killed at least 67 people in Nairobi, a senior EU official said on Wednesday.
LONDON - The European Central Bank has not ruled out further moves to help the euro zone but they are not needed for the moment, one of the bank's top policymakers, Benoit Coeure, said on Wednesday.
BRUSSELS - The European Union should stop funding Palestinian civil servants in the Gaza Strip because money is going to officials who do not work, European auditors said on Wednesday.
FRANKFURT - There is no shortage of ECB-eligible collateral in any euro zone country meaning that banks could easily increase their use of its funding if they so wished, ECB Vice-President, Vitor Constancio, said on Wednesday.
LONDON - The 11 European Union countries that have pledged to tax financial transactions will consider excluding several key markets from the levy's scope, an EU document showed.
KIEV - Ukraine has asked the European Union to provide it with 20 billion euros ($27.54 billion) in aid, Prime Minister Mykola Azarov was quoted as saying on Wednesday.
MSZANA, Poland - When Poland started handing out billions of euros worth of contracts for a wave of road-building five years ago, everyone was meant to benefit. But a project that should have been a bonanza for Europe has turned into "a slaughter house for Polish and European firms". Full Article
PARIS - If European policy elites could choose the next head of the EU's executive, Pascal Lamy, the Frenchman who stepped down as head of the World Trade Organisation in July, would be near the top of most people's list. Full Article