Euro Zone

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ECB faces test of its own as Europe braces for landmark banking review

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FRANKFURT - After putting the euro zone's top 130 banks through their paces, the European Central Bank will face a test of its own on Sunday - will its landmark health check succeed in convincing investors the region's lenders are safe?

Merkel voices support for Draghi after report of tensions

BERLIN - German Chancellor Angela Merkel thanked ECB President Mario Draghi for spelling out to leaders at an EU summit that governments must play a role in boosting the faltering euro zone economy, and said it was their firm intention to do so.

24 Oct 2014

ECB's Draghi urges joint euro zone effort to avert recession

BRUSSELS - European Central Bank President Mario Draghi urged euro zone leaders at a summit on Friday to make a joint effort combining structural reforms, investment, budget discipline and stimulating demand to avoid "a relapse into recession".

24 Oct 2014

Europe's banks face moment of truth from ECB review

LONDON/FRANKFURT - The euro zone's 130 biggest banks received the European Central Bank's final verdict on their finances on Thursday after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector.

23 Oct 2014

Big bang, not big bucks, the key for euro zone bank lending

DUBLIN/FRANKFURT - If the European Central Bank really wants to kick-start the euro zone economy, it should ensure the bloc's banks are up to the task of lending.

23 Oct 2014

Business activity improves in China, euro zone but little sign of turnaround

LONDON/BEIJING - Euro zone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster but there were worrying signs that the upturn could be short-lived.

23 Oct 2014

Euro zone business growth unexpectedly gains pace, prices still falling: PMI

LONDON - Euro zone businesses performed much better than anyone expected this month but did so by slashing prices again, and optimism about the future fell to its lowest level in over a year, surveys showed on Thursday.

23 Oct 2014

Credibility meets compromise in Europe's bank stress test

LONDON - When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial crisis.

20 Oct 2014

Credibility meets compromise in Europe's bank stress test

LONDON - When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial crisis.

19 Oct 2014

Merkel urges EU to keep up reforms as crisis not over

BERLIN - German Chancellor Angela Merkel told parliament on Thursday that Europe must push ahead with efforts to cut public deficits and improve competitiveness because the euro zone debt crisis has not yet been overcome and its causes have not been eliminated.

World, 16 Oct 2014
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Poland bids to reclaim forgotten past as haven for Jews

WARSAW - Poland, the country on whose soil Nazi Germany carried out the darkest acts of the Holocaust, is starting to re-connect with its other role in Jewish history, as a home for 1,000 years to one of the world's biggest Jewish communities.

Paris's Picasso museum reopens after 5-year renovation

PARIS - The Picasso Museum in Paris reopened on Saturday after a five-year closure for a costly renovation with President Francois Hollande urging crisis-hit France to draw inspiration from the Spanish painter.

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Protesters march against Renzi labor reforms in Rome

ROME - Demonstrators from across Italy filled the streets of Rome on Saturday to protest against labor market reforms which the government of Prime Minister Matteo Renzi has made a cornerstone of its policy.

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