Euro Zone coverage from Reuters.
Prime Minister Theresa May will outline her wishes for Britain's post-Brexit ties with the European Union next week after winning support from key ministers, although European Council President Donald Tusk on Friday called the ideas floated so far "pure illusion".
The Bank of England might need to raise British interest rates somewhat sooner than Deputy Governor Dave Ramsden had expected if wage growth picks up early this year, according to a newspaper interview released on Saturday.
Greek banks need to do more to reduce their very high stock of non-performing loans (NPLs), the European Central Bank's chief supervisor Daniele Nouy was reported as saying in an interview published by To Vima newspaper on Saturday.
European Union leaders staked out opening positions on Friday for a battle over EU budgets that many conceded they are unlikely to resolve before Britain leaves next year, blowing a hole in Brussels' finances.
European Union leaders rejected on Friday a push to have the head of the EU's executive European Commission determined by voting in elections to the European Parliament, or to merge that job with that of the chairman of EU summits.
Poland's ruling party must do everything it can to stop anti-Semitic remarks that are hurting Poland's standing in the world and putting its interests at risk, European Council President Donald Tusk told a news conference on Friday.
German Chancellor Angela Merkel and French President Emmanuel Macron hoped world powers would agree a Syria ceasefire on Friday after they asked Russian President Vladimir Putin to back a corresponding U.N. Security Council resolution.
European Council President Donald Tusk on Friday dismissed as "pure illusion" the ideas floated by Britain so far on what sort of relationship it would want with the European Union after it leaves the bloc.
European Union leaders agreed on Friday to spend more on common defense and security policy, as well as on "fighting illegal migration" in their next long-term budget after Britain leaves the bloc, the chairman of EU leaders, Donald Tusk, said.
European Council President Donald Tusk said on Friday he expected the 27 European Union leaders to adopt their joint stance on the bloc's post-Brexit ties with Britain in March, regardless of whether London provides input.
European Council President Donald Tusk will meet Theresa May next Thursday, his press service said, a day before the British prime minister is due to deliver a speech to outline London's vision of post-Brexit ties with the EU.
Opponents of Britain's exit from the European Union are preparing a major campaign they say now has close to a 50:50 chance of stopping Brexit by blocking Prime Minister Theresa May's divorce deal, a leading pro-EU campaigner said.
A top European Union official scoffed at Britain's environment minister, the Brexit campaigner Michael Gove, for suggesting leaving the EU will make it easier for London to pass green legislation like banning plastic drinking straws.
Hungary wants at least half of the more than 1 billion euros ($1.2 billion) it has spent on border protection to be reimbursed from European Union funds, Prime Minister Viktor Orban said on Friday.
Greece gave the green light to its gaming committee to launch a tender for a new casino license, removing another obstacle for a major tourism project in Athens, which is a key conditionality of the country's international bailout.
British finance minister Philip Hammond said on Friday that talks the previous evening to soothe Brexit differences within Prime Minister Theresa May's government had been "positive and constructive".
Poland has won a breathing space in its long-running battle with the European Union over the rule of law, pending the outcome of "sensitive talks" between Warsaw and Brussels, diplomats and officials say.
European Union leaders meet in Brussels on Friday for an informal summit to discuss the future post-Brexit budget and other issues, such as how to determine the next European Commission president and what to do with Britain's seats in the European Parliament.
“Darkest Hour,” the film portraying Winston Churchill as he takes the helm in a country teetering on the edge of submission to Nazi Germany, has been nominated for six Oscars, including for best leading actor and picture. The movie plays to a deep national sentiment that Britain can snatch victory from the jaws of defeat, portraying the ignominious evacuation of British forces at Dunkirk in 1940 as a triumph. In fact, the real takeaway is precisely the opposite.
Banks in the European Union will have eight years to write down bad debts backed by collateral under proposals from the European Commission designed to tackle their 759 billion euros ($933.19 billion) in soured loans, a source familiar with the matter said on Friday.