Euro Zone

Euro Zone coverage from Reuters.

Brexitan hour ago

Britain's Prime Minister Theresa May is shown in this officially released photograph with her Brexit 'War Cabinet' for an away-day meeting at Chequers near Aylesbury, Britain, February 22, 2018. Picture taken February 22, 2018. Jay Allen/MoD/Handout via 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".

Business News4 hours ago

FILE PHOTO: Bank of England Deputy Governor Dave Ramsden speaks at the 'Future Forum 2017' event in St George's Hall, Liverpool, Britain November 16, 2017. REUTERS/Phil Noble/File Photo

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.

Business News10 hours ago

FILE PHOTO: Daniele Nouy, chair of the Supervisory Board of the European Central Bank, speaks at a Thomson Reuters newsmaker event at Canary Wharf in London November 28, 2014. REUTERS/Neil Hall/File Photo

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.

Brexita day ago

Belgian Prime Minister Charles Michel sits between French President Emmanuel Macron and Germany's Chancellor Angela Merkel during a dinner with European Union leaders at Val Duchesse castle in Brussels, Belgium, February 22, 2018. Chancellerie du Premier ministre/Belgian Prime Minister Office/Handout via REUTERS

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.

World Newsa day ago

French President Emmanuel Macron talks with European Commission President Jean-Claude Juncker during a European Union leaders informal summit in Brussels, Belgium, February 23, 2018. REUTERS/Yves Herman

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.

World Newsa day ago

European Council President Donald Tusk and European Commission President Jean-Claude Juncker arrive to address a joint news conference during a European Union leaders informal summit in Brussels, Belgium, February 23, 2018. REUTERS/Francois Lenoir

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.

World Newsa day ago

Germany's Chancellor Angela Merkel gives a statement after a European Union leaders informal summit in Brussels, Belgium February 23, 2018. REUTERS/Eric Vidal

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.

World Newsa day ago

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.

World Newsa day ago

European Council President Donald Tusk and European Commission President Jean-Claude Juncker arrive to address a joint news conference during a European Union leaders informal summit in Brussels, Belgium, February 23, 2018. REUTERS/Francois Lenoir

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.

World Newsa day ago

FILE PHOTO - European Council President Donald Tusk delivers a media statement at the Chancellery in Vienna, Austria, February 13, 2018. REUTERS/Heinz-Peter Bader

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.

World Newsa day ago

FILE PHOTO - Britain's Prime Minister Theresa May and European Council President Donald Tusk meet at the European Council in Brussels, Belgium, December 8, 2017. REUTERS/Eric Vidal

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.

Brexita day ago

Eloise Todd, CEO of Best for Britain, poses for a photo at their offices in London, Britain February 22, 2018. Picture taken February 22, 2018. REUTERS/Peter Summers

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.

Environmenta day ago

FILE PHOTO: Britain's Secretary of State for Environment, Food and Rural Affairs Michael Gove leaves 10 Downing Street in London, January 16, 2018. REUTERS/Hannah McKay/File Photo

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.

World Newsa day ago

Hungarian Prime Minister Viktor Orban speaks during a joint news conference with Bulgaria's Prime Minister Boyko Borissov in Sofia, Bulgaria, February 19, 2018. REUTERS/Stoyan Nenov

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.

Big Story 10a day ago

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.

World News2 days ago

Britain's finance minister Philip Hammond leaves 11 Downing Street in London, Britain, February 21,2018. REUTERS/Peter Nicholls

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".

World News2 days ago

Poland's Prime Minister Mateusz Morawiecki arrives at a European Union leaders informal summit in Brussels, Belgium, February 23, 2018. REUTERS/Francois Lenoir

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.

World News2 days ago

An official takes a photograph through flags at a European Union heads of state informal meeting in Brussels, Belgium February 23, 2018. REUTERS/Francois Lenoir

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.

Commentary2 days ago

Stranded British and French soldiers captured by Nazi troops after the 1940 evacuation from Dunkirk. Winston Churchill cautioned Britons against seeing the operation as a victory. Courtesy Imperial War Museum

“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.

Business News2 days ago

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.

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