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European Parliament plenary session State of the Union in Brussels

EU must complete banking and capital markets union: EU executive

The European Union should not withdraw fiscal support to the economy still reeling from the COVI-19 pandemic and must complete its banking and capital markets union projects to make it more resilient, European Commission head Ursula von der Leyen said in a speech on Wednesday.

The stand of German car manufacturer Audi is reflected in the ceiling...

Euro zone economic recovery in danger as services slide

Euro zone business growth ground to a halt this month, throwing the economic recovery into question, as fresh restrictions to quell a resurgence in coronavirus infections slammed the services industry into reverse, a survey showed on Wednesday.

The coronavirus disease (COVID-19) outbreak in Germany

Euro zone rebounds from recession but clouds gather

Europe appears to have weathered a pandemic-induced recession better than many feared, a slew of indicators suggested on Tuesday, but prospects for a second wave of infections and a hard Brexit are once again raising talk of more stimulus.

FILE PHOTO: ECB headquarters in Frankfurt

ECB wants to cut reporting burden for banks

The European Central Bank wants to simplify reporting requirements for banks, it said on Monday, responding to the industry's long standing criticism that supervision is unnecessarily cumbersome and expensive.

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