Euro Zone

Euro Zone coverage from Reuters.

Business News13 hours ago

FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau delivers a speech to open a conference entitled "Bretton Woods: 75 years later" in Paris, France, July 16, 2019. REUTERS/Philippe Wojazer

Euro zone countries should consider easing taxes or boosting investment to support growth if their finances allow, ECB policymaker Francois Villeroy de Galhau said on Tuesday, singling out Germany and the Netherlands.

Business News15 hours ago

FILE PHOTO: Andrea Enria, chairperson of the European Banking Authority, speaks at Reuters Summit interview in London, Britain, September 25, 2017. REUTERS/Afolabi Sotunde

The European Central Bank's chief supervisor expressed concern on Tuesday that European banks were not taking full advantage of favorable markets to issue more debt, especially the type that can be used to soak up losses.

World News16 hours ago

FILE PHOTO: Irish Foreign Minister Simon Coveney attends a conference in Paris, France, August 28, 2019. REUTERS/Benoit Tessier/File Photo

Ireland wants a deal on an orderly British exit from the European Union but Britain has so far failed to come up with a written plan, Irish foreign minister Simon Coveney said on Tuesday.

World Newsa day ago

British Prime Minister Boris Johnson leaves after a meeting with Luxembourg's Prime Minister Xavier Bettel in Luxembourg, September 16, 2019. REUTERS/Yves Herman/File Photo

Prime Minister Boris Johnson on Monday said he would obey the law but would still take Britain out of the European Union at the end of October with or without a deal.

World News2 days ago

British Prime Minister Boris Johnson was booed by protesters in Luxembourg as he arrived for a meeting with his counterpart Xavier Bettel on Monday (September 16). Rough cut (no reporter narration)

British Prime Minister Boris Johnson was booed on Monday by protesters after talks with his counterpart in Luxembourg, putting off a briefing with reporters due to the protests.

World News2 days ago

British Prime Minister Boris Johnson leaves after a meeting with Luxembourg's Prime Minister Xavier Bettel in Luxembourg, September 16, 2019. REUTERS/Yves Herman

There is the good shape of a Brexit deal but it is not necessarily "in the bag", British Prime Minister Boris Johnson said on Monday following a meeting with European Commission President Jean-Claude Juncker in Luxembourg.

World News2 days ago

Luxembourg's Prime Minister Xavier Bettel and British Prime Minister Boris Johnson leave after a meeting in Luxembourg, September 16, 2019. REUTERS/Yves Herman

Luxembourg Prime Minister Xavier Bettel lashed out at British Prime Minister Boris Johnson on Monday for failing to propose serious alternatives to unlock a Brexit deal before the Oct.31 divorce date and seeking to blame the bloc for the "nightmare".

World News2 days ago

Smoke and steam billows a coal-fired power plant near Belchatow, Poland November 28, 2018. REUTERS/Kacper Pempel

Germany wants to cap the European Union's next budget for 2021-27 at 1% of the continent's economy, a scenario that would still see Berlin contribute some 10 billion euros more every year, according to a document seen by Reuters.

World News2 days ago

British Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker leave after their meeting in Luxembourg, September 16, 2019. REUTERS/Yves Herman

European Commission President Jean-Claude Juncker told British Prime Minister Boris Johnson on Monday he must present workable proposals to replace the Brexit backstop in their stalled divorce deal, which the executive said had still not been made.

Business News2 days ago

FILE PHOTO: European Union Budget Commissioner Guenther Oettinger holds a news conference to present the EU executive's final proposal for the bloc's next long-term budget, in Brussels, Belgium, May 2, 2018. REUTERS/Francois Lenoir

The European Union risks not being able to tackle the economic challenges it faces if it does not agree on a long-term budget by the end of the year, the bloc's top budget official Guenther Oettinger said on Monday.

Technology News2 days ago

EU Commissioner-designate for Economy Paolo Gentiloni poses for a photo during a seminar of the new European Commission designated executives at the Chateau du Lac hotel in Genval, Belgium, September 12, 2019. REUTERS/Francois Lenoir

The European Union plans to introduce a tax on digital services even in the absence of a global accord on a so-called 'web tax', the Commissioner-designate for Economic Affairs Paolo Gentiloni was quoted as saying on Monday.

Brexit2 days ago

FILE PHOTO: A cyclist rides past an electronic billboard displaying a British government Brexit information awareness campaign advertisement in London, Britain, September 11, 2019. REUTERS/Toby Melville.

Britain's exit from the European Union without a divorce agreement would be a disaster and must be ruled out, Europe's biggest business organisation said on Monday, as EU officials warn this worst-case scenario is increasingly likely.

World News3 days ago

The Northern Ireland party whose 10 members of parliament support British Prime Minister Boris Johnson's government believe a deal can be done in the coming weeks to maintain an open border in Ireland, a senior member said on Sunday.

Business News4 days ago

FILE PHOTO - Finance ministers and delegates pose for a family photo of the informal meeting of ministers for economic and financial affairs (ECOFIN) and Eurogroup in Helsinki, Finland, 13 September 2019. Emmi Korhonen via REUTERS

European Union finance ministers backed on Saturday a simplification of the EU's fiscal rules to make them more transparent and predictable, but more work is needed before any changes are agreed, a senior European Commission official said.

Business News5 days ago

FILE PHOTO - European Stability Mechanism Managing Director Klaus Regling speaks during the 23rd Economist Roundtable with the Government of Greece on "Europe: leaving indecisiveness behind?", in Lagonissi, near Athens, Greece, July 16, 2019. REUTERS/Alkis Konstantinidis

The head of the euro zone's bailout fund, Klaus Regling, said on Friday he supported a Greek plan for the early repayment of part of the expensive loans the country got from the International Monetary Fund during the sovereign debt crisis.

World News5 days ago

FILE PHOTO: A sign is displayed outside a Sainsbury's store in London, Britain December 3, 2015.  REUTERS/Neil Hall/File Photo

A no-deal Brexit would "inevitably disrupt" fresh food supplies in Britain because delays at ports would throw just-in-time deliveries into chaos, the chief executive of supermarket group Sainsbury's <SBRY.L> said on Friday.

World News5 days ago

Flags flutter outside the Houses of Parliament, in London, Britain, September 4, 2019. REUTERS/Hannah McKay

EU and British Brexit negotiators will continue talks next week, a UK government spokeswoman said on Friday after the latest round of talks in Brussels.

World News5 days ago

European Union negotiators are very concerned by the idea of handing Northern Ireland's devolved government the right to approve future regulatory changes as a part of finding a Brexit compromise, Ireland's foreign minister said on Friday.

World News5 days ago

Irish Prime Minister Leo Varadkar said he was not sure his British counterpart Boris Johnson would be able to make the compromises necessary to get a Brexit deal that would win enough support from UK lawmakers to ratify it.

Business News5 days ago

FILE PHOTO: Eurogroup President Mario Centeno arrives at the European Union leaders summit in Brussels, Belgium, June 21, 2019. REUTERS/Piroschka van de Wouw/File Photo

The Eurogroup of euro zone finance ministers launched on Friday the process to replace Benoit Coeure on the board of the European Central Bank when his mandate ends in December, the group's chair Mario Centeno said on Friday.

Business News13 hours ago

FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau delivers a speech to open a conference entitled "Bretton Woods: 75 years later" in Paris, France, July 16, 2019. REUTERS/Philippe Wojazer

Euro zone countries should consider easing taxes or boosting investment to support growth if their finances allow, ECB policymaker Francois Villeroy de Galhau said on Tuesday, singling out Germany and the Netherlands.

Business News15 hours ago

FILE PHOTO: Andrea Enria, chairperson of the European Banking Authority, speaks at Reuters Summit interview in London, Britain, September 25, 2017. REUTERS/Afolabi Sotunde

The European Central Bank's chief supervisor expressed concern on Tuesday that European banks were not taking full advantage of favorable markets to issue more debt, especially the type that can be used to soak up losses.

World News16 hours ago

FILE PHOTO: Irish Foreign Minister Simon Coveney attends a conference in Paris, France, August 28, 2019. REUTERS/Benoit Tessier/File Photo

Ireland wants a deal on an orderly British exit from the European Union but Britain has so far failed to come up with a written plan, Irish foreign minister Simon Coveney said on Tuesday.

World Newsa day ago

British Prime Minister Boris Johnson leaves after a meeting with Luxembourg's Prime Minister Xavier Bettel in Luxembourg, September 16, 2019. REUTERS/Yves Herman/File Photo

Prime Minister Boris Johnson on Monday said he would obey the law but would still take Britain out of the European Union at the end of October with or without a deal.

World News2 days ago

British Prime Minister Boris Johnson was booed by protesters in Luxembourg as he arrived for a meeting with his counterpart Xavier Bettel on Monday (September 16). Rough cut (no reporter narration)

British Prime Minister Boris Johnson was booed on Monday by protesters after talks with his counterpart in Luxembourg, putting off a briefing with reporters due to the protests.

World News2 days ago

British Prime Minister Boris Johnson leaves after a meeting with Luxembourg's Prime Minister Xavier Bettel in Luxembourg, September 16, 2019. REUTERS/Yves Herman

There is the good shape of a Brexit deal but it is not necessarily "in the bag", British Prime Minister Boris Johnson said on Monday following a meeting with European Commission President Jean-Claude Juncker in Luxembourg.

World News2 days ago

Luxembourg's Prime Minister Xavier Bettel and British Prime Minister Boris Johnson leave after a meeting in Luxembourg, September 16, 2019. REUTERS/Yves Herman

Luxembourg Prime Minister Xavier Bettel lashed out at British Prime Minister Boris Johnson on Monday for failing to propose serious alternatives to unlock a Brexit deal before the Oct.31 divorce date and seeking to blame the bloc for the "nightmare".

World News2 days ago

Smoke and steam billows a coal-fired power plant near Belchatow, Poland November 28, 2018. REUTERS/Kacper Pempel

Germany wants to cap the European Union's next budget for 2021-27 at 1% of the continent's economy, a scenario that would still see Berlin contribute some 10 billion euros more every year, according to a document seen by Reuters.

World News2 days ago

British Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker leave after their meeting in Luxembourg, September 16, 2019. REUTERS/Yves Herman

European Commission President Jean-Claude Juncker told British Prime Minister Boris Johnson on Monday he must present workable proposals to replace the Brexit backstop in their stalled divorce deal, which the executive said had still not been made.

Business News2 days ago

FILE PHOTO: European Union Budget Commissioner Guenther Oettinger holds a news conference to present the EU executive's final proposal for the bloc's next long-term budget, in Brussels, Belgium, May 2, 2018. REUTERS/Francois Lenoir

The European Union risks not being able to tackle the economic challenges it faces if it does not agree on a long-term budget by the end of the year, the bloc's top budget official Guenther Oettinger said on Monday.

Technology News2 days ago

EU Commissioner-designate for Economy Paolo Gentiloni poses for a photo during a seminar of the new European Commission designated executives at the Chateau du Lac hotel in Genval, Belgium, September 12, 2019. REUTERS/Francois Lenoir

The European Union plans to introduce a tax on digital services even in the absence of a global accord on a so-called 'web tax', the Commissioner-designate for Economic Affairs Paolo Gentiloni was quoted as saying on Monday.

Brexit2 days ago

FILE PHOTO: A cyclist rides past an electronic billboard displaying a British government Brexit information awareness campaign advertisement in London, Britain, September 11, 2019. REUTERS/Toby Melville.

Britain's exit from the European Union without a divorce agreement would be a disaster and must be ruled out, Europe's biggest business organisation said on Monday, as EU officials warn this worst-case scenario is increasingly likely.

World News3 days ago

The Northern Ireland party whose 10 members of parliament support British Prime Minister Boris Johnson's government believe a deal can be done in the coming weeks to maintain an open border in Ireland, a senior member said on Sunday.

Business News4 days ago

FILE PHOTO - Finance ministers and delegates pose for a family photo of the informal meeting of ministers for economic and financial affairs (ECOFIN) and Eurogroup in Helsinki, Finland, 13 September 2019. Emmi Korhonen via REUTERS

European Union finance ministers backed on Saturday a simplification of the EU's fiscal rules to make them more transparent and predictable, but more work is needed before any changes are agreed, a senior European Commission official said.

Business News5 days ago

FILE PHOTO - European Stability Mechanism Managing Director Klaus Regling speaks during the 23rd Economist Roundtable with the Government of Greece on "Europe: leaving indecisiveness behind?", in Lagonissi, near Athens, Greece, July 16, 2019. REUTERS/Alkis Konstantinidis

The head of the euro zone's bailout fund, Klaus Regling, said on Friday he supported a Greek plan for the early repayment of part of the expensive loans the country got from the International Monetary Fund during the sovereign debt crisis.

World News5 days ago

FILE PHOTO: A sign is displayed outside a Sainsbury's store in London, Britain December 3, 2015.  REUTERS/Neil Hall/File Photo

A no-deal Brexit would "inevitably disrupt" fresh food supplies in Britain because delays at ports would throw just-in-time deliveries into chaos, the chief executive of supermarket group Sainsbury's <SBRY.L> said on Friday.

World News5 days ago

Flags flutter outside the Houses of Parliament, in London, Britain, September 4, 2019. REUTERS/Hannah McKay

EU and British Brexit negotiators will continue talks next week, a UK government spokeswoman said on Friday after the latest round of talks in Brussels.

World News5 days ago

European Union negotiators are very concerned by the idea of handing Northern Ireland's devolved government the right to approve future regulatory changes as a part of finding a Brexit compromise, Ireland's foreign minister said on Friday.

World News5 days ago

Irish Prime Minister Leo Varadkar said he was not sure his British counterpart Boris Johnson would be able to make the compromises necessary to get a Brexit deal that would win enough support from UK lawmakers to ratify it.

Business News5 days ago

FILE PHOTO: Eurogroup President Mario Centeno arrives at the European Union leaders summit in Brussels, Belgium, June 21, 2019. REUTERS/Piroschka van de Wouw/File Photo

The Eurogroup of euro zone finance ministers launched on Friday the process to replace Benoit Coeure on the board of the European Central Bank when his mandate ends in December, the group's chair Mario Centeno said on Friday.

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