Italy faces bond sale test after Moody's downgrade
MILAN - Italy's auction of up to 5.25 billion euros in bonds on Friday looks altogether more testing after Moody's cut its rating on the euro zone's third-largest economy to just two notches above junk status.
IMF says finds policy delays in Greek program
WASHINGTON - The International Monetary Fund said on Thursday it had found policy delays in a number of areas of the Greek bailout program and was open to ideas on how to reach the key objectives of the economic package.
ECB signals readiness to act as banks sit on cash
FRANKFURT/VIENNA - European Central Bank policymakers held out the possibility on Thursday of taking further measures to boost the flagging euro zone economy after a cut in their deposit rate to zero showed no sign of jolting banks into lending out more money.
ECB can cut interest rates further if needed: Knot
FRANKFURT - There is nothing to stop the European Central Bank cutting its main interest rate below 0.75 percent if the euro zone's economy continues to deteriorate, ECB policymaker Klaas Knot said in a newspaper interview released on Thursday.
Inflation to hit target earlier than expected: ECB's Draghi
CASABLANCA - Inflation in the euro zone is slowing faster than forecast while bank lending conditions should improve by the end of the year, European Central Bank President Mario Draghi said on Thursday as he reiterated that the euro was irreversible.
ECB can only offer temporary relief, onus on governments
CASABLANCA - The European Central Bank (ECB) and its peers in the Mediterranean region said on Thursday that it was up to governments to address the root causes of the euro zone crisis which is taking a toll on many economies in the region.
Factory output drags on euro zone's economy
BRUSSELS - Euro zone factories unexpectedly stepped up production in May, but output fell in France and the Netherlands in a further sign that the bloc's sovereign debt crisis is also hurting its stronger economies.
Tymoshenko appeal delayed on health grounds in Ukraine
KIEV - Former prime minister Yulia Tymoshenko, whose jailing for abuse of power has soured Ukraine's relations with the European Union, had her appeal hearing postponed for five weeks on Thursday so doctors can establish whether she is fit to attend.
Factory output drags on euro zone's economy
BRUSSELS - Euro zone factories unexpectedly stepped up production in May, but output fell in France and the Netherlands in a further sign that the bloc's sovereign debt crisis is also hurting its stronger economies.
Italy not expected to request bail-out: Fekter
VIENNA - Italy is not expected to request a bail-out from the European Union, Austrian Finance Minister Maria Fekter said on Thursday.
Euro Zone Video
BRUSSELS AND THE DEBT CRISIS
Brussels showdown saved the euro
BRUSSELS - They were bleary-eyed in their crumpled suits, but euro zone negotiators were smiling after a hard-fought night of talks that struck a surprisingly far-reaching deal to prop up the euro. Full Article
ANALYSIS OF THE EURO ZONE CRISIS
Merkollande - Building a "grand bargain"
In the lush gardens of the Elysee Palace in Paris, hidden away from EU summits and photocalls, French President Francois Hollande and German Chancellor Angela Merkel began to forge a closer relationship than many expected. Full Article
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