August 21, 2014

ECB in policy limbo, boxed in by its own plans

(Reuters) - The European Central Bank is in a policy no man's land, bombarded by news of a stagnating euro zone economy but hesitant to move forward with new stimulus until measures it loaded in June have ignited.

Angela Merkel scolds Italy and France over the faltering eurozone recovery

Angela Merkel has delivered a sharp rebuke to Italy and France for hindering the eurozone's recovery by breaking longstanding fiscal rules.