Euro Area’s Four Biggest Economies Are All Growing

Mario Draghi could be forgiven for lingering a little longer on the sun lounger this August. For the first summer since he took office as president of the European Central Bank, the region’s four biggest economies are posting growth, spurred by a weaker euro and lower oil prices that are boosting consumer spending.

Greek debt crisis: IMF wary of third bailout

The International Monetary Fund (IMF) is very wary of any financial contribution to a third Greek bailout.

S&P cuts UK outlook amid EU referendum warning

David Cameron’s decision to hold a referendum on EU membership has put Britain at greater risk of losing its triple-A credit score, according to Standard & Poor’s, the only big ratings agency to still give Britain the top ranking.

Britain leaving EU would affect credit rating, says Moody's

A vote to leave the EU could cut the UK’s credit rating, according to the ratings agency Moody’s, which has waded into the debate with a warning about rushing the referendum.

The G-7's Problem: Can the World Deal With a Greek Default?

When the world’s top finance ministers and central-bank chiefs meet in Dresden this week, they may struggle to stick to an agenda set by their German hosts that doesn’t mention Greece.

UK services sector growth slows in December

Britain’s services sector slowed at the end of 2014, fanning fears that the economy is losing momentum.

Poland's Belka concerned zloty will rise against euro

(Reuters) - Polish central bank head Marek Belka is worried that the zloty will rise against the euro, a move that would hamper business and could affect interest rate policy, he told Reuters on Monday.

OECD sees French reforms boosting GDP growth 0.3 percent points per year

(Reuters) - The OECD prodded France on Friday to step up the pace of its reforms, though it estimated that those already in the pipeline would gradually deliver tangible economic growth gains.

France produces 'no austerity' budget, defying EU rules

PARIS: France intensified a showdown with its European Union partners Wednesday by unveiling a "no austerity" budget that aims to bring its deficit within European guidelines two years later than previously promised.

Bank of England to unveil bank leverage ratio plans this month

(Reuters) - The Bank of England will tell lenders at the end of this month what their key measure of insulation against future crises should be, bringing forward a keenly-awaited announcement from 2015 after draft proposals worried banks and lawmakers.

Draghi Says ECB Actively Managing Balance Sheet

The European Central Bank will actively manage its balance sheet and is willing to implement more stimulus if required to stave off the threat of deflation in the euro area, ECB President Mario Draghi said.

German Unemployment Drops for First Time in Three Months

German unemployment fell for the first time in three months in a sign that Europe’s largest economy is gathering pace after a second-quarter slowdown.

Eurogroup's Thomas Wieser sees euro zone reforms biting slowly

VIENNA: Reforms to cut public and private debt in euro zone countries could take up to a decade to have a sustainable effect on growth in the bloc, the head of the Eurogroup's working group told a newspaper.

UK construction shrinks in May, dampens some second quarter growth hopes

(Reuters) - British construction output suffered a steep fall in May, raising the prospect that overall economic growth may fall short of expectations in the second quarter.

German Ifo business morale in June hit by Ukraine, Iraq

BERLIN (Reuters) - German business sentiment weakened more than expected in June as concern grew among companies in Europe's largest economy that tensions in Ukraine and Iraq would hurt their business.

No wage rises until jobless rate falls to 5% says MPC member

Average wages may not rise until the jobless rate has fallen to 5%, a Bank of England policymaker has suggested.

Britain's economic prospects brightest in more than a decade, survey finds

Britain's economic prospects are the brightest they have been in more than a decade and optimism among consumers has surged to its best level in nine years, according to separate reports published on Friday.

Spain wins third credit upgrade as economy brightens

Madrid (AFP) - Standard and Poor's boosted Spain's credit rating on Friday, hailing signs of economic recovery despite massive unemployment in the eurozone's fourth-biggest economy.

GLOBAL ECONOMY-Euro zone business stays strong, China mending

LONDON/BEIJING, May 22 (Reuters) - Private business activity in the euro zone grew at just under its fastest pace in three years this month, while contraction in China's vast manufacturing sector slowed to its weakest pace this year, surveys showed on Thursday.

Deflation, emerging market fears set scene for tough EU bank tests

(Reuters) - Fears of euro zone deflation, emerging markets turmoil and a determination not to repeat past mistakes mean European regulators are likely to come up with the toughest set of tests for the region's banks that they have ever faced.