Europe Reaches Agreement on New Rescue Package for Greece

European governments agreed on a third aid deal for Greece, signaling a determination to keep the country in the euro and setting aside doubts about its ability to repay its debts.

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.

Eurozone outlook improves, International Monetary Fund says

The outlook for the eurozone has improved, says the International Monetary Fund (IMF), thanks to a falling oil price, a weaker euro and action taken by the European Central Bank (ECB). It predicted that growth would pick up to 1.7% next year, from 1.5% this year.

Germany is feasting on the rest of Europe

The situation in Athens seems to have calmed down, but former Federal Reserve Chairman Ben Bernanke thinks Europe has an even bigger issue to worry about: Germany.

Germany, France Urge Recalculation of EU Asylum-Seeker Quotas

Germany and France called for the recalculation of proposed quotas for dispersing political refugees across Europe, in a tussle over sharing the burden of coping with migrants from the Middle East and northern Africa.

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.

German inflation creeps higher in April: data

Frankfurt (AFP) - Inflation in Germany, Europe's biggest economy, crept higher in April with consumer prices rising by 0.4 percent year-on-year, preliminary data showed on Wednesday.

Euro zone grows faster than expected in third quarter

(Reuters) - Euro zone economic growth was stronger than expected in the third quarter, preliminary data showed on Friday, as France beat market expectations and Germany steered clear of a recession.

ECB warned euro zone inflation, growth to be lower than expected

(Reuters) - Professional forecasters have cut their outlook for euro zone inflation and growth, underlining a trend that could prompt the European Central Bank to take more action to kick-start the region's flagging economy.

Euro zone industry output rises slightly in September

(Reuters) - Output at euro zone factories rose in September, lifted by machinery and energy, but the increase was slightly less than expected and highlighted how few cars and televisions Europeans are buying as the recovery falters.

Euro crisis firms German power, 25 years after Berlin Wall

PARIS: "We beat the Germans twice and now they're back," then British prime minister Margaret Thatcher reportedly said after the Berlin Wall fell in 1989, expressing her fears a reunited Germany would grow to dominate Europe.

The EU budget: who pays what?

The joint budget of the 27 members of the European Union is 129 billion euros ($165 billion) this year. It is used to subsidize the European agricultural sector, structural and regional aid, and programs in the fields of science, research and culture as well as some industries.

EU's Juncker pledges investment plan for jobs

(Reuters) - The incoming head of the EU executive, Jean-Claude Juncker, told the European Parliament on Wednesday that he would present his 300-billion-euro plan for investment to bolster growth and jobs by the end of this year.

ECB can use new banking knowledge in rate setting: Constancio

(Reuters) - European Central Bank policymakers will be able to use the information they gain from their new banking supervisory powers in the traditional monetary policy side of their jobs, ECB Vice President Vitor Constancio said on Monday.

Getting used to the 'new mediocre'

Until a dramatic selloff, exuberant markets had raced well ahead of the economies that underpin them, partly because the U.S. Federal Reserve and other central banks flooded the financial system with new money.

German business lobby group calls EU sanctions a mistake

(Reuters) - The European Union's new economic sanctions against Russia are a "mistake" because they were imposed just as a week-old ceasefire was bringing calm to the embattled east of Ukraine, the leader of a German business lobby group was quoted saying on Sunday.

No new debt for Germany in 2015, first time since 1969

(Reuters) - Finance Minister Wolfgang Schaeuble said Germany would not take on new debt next year for the first time since 1969, underlining the robustness of the country's finances as European partners urge it to do more to boost euro zone growth.

Falling investment, inventories, stall euro zone recovery in Q2

(Reuters) - Falling investment and a drop in inventories kept euro zone gross domestic product flat in the second quarter against the previous three months despite growing household consumption and a positive contribution from trade, data showed on Friday.

Germany posts budget surplus as pressure rises to boost growth

(Reuters) - Germany posted a budget surplus of 16.1 billion euros in the first half of 2014, highlighting the strength of the country's finances at a time when Berlin faces pressure to loosen the fiscal reins and spend more to boost flagging growth in Europe.

Germany should drive economic recovery in Europe, IMF chief says

Geneva (AFP) - IMF chief Christine Lagarde wants Germany to play a bigger role in propelling economic recovery in Europe, she hinted in an interview broadcast on Monday, suggesting that German wages should rise.