EU Parliament head Martin Schulz warns of tough talks on banking union

BRUSSELS: European Parliament head Martin Schulz warned Thursday that EU leaders face "very long negotiations" with lawmakers over a new bank regulatory system which many of them believe falls well short of what it should be.

Euro zone to share costs of bank closures gradually: Proposal

BRUSSELS: The cost of closing down a euro zone bank will initially be borne almost fully by its home country, but the obligations of euro zone partners will gradually rise to be shared equitably after 10 years, under the terms of an EU proposal seen by Reuters on Saturday.

Euro zone suffers from integration fatigue

BRUSSELS, Oct 25 (Reuters) - The euro zone is suffering from integration fatigue and banking union might be the last big push for the foreseeable future, officials in the currency bloc say.

The Euro May Not Be Doomed, But It Is a Disaster

Has the euro been a disaster, or what?

Factbox: Europe's slow march to repair its banks

(Reuters) - Euro zone countries are trying to find a way to pay for the repair of their broken banks, testing governments' resolve to come clean on the problems that have festered since the global financial crisis.

Don't blame Europe, stick with reform: Danish PM

COPENHAGEN (Reuters) - Denmark's center-left prime minister, accused by her left-wing parliamentary backers of veering too far to the right, said on Friday the country had got through the worst of its economic crisis and should persevere with unpopular reforms.

Debt crisis: What lies ahead for the Eurozone this summer?

Latvia is standing tall this summer after receiving the go-ahead to join the Eurozone in January 2014. It has met all economic criteria and will become the zone's 18th member.

Eurozone must push ahead with banking union or risk recovery, says IMF

Eurozone countries must implement a planned banking union in full as backsliding could throw the economy into a tailspin, an International Monetary Fund staff paper has concluded.

Merkel Says Euro Crisis Recovery Is Worth Austerity Pain

Chancellor Angela Merkel said the promise of lifting the euro area out of its debt crisis is worth the pain that’s being caused by German-inspired austerity.

EU leaders gear up for round two of budget negotiations

BRUSSELS: The collapse of EU talks Friday without agreeing a seven-year budget is not calamitous, the bloc will continue to function, but it does heap yet more pressure on a divided European Union mired in an intractable debt crisis.

Greece becoming more competitive, must stay in euro: Juncker

(Reuters) - Greece's competitiveness has greatly improved and its wage costs have fallen significantly and the euro zone must strive to keep the country as a member, the chairman of the Eurogroup of finance ministers said on Tuesday.

Europe at loggerheads over banking union

European finance ministers clashed over plans for a banking union on Saturday, with Germany leading criticism of proposals to introduce a single banking supervisor by January.