Irish Central Banker Absolves the Euro of Blame

Currency regimes matter less to the success or failure of economies than the quality of the policies pursued by governments and central banks, the governor of Ireland’s central bank said Tuesday.

GLOBAL MARKETS-Euro, bond yields dip as looser ECB policy eyed

LONDON, Aug 26 (Reuters) - The euro hit its lowest level against the dollar in nearly a year and euro zone government bond yields fell to record lows on Tuesday on expectations the European Central Bank might ease monetary policy as soon as next week.

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.

Italy hits resistance to softer European spending rules

(Reuters) - Italy and its allies will receive no special leeway in meeting EU budget rules, European officials agreed on Tuesday, as Germany resisted attempts to soft-pedal on long-promised spending reforms.

Greece, Troika Optimistic on Reaching Deal Before Meeting

Greek Finance Minister Yannis Stournaras said the government probably will reach a deal with international creditors before today’s Eurogroup meeting to keep bailout funds flowing to the country.

France enters recession; Hollande under pressure

PARIS: President Francois Hollande holds a key press conference on Thursday, a day after his first anniversary in office was marred by news that holland France had fallen back into recession amid plummeting economic indicators.

Czech left's leader says "deadly cuts spiral" must end

OSTRAVA, Czech Republic (Reuters) - The Czech Republic's likely next prime minister says he plans to increase taxes on big firms and banks and put new emphasis on creating jobs to pull the economy out of a "deadly spiral".