BERLIN: German Chancellor Angela Merkel on Monday rejected the idea that her country was seeking "hegemony" in the European Union, but insisted members needed to cede some national sovereignty for the greater good.
April 21, 2013
The IMF’s fiddling achieves nothing
Fresh from the calamity of the Cypriot bail-out, a fiasco that he personally oversaw, he was at it again at the International Monetary Fund’s spring meeting in Washington last week.
April 20, 2013
Euro-Zone Workers Increasingly Forced to Go Part-Time
Growing numbers of workers in the euro zone are unable to work as many hours as they would like, official figures showed Friday, casting new light on the grim outlook for consumers that could depress the region's growth prospects for some time to come.
April 18, 2013
France warned on growth goals, fiscal targets in doubt
PARIS: France's economy could shrink this year and miss future government forecasts, the country's budget watchdog and the IMF warned on Tuesday, casting doubt on Paris's pledge to cut its deficit below 3 percent of output.
April 17, 2013
ECB's Draghi urges governments to solve crisis
AMSTERDAM (Reuters) - The president of the European Central Bank on Monday put pressure on governments to push ahead with plans for a closer European integration to address the crisis' core problems.
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