George Osborne set to expand Funding for Lending Scheme

George Osborne is expected to expand his flagship £80bn lending scheme on Wednesday in a bid to boost support for small businesses following criticism that most of the funds have been siphoned off by high street banks to cut homeowner's mortgage costs.

Angela Merkel says Germany not seeking 'hegemony' in EU

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.

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.

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.

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.