PARIS: President Francois Hollande said on Sunday that recovery had started in France's struggling economy, which entered arecession this year and has record-high unemployment.
July 14, 2013
Portugal's PM says committed to reaching cross-party deal
(Reuters) - The opposition Socialists demanded a renegotiation of Portugal's bailout terms on Friday, raising a hurdle to a cross-party pact the president says is needed to end the euro zone country's dependence on international funding next year.
July 13, 2013
Germany, France split over EU banks plan
(Reuters) - Germany and France were split on Friday over European Union plans for a new agency to wind down troubled banks, with Berlin saying they go too far in centralizing control in Brussels.
July 12, 2013
Euro zone output down in May as recovery remains fragile
BRUSSELS (Reuters) - Euro zone factory output fell in May for the first time in four months, data showed on Friday, suggesting a fragile and uneven recovery in the bloc that is struggling with record joblessness and renewed political tensions in southern Europe.
July 11, 2013
Draghi’s Time Horizon for Rates Seen to Exceed a Year: Economy
For Mario Draghi, “an extended period of time” lasts longer than a year, according to economists surveyed after the European Central Bank president used the phrase in a pledge to keep interest rates low.
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