ECB supervisor promises to come clean on banks' health

(Reuters) - The euro zone's future bank supervisor on Wednesday promised a warts-and-all probe into the bloc's still fragile financial system, conceding that she and other supervisors had made mistakes in the past.

Ukraine Needs Russia Resolution Before EU Deal, Yanukovych Says

Ukraine needs to resolve issues plaguing its relationship with Russia before it can sign a free-trade agreement with the European Union, President Viktor Yanukovych said as he prepared to attend the bloc’s summit.

Euro Makes It Harder for Countries to Adjust Imbalances

Germany’s central bank has weighed in on a thorny topic in Europe: whether the euro has made it harder for countries in the currency to adjust their current account imbalances.

Euro-Adoption Benefits Becoming Fiction, Poland’s Szczurek Says

Benefits to adopting the euro, such as easier access to capital and foreign funding, are becoming “fiction,” Polish Finance Minister nominee Mateusz Szczurek said in an interview with Dziennik Gazeta Prawna.

German parties edge warily towards 'grand coalition' deal

(Reuters) - Angela Merkel's conservatives and the Social Democrats (SPD) head into a decisive week of German coalition talks on track to form a government but under fire from their own members for a series of policy compromises.