Euro Area Seen Improving While Trailing U.S.-China Growth

The euro-area economy will continue to lag behind its main competitors, the U.S. and China, this year and next as high levels of unemployment and debt hinder the currency bloc’s recovery.

Spain's Rajoy, intent on job creation, ups growth view

(Reuters) - Spain's economy is on track to expand by a better-than-expected 1.0 percent in 2014, allowing moderate job creation for the first time in six years, Spanish Prime Minister Mariano Rajoy said on Tuesday in his annual state-of-the-nation address to Parliament.

Europe shares, euro rise as German morale brightens

LONDON (Reuters) - European stocks rose and the euro strengthened against the dollar on Monday as a surprise improvement in German business morale added to optimism over the euro zone's recovery, although worries over credit tightening in China kept investors wary.

Draghi Says ECB Ready to Act If Inflation Outlook Deteriorates

European Central Bank President Mario Draghi said policy makers are ready to add to stimulus if the outlook for prices deteriorates, though there are currently no signs of deflation in the euro area.

Emerging market storm boon for euro zone's periphery

LONDON, Feb 20 (Reuters) - A reversal in fortunes between southern Europe and once-booming developing economies has triggered a substantial allocation shift by global funds out of emerging assets and into the euro markets they fled two years ago.