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.

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.

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.

German economy struggles as exports and output tumble

(Reuters) - German exports fell the most since late 2009 in May and industrial output tumbled, suggesting Europe's largest economy is struggling to regain traction, although a rise in imports pointed to robust domestic demand.

Bank of France raises second-quarter growth forecast

PARIS: France's central bank raised its forecast for economic growth in the second quarter on July 8, predicting that the second-largest economy in the euro zone shook off a shallow recession with an increase of 0.2 per cent in gross domestic product.