Italy Economy Minister: Bail-In Rules Won't Apply in Short Run

ROME--New European "bail-in" rules for troubled banks won't necessarily apply in the short term, Italian Economy Minister Fabrizio Saccomanni said Wednesday.

Euro Loses Most Since July 2012 on ECB Rate-Cut Bets

The euro slid the most in more than a year versus the dollar as weaker-than-forecast economic data for the currency region fueled speculation the European Central Bank will cut interest rates as soon as at its meeting next week.

Euro Extends Losses On ECB Rate-Cut Speculation

The euro extended its losses against major currencies in Asia on Friday amid growing speculation that the European Central Bank may cut interest rates to stimulate the euro-zone's fragile economy.

'Europe faces deflation threat'

Europe faces a threat of deflation, which it seems unlikely to be willing to fight. Core inflation in the euro zone fell sharply in October to just 0.8 per cent a year, the lowest since early 2010 and a level which sets the red deflation light flashing.

Euro-Area Inflation Cools to Four-Year Low as Unemployment Rises

Euro-area inflation cooled to the slowest in almost four years in October, moving further away from the European Central Bank’s goal.