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.

France May Slip Back Into Recession

FRANKFURT — Hopes that the euro zone could be emerging from years of torpor suffered another setback on Thursday when an indicator of economic activity in the region slipped unexpectedly and suggested that France could be sliding back into recession.

German Business Confidence Increases as Recovery on Track

German business confidence surged to the highest in more than 1 1/2 years in November, signaling that the economic recovery in Europe’s largest economy remains on track even after growth slowed in the third quarter.

Russia Pulls Biggest Bank License of Year Over Dubious Transfers

Russia’s central bank revoked the license of OAO Master-Bank, a retail lender where President Vladimir Putin’s cousin serves on the board, after accusing it of repeatedly breaching money laundering laws.