Euro zone countries agree direct bank recapitalisation framework

BRUSSELS (Reuters) - Euro zone governments agreed on Tuesday that the bloc's bailout fund will be able later this year to help to recapitalise failing banks which have written off 8 percent of their liabilities.

ECB policymakers say can do more if needed

(Reuters) - European Central Bank policymakers stressed on Tuesday that they could still do more to support the euro zone economy after last week announcing a package of measures to ward off the threat of deflation.

Politics poses biggest risk to euro zone endurance

PARIS (Reuters) - With the euro zone bond market back to irrational exuberance and economic growth returning slowly if unevenly, politics rather than economics now poses the biggest threat to the long-term endurance of Europe's single currency.

Russian companies prepare to pay for trade in renminbi

Russian companies are preparing to switch contracts to renminbi and other Asian currencies amid fears that western sanctions may freeze them out of the US dollar market, according to two top bankers.

Euro Bonds Surge on ECB Shock Waves

Euro-area government bonds surged this week, propelling yields across the currency bloc to record lows, as an unprecedented package of European Central Bank stimulus measures added fuel to this year’s rally.