Euro-Zone Consumption Gap Widens

The gap between individual consumption in Germany and those euro-zone countries pursuing austerity programs continued to widen last year, according to figures from the European Union's official statistics agency Wednesday.

Irish finance minister says new EU calculation could add over 1 percent to GDP

(Reuters) - New EU rules on calculating economic output could boost Ireland's gross domestic product by over 1 percent and mean a little less austerity next year, Finance Minister Michael Noonan said on Wednesday.

No wage rises until jobless rate falls to 5% says MPC member

Average wages may not rise until the jobless rate has fallen to 5%, a Bank of England policymaker has suggested.

Germany, France Seek Eased Euro Deficit Rule Amid Austerity

Germany and France are seeking to ease the euro area’s deficit rules to reflect efforts by governments to fix their economies, German Economy Minister Sigmar Gabriel said.

Funds keep faith with euro money markets as rates dwindle

LONDON (Reuters) - The European Central Bank's decision to cut its deposit rate below zero is unlikely to cause a stampede out of euro zone money market funds, with some investors expecting yields to stay positive in the near term.