ECB's readiness to act again doesn't mean it should do so now: Weidmann

(Reuters) - The European Central Bank has moved toward a "quantitative easing philosophy" but should not automatically use its remaining policy tools right away, Governing Council member Jens Weidmann said.

Bank of England proposes savings protection limit of £1m

Savings of up to £1m in collapsed banks are to be protected under new proposals from the Bank of England intended to avoid a Northern Rock-style run on a financial institution.

France produces 'no austerity' budget, defying EU rules

PARIS: France intensified a showdown with its European Union partners Wednesday by unveiling a "no austerity" budget that aims to bring its deficit within European guidelines two years later than previously promised.

German Bonds Advance a Third Week as Euro-Area Inflation Slows

German 10-year bonds climbed for a third week as a report showed inflation slowed to a five-year low in the euro area, boosting bets the European Central Bank will take more steps to revive the region’s economy.

Poll: Poland seen cutting rates by 25 bps in October

(Reuters) - Poland is likely to cut interest rates by 25 basis points next week to a new all-time low and reduce them by a further 50 points by the end of the first quarter of 2015, according to a Reuters poll.