ECB's Mario Draghi says risk of deflation higher than a year ago: Report

Jan 14 (Reuters) - There is a higher risk of deflation in the euro zone now than a year ago, European Central Bank President Mario Draghi told German weekly Die Zeit in an interview.

Hollande shifts position on Tobin tax, money for environment

French President Francois Hollande shifted position Monday on implementing a long-sought financial transactions tax in Europe and said the money should go towards projects aimed at mitigating climate change.

UK services sector growth slows in December

Britain’s services sector slowed at the end of 2014, fanning fears that the economy is losing momentum.

EU insurance watchdog to unveil stress test results

FRANKFURT (Reuters) - Europe's top insurance regulator EIOPA will announce details on Monday of its latest check on how prepared the insurance sector is to withstand shocks like the recent financial market crisis.

EU plans to streamline but not change key budget rules

BRUSSELS (Reuters) - The European Commission wants to streamline the European Union's complex rules governing economic policy-making, but won't change the two key laws that sharpened budget policy control during the debt crisis, a top official responsible for the euro zone said.