Germany, France Urge Recalculation of EU Asylum-Seeker Quotas

Germany and France called for the recalculation of proposed quotas for dispersing political refugees across Europe, in a tussle over sharing the burden of coping with migrants from the Middle East and northern Africa.

ECB Keeps Europe’s Bond Traders Guessing on Frontloading Policy

The European Central Bank’s fine-tuning of its bond-buying program is starting to unsettle traders in the region’s debt markets.

The G-7's Problem: Can the World Deal With a Greek Default?

When the world’s top finance ministers and central-bank chiefs meet in Dresden this week, they may struggle to stick to an agenda set by their German hosts that doesn’t mention Greece.

Ruble Falls Fifth Day as Russia Efforts Damp Carry-Trade Appeal

The ruble weakened for a fifth day as Russian government and central bank efforts to stem the currency’s gain damped its carry-trade appeal.

U.K. Labour Drops Opposition to Referendum on EU Membership

The U.K. Labour Party dropped its opposition to holding a referendum on Britain’s membership of the European Union, reversing a position it held before the general election.