Euro zone yields hit lows: Is ECB trumping reality?

It's hard to believe it's just a few years since countries like Ireland and Spain had to go cap-in-hand to international lenders - at least if you look at their bond yields.

EU still considering fining France over budget rules

(Reuters) - EU officials are considering fining France for failing to cut its budget deficit, although the euro zone's second biggest economy, a driving force in the creation of the shared currency, could yet be spared the unprecedented punishment.

EU summit on economy in Italy October 6

(PARIS) - French President Francois Hollande announced on Saturday that EU leaders would hold a summit in Italy in early October aimed at boosting growth and jobs in the bloc.

Scottish independence 'Yes' camp 'deluding itself' on currency union

Scottish independence advocates are “deluding” themselves if they believe that the country would be allowed to remain in a currency union with the UK whilst controlling its own financial affairs, one of Europe’s major banks has said.

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.

EU asks Italy for tighter 2014 budget to curb debt

(Reuters) - The European Commission asked Italy on Monday to tighten its budget this year to rein in an excessive public debt but fell short of opening a disciplinary procedure against the euro zone's third largest economy.

Euro Zone Budget Deficit Hits Post-Crisis Low

The combined budget deficit of the euro zone's 17 governments fell below the currency area's target in the final quarter of last year, for the first time since the onset of the financial crisis in 2008.

EU in slow progress on deficit cuts

New figures from the European Commission show that EU governments are gradually making progress with their financial problems.

Finland to raise taxes, cut spending to bring down deficit

(Reuters) - The Finnish government will raise taxes and cut spending to bring down the budget deficit, Prime Minister Jyrki Katainen said on Tuesday.

Italy at risk of breaking EU rules, France squeezes through

BRUSSELS (Reuters) - Italy's draft budget plans for 2014 are at risk of breaking European Union rules, while French draft plans barely make it, the European Commission said on Friday.

Poland’s Outlook Cut to Stable at Fitch on Wider Budget Deficit

Poland had its rating outlook reduced to stable from positive at Fitch Ratings, which cited the country’s reduced fiscal credibility.