April 18, 2013

France warned on growth goals, fiscal targets in doubt

PARIS: France's economy could shrink this year and miss future government forecasts, the country's budget watchdog and the IMF warned on Tuesday, casting doubt on Paris's pledge to cut its deficit below 3 percent of output.

April 17, 2013

ECB's Draghi urges governments to solve crisis

AMSTERDAM (Reuters) - The president of the European Central Bank on Monday put pressure on governments to push ahead with plans for a closer European integration to address the crisis' core problems.

April 16, 2013

Eurozone posts trade surplus of 10.4 bn euros in February

BRUSSELS: The 17-nation eurozone posted a trade surplus of 10.4 billion euros ($13.6 bn) after recording a revised deficit of 4.7 billion euros in January, Eurostat said Monday.

April 15, 2013

Cyprus to ease citizenship requirements, attacks EU 'hypocrisy'

NICOSIA: Cyprus will relax requirements for citizenship, including for bank depositors who lost large amounts of money in the deal with the EU and IMF, in an effort to keep foreigners interested in investing in the island state, the president said on Sunday.

April 14, 2013

Spain to rescue its indebted regions with 15 billion euros

DUBLIN: The Spanish government is putting finishing touches to a new bailout plan for its highly indebted regions to settle 15 billion euros ($19.7 billion) of unpaid bills to suppliers, Spanish Economy Minister Luis de Guindos said on Saturday.