Draghi’s Time Horizon for Rates Seen to Exceed a Year: Economy

For Mario Draghi, “an extended period of time” lasts longer than a year, according to economists surveyed after the European Central Bank president used the phrase in a pledge to keep interest rates low.

German economy struggles as exports and output tumble

(Reuters) - German exports fell the most since late 2009 in May and industrial output tumbled, suggesting Europe's largest economy is struggling to regain traction, although a rise in imports pointed to robust domestic demand.

Bank of France raises second-quarter growth forecast

PARIS: France's central bank raised its forecast for economic growth in the second quarter on July 8, predicting that the second-largest economy in the euro zone shook off a shallow recession with an increase of 0.2 per cent in gross domestic product.

Greece, Troika Optimistic on Reaching Deal Before Meeting

Greek Finance Minister Yannis Stournaras said the government probably will reach a deal with international creditors before today’s Eurogroup meeting to keep bailout funds flowing to the country.

Spanish, Italian Bonds Gain as ECB Signals Prolonged Low Rates

Spanish and Italian bonds advanced for a second week after the European Central Bank signaled it will keep interest rates low for longer, boosting demand for higher-yielding euro-area assets.