Account
There are no calls for celebration, no desire to relax in the corridors of Brussels but some officials believe the euro zone has turned a corner, sharpening the focus on longer-term reforms and structures.Despite a messy bailout of Cyprus, markets are calm, Ireland's rescue program is on track and Greece and Portugal, while still in recession, hope for a slow recovery next year.Slovenia's banks are a concern, but one that policymakers are confident they can deal with. And although Malta's banking system is vast compared with its economy, it is not structured in the same way as in Cyprus. The same goes for Luxembourg.Spain's bank restructuring appears to be working."All the skeletons are out of the closet," said one senior official who has spent much of the past three years working on the crisis. "There are no more major issues in the pipeline."It is a line of thinking shared by European Central Bank policymaker Yves Mersch, who said on Wednesday he did not expect another country to "sl...
European aerospace group EADS on Sunday published a list of three names it had proposed to the French government to defend France's defense interests in a restructur...
French President Francois Hollande wants Anne Lauvergeon, former chief executive of French nuclear reactor maker Areva, to chair the board of European planemaker EAD...
It's emblematic of the economic and political turbulence of the past four years that just about any compliment or criticism of Timothy Geithner's tenure as Treasury ...
A subtle shift in monetary policymaking is afoot with a new generation of central bankers, striving to secure global economic recovery, prepared to challenge the old...
With two short sentences, the head of the European Central Bank took the heat out of the euro zone crisis this year. In 2013 Mario Draghi has to live up to even bigg...
An imminent shake-up of EADS is expected to lead to a rise in state shareholdings in Europe's largest aerospace group, but in reality merely changes the rules for wh...
European Central Bank policymaker Benoit Coeure urged euro zone governments on Saturday to forge a closer political union, arguing "the euro is a currency with a sta...
European Central Bank President Mario Draghi faces a two-hour grilling on Wednesday from German lawmakers who fear his bond-buying plan to ease the region's debt cri...
The European Central Bank is thinking the unthinkable to save the euro, including resuming its controversial bond-buying program and possibly even pursuing quantitat...
When Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets, the idea seemed fanciful, a distant dream...
Greece has not yet triggered payment on controversial bond insurance contracts but market participants still expect Athens' efforts to reduce its debt burden to pro...
If President Obama wanted to thank someone for the relative calm in Europe that is buoying U.S. equity markets, perhaps he should consider an Italian economist few A...
Shareholders in Airbus parent European Aeronautic Defence & Space Co. (EAD.FR) overwhelmingly approved the company's proposal to revamp its governance, limiting gove...
Shareholders in Airbus parent European Aeronautic Defence & Space Co. (EAD.FR) overwhelmingly approved the company's proposal to revamp its governance, limiting gove...
Former European Central Bank President Jean-Claude Trichet said Wednesday there is no risk of wider contagion from Cyprus' banking crisis.Speaking at a Credit Suisse...
Major economies need to take steps to encourage more long-term investment and to ensure the current shake-up of the financial system doesn't limit such funding, acco...
Airbus parent EADS paved the way to getting its first independent chairman on Tuesday, as it put finishing touches to proposals for a new board to be led by the form...
The nomination committee of Airbus parent European Aeronautic Defence & Space Co. (EAD.FR) won't nominate Anne Lauvergeon, the former head of state-controlled nuclea...
The nomination committee of Airbus parent European Aeronautic Defence & Space Co. (EAD.FR) won't nominate Anne Lauvergeon, the former head of state-controlled nuclea...
