Won’t move, can’t move: euro zone’s jobless sit tight
PARIS/ROME (Reuters) - The car plant where 46-year-old Agathe Martin works is shutting down, but when PSA Peugeot offered her a job in another factory elsewhere in the Paris region...
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Euro bailout fund conditions complicate efforts to separate bad banks and sovereigns
LUXEMBOURG (Reuters) - Euro zone finance ministers on Thursday agreed on how its bailout fund can invest in troubled banks, but imposed so many conditions that they may not completely...
Record unemployment, low inflation underline Europe’s pain
BRUSSELS/PARIS (Reuters) - Unemployment has reached a new high in the euro zone and inflation remains well below the European Central Bank's target, stepping up pressure on EU leaders and...
Germany fears revolution if Europe scraps welfare model
PARIS (Reuters) - German Finance Minister Wolfgang Schaeuble warned on Tuesday that failure to win the battle against youth unemployment could tear Europe apart, and dropping the continent's welfare model...
S&P says France must deliver promised budget cuts to protect rating
PARIS (Reuters) - France needs to deliver promised budget cuts if it wants to avoid a further credit rating downgrade, Standard & Poor's lead analyst for France told Reuters on...
ECB can’t solve euro zone crisis alone: Weidmann
PARIS (Reuters) - Bundesbank chief Jens Weidmann said on Thursday it was not up to the European Central Bank to solve the euro zone crisis, resisting pressure from other ECB...
Divisions hamper Europe’s plans to tackle failing banks
BRUSSELS (Reuters) - The European Central Bank clashed with Germany on Tuesday over how quickly the euro zone should complete a system to deal with failing banks. A separate rift...
Ireland may go it alone without precautionary funds: EU source
PARIS (Reuters) - Ireland may go it alone when it comes off emergency aid later this year and not sign up to a precautionary credit line that would smooth its...
France’s Hollande pledges more transparency for banks, politicians
PARIS (Reuters) - French banks must give more details on their operations in tax havens, while ministers will disclose personal assets from next Monday, President Francois Hollande said in a...
France says no change to cuts plan after minister quits
PARIS (Reuters) - France's new budget minister said on Wednesday he would stick to the spending cuts planned by his predecessor, whose sudden resignation in a tax fraud investigation threw...