France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.» Read More
MADRID, May 19- Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favour of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system.
France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.
BERLIN, May 19- France has a special responsibility as a euro zone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens Weidmann said in an interview published on Sunday.
BRUSSELS, May 18- Critics ridiculed European Union bureaucrats on Saturday for taking time off fighting the euro zone's debt crisis to impose strict new rules on how restaurants serve olive oil. "If the European Union was logical and properly run, people wouldn't be so anti- Europe.
May 17- In the nearly five years since the worst financial crash since the Great Depression, the remedy for the world's economic doldrums has swung from full-on Keynesianism to unforgiving austerity and back.
LONDON, May 17- After months of speculation, Vodafone's Vittorio Colao will be under pressure next week to set out whether he may sell its prized stake in Verizon Wireless in what would be one of the biggest deals ever.
May 17- The 3.5 percent gross domestic product growth announced by Tokyo on Wednesday suggests that Japan may be the fastest-growing economy in the G7. All these events appear linked to the election of Shinzo Abe and the regime he has installed at the Bank of Japan.
Despite European officials' push for labor market reforms in the euro zone, the process of matching jobless workers to vacancies is deteriorating, according to Goldman Sachs.
*Spain, Italian yields extend fall after supply this week. *Spain to auction more bonds next week. LONDON, May 17- German Bunds hit one-week highs on Friday, with traders citing talk the European Central Bank was checking with some banks whether they were ready for a potential cut in its deposit rate to below zero.
CNBC's Ross Westgate reports on all the market moving events from Europe, as stocks shifted higher despite weak economic data from the U.S. yesterday.
Beppe Grillo, founder of Italy's Five Star Movement, talks to CNBC about honest bankers and how he wants the quality to come back into fashion.
Beppe Grillo, the founder of the Five Star Movement tells CNBC he's going to win the next Italian election and that the country's traditional parties have already become history.
Both Spain and Italy, which have taken turns at the forefront of the euro zone debt crisis in the past two years, have cashed in on investor appetite for higher-yielding assets this year, spurred by ultra-easy central bank policies.
BRUSSELS, May 16- The giant South Stream pipeline to transport natural gas from Russia to the European Union is a reality and is on schedule to be built by the end of 2015, the chief executive of the offshore section of the line said on Wednesday, rebutting widespread doubts that it will ever be built.
Beppe Grillo, founder of the Five Star Movement in Italy, tells CNBC how Britain has everything to lose from the EU and why he sympathizes with UKIP.
Beppe Grillo, leader of the protest movement in Italy, likens it to 'a virus' and discusses the workings of the European Parliament.
Beppe Grillo, leader of the protest movement in Italy, says the country has "nothing left" of its economic sovereignty.
Beppe Grillo, leader of the protest movement in Italy, explains why the Five Star Movement did not strike a coalition deal with the center-left and refutes any rumors of growing defiance amongst his MPs.
Beppe Grillo, leader of the protest movement in Italy, describes Berlusconi as a "hologram", and says his party is the "real challenge" to the former prime minister.
HOUSTON/ MILAN, May 16- A trio of hawkish regional Federal Reserve officials are calling for the U.S. central bank to stop buying mortgage-backed bonds, citing the recent improvement in the housing market.