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  • *Greece lowers target for asset sales, proposes bad bank. ATHENS March 30- Prime Minister Alexis Tsipras on Monday appealed for an "honest compromise" with lenders but warned Greece would not agree to an "unconditional" one, after its biggest creditor demanded it do more to show commitment to reform. Athens could run out of cash by April 20, a source has previously said.

  • BRUSSELS, March 29- After decades of punching above its weight in Europe, Britain's influence in the European Union is waning, even before we know whether a promised referendum on "Brexit" will go ahead. But there is growing frustration in Brussels, Berlin and Paris at the lack of clarity over Prime Minister David Cameron's goals if he is re-elected on May 7 and seeks...

  • ATHENS/ BERLIN, March 30- Greece's biggest creditor Germany said on Monday that the euro zone would give Athens no further financial aid until it has a more detailed list of reforms and some are enacted into law, adding to scepticism over plans presented last week. A senior official in Brussels on Sunday had dismissed the list as "ideas" rather than a plan that Greece...

  • BRUSSELS— With its next financial deadline looming, Greece is struggling to convince its creditors it has a viable economic reform plan to unlock emergency funds and prevent the country from going bankrupt. Without outside help, Greece faces the prospect of going bankrupt in the next few months. An agreement should unlock Greece's next funds— around 7 billion...

  • BRUSSELS— Thousands of demonstrators and trade union activists have protested against the Belgian government's austerity measures for a second day running. Those participating in Monday's protest in Brussels braved hail and winds as they demanded the right-wing government change course and make sure the brunt of the austerity is borne by the wealthy.

  • BRUSSELS, March 30- Confidence in the euro zone's economy rose for a fourth straight month in March to its highest since July 2011, a European Commission survey showed on Monday, suggesting the weak euro and lower oil prices are spurring the recovery. The European Commission's economic sentiment indicator rose by 1.6 points to 103.9, better than the 103.1...

  • ATHENS, March 30- Greece has not given up on its aim to renegotiate its debt to render it manageable, the country's deputy finance minister said on Monday as talks between Athens and its lenders on reforms to unlock aid continue. He reiterated a plan to link the repayment of Greece's 318 billion euros of debt with economic growth or exports, along the lines of a deal...

  • Spain's 2014 budget deficit below that set by EU Friday, 27 Mar 2015 | 10:34 AM ET

    MADRID— Spain says its budget deficit in 2014 ended up slightly above its target but below that sought by the European Union. Finance Minister Cristobal Montoro said Friday the country's deficit amounted to 5.7 percent of Spain's GDP. Spain has pledged to get it down to 2.8 percent in 2016— below the 3 percent rule for countries that use the euro.

  • ATHENS, March 27- Greece is submitting a long-awaited list of reforms to euro zone and International Monetary Fund lenders on Friday in the hope it will unlock badly needed cash, a Greek government official said. The European Union and IMF lenders, informally called the Brussels Group, will meet in Brussels later on Friday to start discussing it, the official said.

  • European air authority recommends 2 crew in cockpit Friday, 27 Mar 2015 | 7:37 AM ET

    COPENHAGEN, Denmark— The European Union's aviation safety agency recommended Friday that airlines always have two people in the cockpit of a flying aircraft after it emerged that the co-pilot of Germanwings Flight 9525 had apparently locked himself in alone to crash the plane. Before the recommendation, Lufthansa said it would move to the two-person rule "as...

  • ATHENS, March 27- Greece's outspoken Finance Minister Yanis Varoufakis is not planning to resign, two Greek government officials said on Friday, denying a report in Germany's Bild newspaper. After a celebrity photo shoot with his wife for Paris Match magazine angered officials from the ruling Syriza party, Varoufakis has appeared on fewer television shows...

  • BRUSSELS, March 26- International lenders are delaying plans to offer Ukraine billions of dollars on concerns Kiev cannot yet prove the cash will not vanish into a corrupt economy which EU officials fear could remain a "bottomless pit." Ukrainian authorities are still preparing a much-anticipated donor conference for April 28 but EU officials told Reuters...

  • *Citi lowers forecasts on global smartphone sector. The STOXX Europe 600 Technology Index was down 2.4 percent at 1315 GMT, tracking a similar decline in the United States concentrated among semiconductor companies overnight. Traders said one reason for the pull-back was a note by U.S. investment bank Citigroup, which on Thursday cut its forecasts for the...

  • EU signals further divergence from global banking rules Thursday, 26 Mar 2015 | 8:23 AM ET

    LONDON, March 26- The European Union will continue to diverge from global banking regulations where necessary to avoid overburdening smaller lenders, the bloc's financial services chief said on Thursday. Hill said he would "differentiate" from other Basel rules, too, in an effort to ensure that EU legislation is proportionate and takes into account different...

  • Uber sets up response teams as safety concerns rise Wednesday, 25 Mar 2015 | 5:17 PM ET

    Uber will form a safety advisory board comprising independent experts to review its practices and advise on adding safety features to its platform, the company's global safety head Phillip Cardenas said in blog post on Wednesday. The measures come in the wake of Brussels police arresting a taxi driver who confessed to taking part in several incidents of...

  • BRUSSELS— European Commission President Jean-Claude Juncker says the Greek government is to present no later than early next week the reform plans that are key to unlocking urgently needed rescue funds. Addressing a plenary of the European Parliament on Wednesday, Juncker said Greek Prime Minister Alexis Tsipras had told him he was "ready to present his...

  • EU, Ukraine to hold summit in Kiev on April 27 Wednesday, 25 Mar 2015 | 12:13 PM ET

    BRUSSELS/ KIEV, March 25- EU leaders will hold a summit with Ukrainian President Petro Poroshenko next month in Kiev, officials said on Wednesday, and are likely to discuss the status of the Minsk ceasefire agreement in eastern Ukraine. The summit will be a chance for Poroshenko, who attended an EU summit in Brussels in February, to brief leaders on whether the...

  • BRUSSELS/ ATHENS, March 25- Greece failed in a bid on Wednesday to secure a quick cash payment from the euro zone rescue fund to help stave off potential bankruptcy next month, raising pressure on Athens to deliver a convincing reform program within days. Athens had appealed for the European Financial Stability Facility to return 1.2 billion euros it said it had...

  • BRUSSELS— Two environmental groups say European Union nations continue to overfish their Atlantic waters despite commitments to fish sustainably and stay within safe scientific limits. Studies from the two obtained Wednesday by The Associated Press ahead of their release show that almost two out of three limits for catches in the waters off...

  • *Bailout fund to consider returning 1.2 bln euros to Greece. ATHENS/ BERLIN, March 24- Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters on Tuesday, leaving little time to convince sceptical creditors it is committed to economic reform. After talks with EU leaders including German Chancellor...