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  • In an interview with German newspaper Die Welt on Sunday, Merkel called on Italy and France to enact additional measures ahead of a March ruling by the European Commission on whether their budgets conform with the bloc's deficit and debt rules. "If you look at the news and what has been done in the countries over the past weeks then you see that Italy, for example, has...

  • BRUSSELS, Dec 8- Eleven euro zone countries have failed to agree broad outlines for a tax on financial transactions by a self-imposed deadline, casting doubt on whether the disputed levy can be implemented in early 2016, diplomats said on Monday. The plan, led by Germany and France but opposed by Britain, aims to make banks share the cost of cleaning up Europe's...

  • Strike snarls air, rail service to Brussels Monday, 8 Dec 2014 | 4:55 AM ET

    BRUSSELS— Belgian workers striking against government austerity plans badly snarled rail and air service Monday to and from the capital city of Brussels. Metro, bus and tram service in Brussels also ceased for the day. The 24- hour strike, which also affected the Brabant region around Brussels, was the latest in a series of union actions intended to force the...

  • *China releases host of data, to show speed of slowdown. BRUSSELS, Dec 7- The guessing game over the timing of euro zone money printing will intensify as the European Central Bank unveils a closely watched gauge of policy in the coming week, the highlight of a calendar dominated by Europe's malaise. "The key story is going to be in the euro zone," said James Knightley,...

  • DIARY- Top Economic Events to Dec 19 Friday, 5 Dec 2014 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on economic outlook and monetary policy before the Council for Quality Growth- 1730 GMT. LONDON- Bank of England holds quarterly financial policy committee meeting. BRUSSELS- Meeting of euro zone finance ministers to discuss 2015 draft budgets.

  • BUDAPEST, Dec 5- Hungarian Prime Minister Viktor Orban accused Brussels on Friday of sabotaging the Russian-backed South Stream gas pipeline project, which was scrapped this week in a setback to his strategy of closer ties with the Kremlin. Orban has tried to secure supplies of energy and trade for Hungary by doing deals with Moscow, but that drew criticism from...

  • *Poland to spend nearly a third of 2015 budget on pensions. OPOLE, Poland, Dec 5- "I'm staying here! After 1.2 million of its citizens migrated in the ten years since Poland joined the European Union, the country is counting the economic and social cost.

  • DIARY - Top Economic Events to Dec 17 Thursday, 4 Dec 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Cleveland President Loretta Mester gives a morning keynote before the 2014 Financial Stability Conference hosted by the Federal Reserve Bank of Cleveland and the Office of Financial Research- 1345 GMT. WASHINGTON- U.S. Treasury Office of Financial Research Director Richard Berner gives a luncheon speech before the 2014...

  • Euro zone mulls longer Greek bailout, Athens refuses Thursday, 4 Dec 2014 | 6:28 PM ET
    Greek Prime Minister Antonis Samaras

    Euro zone ministers are considering extending Greece's bailout by six months to mid-2015, but Athens said it was only willing to consider an extension of a few weeks to the unpopular program.

  • ATHENS, Dec 4- Euro zone ministers are considering extending Greece's bailout by six months to mid-2015, according to a document obtained by Reuters, but Athens said it was only willing to consider an extension of a few weeks to the unpopular program. "Greece has not received any written proposal on an extension," a government official told Reuters.

  • An extension of the bailout, under which Athens will have received a total of 240 billion euros since 2010, is necessary because international lenders and the Greek government are still negotiating what Athens must do to get the remaining 1.8 billion euros and secure a back-up credit line for after the bailout ends and Greece returns to market financing.

  • European shares steady ahead of ECB, Ryanair surges Thursday, 4 Dec 2014 | 4:07 AM ET

    *Ryanair jumps after raising profit guidance. LONDON, Dec 4- The pan-European FTSEurofirst 300 index steadied near a 2-1/ 2- month high on Thursday, with investors avoiding strong positive bets ahead of a meeting of the European Central Bank. Ryanair led the European Travel and Leisure index to gain 1.4 percent, the biggest sectoral gainer.

  • BRUSSELS/ ATHENS, Dec 3- Greece will have to ask for an extension on its bailout program before parliaments in euro zone nations close for Christmas because a new credit line will not be ready in time, a senior euro zone official said on Wednesday. After two bailouts totalling 240 billion euros since 2010, Greece wants to switch back to market financing from the...

  • BRUSSELS, Dec 3- U.S. and EU leaders will on Wednesday pledge to work together on sanctions and on strengthening the energy security of Europe and Ukraine, as they seek to present a united front to Russia, a draft document said. Secretary of State John Kerry and Energy Secretary Ernest Moniz are in Brussels for talks after a year in which the United States has led the...

  • BRUSSELS, Dec 3- U.S. and EU leaders on Wednesday will pledge to work together on sanctions and on strengthening Europe and Ukraine's energy security as they seek to present a united front to Russia, according to a draft document seen by Reuters. Throughout the year, the United States has led the push for tougher sanctions, while many governments in Europe, afraid...

  • *But EU froze approval process over the crisis in Ukraine. SINGAPORE/ LONDON, Dec 2- Russia's $40 billion South Stream gas pipeline project has fallen victim to plunging energy prices, stalling European demand and the political standoff between the European Union and Moscow over the crisis in Ukraine. Russia on Monday said it had scrapped the project to supply...

  • Germany's DAX extends rally; OPEC sinks energy firms Thursday, 27 Nov 2014 | 10:32 AM ET

    *Energy shares under pressure as OPEC maintains supply. LONDON, Nov 27- European shares rose on Thursday led by the German DAX, which extended its recent sharp rally on the back of encouraging data and expectations of further stimulus measures from the European Central Bank. At the same time weak inflation data raised again the spectre of deflation in the region,...

  • *Clouds gather in Europe as lending shrinks, prices fall. HELSINKI/ MADRID, Nov 27- Failure to reform and shield weaker members threatens to divide the euro zone, the head of the European Central Bank warned on Thursday, amid fresh signs the currency bloc's economy is losing speed. "Lack of structural reforms raises the specter of permanent economic divergence...

  • BERLIN/ LONDON, Nov 27- Subdued food price inflation in Europe is unlikely to pick up any time soon, adding to the pressure on mainstream grocers as they struggle with changing shopping habits and competition from discounters. Prices paid in Europe for fast-moving consumer goods rose at their slowest pace since 2010 in the third quarter, and fell in Spain, France...

  • BRUSSELS, Nov 27- The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March. At that point, France could face a multi-billion euro fine and Italy and Belgium be put on a disciplinary programme. This gives the three more time to adjust policy before the EU...