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Highlights

ECB Will Stick to Expansive Policy: Asmussen Mon, 27 May '13 | 6:35 AM ET

The European Central Bank will stick to its expansive monetary policy for as long as necessary though it should be wary of dropping its deposit rate below zero, Executive Board member Joerg Asmussen said on Monday.

Croatia Gets Germany's Blessing to Join EU Thu, 16 May '13 | 1:36 PM ET

Germany's lower house of parliament approved Croatia's entry to the European Union on Thursday, clearing the last formal hurdle for the former Yugoslav republic to enter the bloc.

Riot police in Cyprus stand on guard as protesters near by protest the governments handling of the banking crisis.

The assessment of officials and bankers on the Mediterranean island suggest the bulk of the billions of euros of Russian money in Cyprus comes from smaller firms and middle-class savers, and not the super-wealthy.

Euro zone factories had their best month in nearly a year during January as burgeoning German output offered support amid signs the worst may be over for the troubled currency bloc, a survey showed on Friday.

Morale among businesses in the euro zone improved again in December, but the unemployment rate reached a new record and households held back from spending in the run-up to Christmas, suggesting the bloc's emergence from recession will be slow.

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