Angela Merkel
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Peter Spiegel, Brussels Bureau Chief at the Financial Times, tells CNBC that if Germany is unwilling to move on banking union, Brussels will be left without any progress.
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*Rate decision at 1145 GMT, news conference at 1230 GMT. FRANKFURT, May 2- The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation.
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*Rate decision at 1145 GMT, news conference at 1230 GMT. FRANKFURT, May 2- The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation.
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Italy's new Prime Minister Enrico Letta won French backing on Wednesday for calls to spur economic growth alongside budget rigor.
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*Rate decision at 1145 GMT, news conference at 1230 GMT. FRANKFURT, May 2- The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation.
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*Rate decision at 1145 GMT, news conference at 1230 GMT. FRANKFURT, May 2- The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation.
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ROME, May 1- Italy's new Prime Minister Enrico Letta won French backing on Wednesday for calls to spur economic growth alongside budget rigor, but problems lay closer to home with coalition partners demanding tax cuts that would blow a hole in the budget.
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ROME, May 1- Italy's new prime minister Enrico Letta won French backing on Wednesday for calls to spur economic growth alongside budget rigour, but problems lay closer to home with coalition partners demanding tax cuts that would blow a hole in the budget.
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*Workers stage May Day protests across Europe. *Thousands march in Madrid; trains, ferries halted in Greece. MADRID, May 1- Workers hit by lower living standards and record high unemployment staged May Day protests across Europe on Wednesday, hoping to persuade euro zone governments of the case for easing austerity measures and boosting growth.
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ROME, May 1- Italy's new prime minister, Enrico Letta, is preaching an end to austerity while pledging to meet European Union debt targets and his fledgling coalition is already at odds over how to pay for cuts to an unpopular housing tax.
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ROME, May 1- Italy's new prime minister, Enrico Letta, is preaching an end to austerity while pledging to meet European Union debt targets and his fledgling coalition is already at odds over how to pay for cuts to an unpopular housing tax.
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Economic austerity has finally knocked on the door of the Élysée Palace, which announced that it would auction off 1,200 bottles of its finest wines and return the surplus to the state, the NYT reports.
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*Thousands march in Madrid; trains, ferries halted in Greece. MADRID, May 1- Workers hit by lower living standards and record high unemployment staged May Day protests across Europe on Wednesday, hoping to persuade their governments of the case for easing austerity measures and boosting growth.
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Italian bond yields broke below the 4 percent level on Monday and remain at record lows, but analysts warn the country's borrowing rate is poised on a fragile tipping point, after Prime Minister Enrico Letta’s maiden speech divided market opinion.
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Germany, Europe's largest economy, has warded off the three-year debt crisis better than its peers, thanks in part to the strong labour market, and data released on Tuesday showed the unemployment rate stayed near re-unification lows in April.
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Germany, Europe's largest economy, has warded off the three-year debt crisis better than its peers, thanks in part to the strong labour market, and data released on Tuesday showed the unemployment rate stayed near re-unification lows in April.
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BERLIN, April 30- German Chancellor Angela Merkel said at a joint news conference with her Italian counterpart that Europe must find ways to create jobs and spur investment. "Fiscal policy is not everything, of course.
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BERLIN, April 30- German Chancellor Angela Merkel said on Tuesday that Italy had already taken "considerable" steps towards tackling weakness in its economy. "We want to ensure Europe emerges from this crisis stronger than it went into it.
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*Angst in Brussels over idea of EU treaty change. BRUSSELS, April 29- If there are two words that tense the jaws of European policymakers and prompt a concerned sucking of teeth, they are treaty change.
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BERLIN, April 29- Germany's BGA trade association on Monday slashed its forecasts for exports and imports in 2013 and said trade would not contribute to growth in Europe's largest economy this year due to a slower-than-expected global pickup.
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BERLIN, April 28- Germany's Greens lurched to the left at a party congress in Berlin over the weekend by endorsing a "soak-the-rich" campaign for new taxes, a risky attempt to win power in September's election that upset the party's pragmatist wing.