Eurozone
  • Italy centre left picks candidate for next PM

    Italy centre left picks candidate for next PM

    By Catherine Hornby, Reuters

    ROME (Reuters) - Italy's centre left voted on Sunday to choose the candidate who will be the leading contender to succeed Mario Monti as prime minister after an election in March and take charge of...

  • EU budget summit ends without deal, retry in 2013

    EU budget summit ends without deal, retry in 2013

    By Charlie Dunmore and Luke Baker, Reuters

    BRUSSELS (Reuters) - European Union leaders failed to reach agreement on Friday on a new seven-year budget for their troubled bloc, calling off talks in less than two days after most countries balked...

  • UK, Germans say deeper cuts or no deal in EU budget

    UK, Germans say deeper cuts or no deal in EU budget

    By Charlie Dunmore and Ethan Bilby, Reuters

    BRUSSELS (Reuters) - Britain and Germany warned on Friday there will be no summit deal on the European Union's proposed 1 trillion euro long-term budget without deeper spending cuts, after the latest...

  • Luxembourg's Yves Mersch appointed to ECB Executive Board

    By Reuters

    BRUSSELS (Reuters) - Luxembourg's Yves Mersch won a position on the European Central Bank's Executive Board on Friday after months of dispute with European Parliament legislators who objected to his...

  • Greece's lenders fail again to clinch debt deal

    Greece's lenders fail again to clinch debt deal

    By Andreas Rinke and Lefteris Papadimas, Reuters

    BERLIN/ATHENS (Reuters) - International lenders failed for the second week to reach a deal to release emergency aid for Greece and will try again next Monday, but Germany signaled that significant...