Eurozone
  • Euro top jobs tussle to leave ECB Board seat empty

    Euro top jobs tussle to leave ECB Board seat empty

    By Marc Jones, Reuters

    FRANKFURT (Reuters) - A power struggle between Germany, France and Spain is set to leave a seat vacant on the European Central Bank's six-member board in the middle of a potentially devastating...

  • GOP Bets On Austerity to Lead Them to Victory

    A year ago, Republicans ran away from Rep. Paul Ryan’s draconian budget plan after Democrat Kathy Hochul won a special House election in a heavily Republican upstate New York district by attacking...

  • Eurozone Prepares for 'Grexit' Ahead of Summit

    By CLAIRE DAVENPORT and JAN STRUPCZEWSKI, Reuters

    Euro zone officials have told members of the currency area to prepare contingency plans in case Greece decides to quit the bloc, an eventuality which Germany's central bank said would be "manageable."

  • Spain to inject $11.3 billion funding gap at Bankia

    Spain to inject $11.3 billion funding gap at Bankia

    By Jesús Aguado and Sarah White, Reuters

    MADRID (Reuters) - Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion euros ($11 billion), as the government tries to clean up a banking system that threatens...

  • Ailing demand shrinks Greek current account gap

    Ailing demand shrinks Greek current account gap

    By Reuters

    ATHENS (Reuters) - Greece's current account deficit narrowed by close to a fifth in March, data showed on Wednesday, reflecting a sharp drop in imports as the country's austerity-hit consumers...