Italy wants mentality change, not looser EU budget rules: PM Renzi

(Reuters) - Italy wants a change in European "mentality" and not looser budget rules, Prime Minister Matteo Renzi said on Friday, adding that he would propose an ambitious agenda for when Rome assumes the rotating European Union presidency next month.

Britain's productivity: still a puzzle for policymakers and industry leaders

In a modern mill in a small industrial estate in the textile town of Bury, Lancashire, more than 100 whirring machines roll out 11m metres of high strength fabric every year.

Britain 'will be Europe's top economy by 2030'

A rising population, a low-tax regime and insulation from the worst of the eurozone's problems leave Britain on course to overtake Germany as Europe's biggest economy within the next two decades, according to a study released on Thursday.

UK economy finally set for sustained growth, says Bank of England deputy

Britain is finally set for a sustained period of growth but the recovery will be modest by historical standards, Charlie Bean, the deputy governor of the Bank of England, has said.

Britain readies banks for return to private ownership

LONDON: Britain will give its strongest indication yet that it is ready to return part-nationalised Lloyds Banking Group and Royal Bank of Scotland to private ownership later this month, political and industry sources said.

E.U. States Get Blessing for Financial Trading Tax

BRUSSELS (Reuters) - Eleven euro zone countries won approval on Tuesday for a tax on financial transactions aimed at shifting more responsibility for the region's crisis onto banks despite fears it could drive business out of Europe.