Finland Throws Support Behind Greek Bailout It Says Won’t Work

A third Greek bailout won’t work and will only prolong the difficulties plaguing the euro area, according to Finnish Foreign Minister Timo Soini.

Bailout Money Goes to Greece, Only to Flow Out Again

FRANKFURT — The Greek businessman was nervous as he carried a suitcase stuffed with cash through passport control at the Athens airport a few months ago. But the distracted and overworked customs officials waved him through.

Greek banks reopen as Tsipras eyes return to normal

Greeks queued outside banks on Monday as they reopened three weeks after closing to stop the system collapsing, the first cautious sign of a return to normal after a deal to start talks on a new package of bailout reforms.

Central banks will continue to lift prices for years to come

Even after the Federal Reserve raises interest rates, central banks will continue to play an outsize role in bolstering equity and bond market returns, said Russ Koesterich, global chief investment strategist at BlackRock.

Europe's low interest rates a headache for corporate pensions

Frankfurt (AFP) - Historically low interest rates in the euro area are becoming an increasing headache for companies forced to set aside billions in extra cash to meet their pension obligations to employees.

EU Said to Welcome Greek Progress While Seeking More Work

Euro-area finance ministers welcomed the progress Greece has made on meeting the terms of its bailout program while demanding more work before funds can be released, according to two officials.

Europe gives Greece another four months

The deal struck Friday by finance officials in Brussels should keep Greece afloat and safely in the euro while it works out a long term plan for economic recovery.

Greek finance minister enters euro zone lion's den

(Reuters) - Greek Finance Minister Yanis Varoufakis began tense talks with euro zone finance ministers on Wednesday after his new leftist-led government won a parliamentary confidence vote for its refusal to extend an international bailout.

Franc, European shares soar after Swiss currency cap lifted

(Reuters) - Switzerland's move to jettison a three-year-old cap on the franc threw global markets into turmoil on Thursday, sending the currency and most European shares soaring while bond yields and Swiss equities tumbled.

German Growth Outlook Dims as Manufacturing, Services Weaken

German manufacturing and services expanded at the slowest pace in 16 months in November, signaling that growth in Europe’s largest economy will remain sluggish.

Euro zone factory growth sluggish in October as prices fall: PMI

Nov 3 (Reuters) - Euro zone manufacturing activity expanded slightly slower than first thought last month as further discounts at the factory gate failed to drive up new orders, a business survey showed on Monday.

EU Stress Test Shows How Capital Rules Give Room to Hide

The European Union’s toughest-ever stress test was meant to leave banks with nowhere to hide. The results show how the bloc’s capital rules got in the way.

ECB may struggle to buy enough corporate bonds

(Reuters) - Any extension of the European Central Bank's asset-purchase scheme to include company debt risks running into a familiar problem - the ECB may not being able to buy enough of them to make a difference.

Exclusive: Fed's Williams downplays global risks, eyes U.S. inflation

(Reuters) - A bellwether Federal Reserve policymaker on Tuesday downplayed concerns about weakness in the global economy, saying the U.S. central bank should only delay an interest rate hike next year if inflation or wages fail to perk up.

Banks boost equity, loan provisions in H1 ahead of ECB tests

(Reuters) - Attempts by the euro zone's 20 largest banks to anticipate the outcome of European Central Bank stress tests continued in earnest in the first half, as lenders boosted equity levels and set aside more money for bad loans.

Canada’s Oliver Eases Austerity Push as G-20 Gathers

Some Group of 20 countries may need more breathing room to meet their deficit targets with the global economy struggling to pick up steam, Canadian Finance Minister Joe Oliver said.

Show us the money: EU seeks billions of euros to revive economy

(Reuters) - The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund.

Bank of England holds rates despite robust recovery

(Reuters) - The Bank of England kept interest rates on hold on Thursday as Britain's economy continued to thrive, although risks to the recovery both at home and abroad remain.

Italian Bond Yields Fall to Record With Spain’s on ECB Outlook

Italian 10-year government bond yields fell to a record in the week on bets European Central Bank officials will maintain monetary stimulus even as their peers in the U.K. and U.S. consider tighter policy.

Dollar Gains Most Since January on U.S. Economic Growth

The dollar rose the most in six months versus a basket of peers after economic reports showed U.S. growth rebounded, boosting bets the Federal Reserve is on pace to raise interest rates next year.