Italian PM Renzi meets ECB's Draghi as economy slides

(Reuters) - Italian Prime Minister Matteo Renzi confirmed he met European Central Bank President Mario Draghi this week, just days after Draghi urged faster action to overhaul Italy's economy.

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.

Monte Paschi delays approval of new rescue plan

(Reuters) - The board of Monte dei Paschi di Siena (BMPS.MI), Italy's third biggest lender, delayed approval on Tuesday of a restructuring plan aimed at winning European Union approval for a 4.1 billion-euro ($5.5 billion) state bailout and averting nationalization.

German support for euro grows, poll shows

BERLIN (Reuters) - Some 69 percent of Germans want to keep the euro, a new poll showed on Tuesday, the highest level of support since the single currency was introduced in 2002, according to the paper which commissioned it.

S&P warns risk of Cyprus default "material and rising"

Reuters) - Cyprus faces a "material and rising risk" of defaulting on its sovereign debt, especially if the euro zone and International Monetary Fund do not come up with aid, rating agency Standard & Poor's said on Wednesday.

Italy's five and 10-year bond costs lowest since 2010

MILAN: Italy paid less to borrow over five and 10 years on Wednesday than it had since October 2010 as yield-hungry investors looked past forthcoming elections in the country and its poor economic prospects.

Bank of Canada should raise rates in late 2013: IMF

TORONTO (Reuters) - Canada's economy should start ramping up in the second half of next year following a couple years of sluggish growth, allowing the Bank of Canada to resume raising interest rates by the end of 2013, the International Monetary Fund said on Wednesday.

G20 aides say central banks' fix not enough - Mexico

MEXICO CITY (Reuters) - Group of 20 nations want governments to do more to augment central bank actions to reverse a global economic downturn, officials said on Monday.

Austerity in the dock as Europe's debt-stricken leaders meet

(Reuters) - The leaders of countries at the center of the euro zone debt crisis met in Rome on Friday after steep upward revisions to Italy's public debt targets raised growing doubts about the austerity policies being pursued.

G7 to hold emergency euro zone talks, Spain top concern

TORONTO/BERLIN (Reuters) - Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about strains in the 17-nation European currency area.

France, German leaders meet amid euro, Syria crises

PARIS (Reuters) - The French and German leaders meet on Monday in Paris for annual talks in which they will seek further economic coordination in the crisis-hit European Union and discuss the escalating violence in Syria.

IMF seeks $600 bln in new funds, G20 to discuss

WASHINGTON/MEXICO CITY: The IMF is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the plan faces roadblocks from the United States and other countries.