Euro Zone

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Belarus expels Swedish ambassador, EU weighs response

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STOCKHOLM - Belarus has expelled Sweden's ambassador over his actions to support democracy, Sweden's Foreign Minister Carl Bildt said on Friday, as the European Union's foreign policy chief said the bloc would consider responding with "appropriate" measures.

IMF approves funding to Morocco, Jordan

WASHINGTON/RABAT - The International Monetary Fund on Friday approved loans to Morocco and Jordan been hit by costlier energy bills, strains from regional uncertainty and an escalating euro zone crisis.

Business, IMF 03 Aug 2012

Germany's Weidmann draws on diplomatic skills in ECB fight

FRANKFURT - German central bank chief Jens Weidmann is locked in an increasingly tense and high-stakes struggle with European Central Bank President Mario Draghi over the ECB's policy response to the euro zone crisis.

03 Aug 2012

Fiscal pact headache to weigh on Hollande holiday

PARIS - Resurgent divisions in France's ruling Socialist Party over the sway the European Union holds over national affairs could complicate President Francois Hollande's bid to get the bloc's fiscal compact ratified in the weeks ahead.

03 Aug 2012

Factbox - Political risks to watch in France

PARIS - President Francois Hollande has told ministers to stay close at hand during France's August break, as an industrial jobs crisis and relentless euro zone turmoil stop the Socialist government from taking a proper holiday.

03 Aug 2012

Spain inches towards a full EU bailout

MADRID - Spanish Prime Minister Mariano Rajoy inched closer on Friday to asking for an EU bailout for his country, but said he needed first to know what conditions would be attached and what form the rescue would take.

World, Spain 03 Aug 2012

Germany alone in euro zone to issue bonds

LONDON - Germany is the only euro zone country next week to issue bonds, providing sovereign debt markets with a much-needed breather after a turbulent week.

03 Aug 2012

Spain PM says will do what is in best interest regarding aid

MADRID - Spain's Prime Minister Mariano Rajoy said on Friday his government will do whatever is best for the country's interests when asked whether the country would apply for financial aid from the European Union.

03 Aug 2012

Plunge in new orders hits July euro zone business - PMI

LONDON - A sharp drop in new orders compounded the misery among euro zone companies during July, a business survey showed on Friday, forcing firms to lay off staff at the fastest pace since January 2010. | Video

03 Aug 2012

Croatia indicts five over EU funds fraud

ZAGREB - Croatia has indicted five people for cheating clients by promising to secure European Union loans for their companies, state prosecutors said on their website on Friday, in the first Croatian criminal case involving false promises of EU funds.

03 Aug 2012

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