Euro zone businesses ramped up activity this month, just as the European Central Bank starts printing money to spur growth and inflation, while a slowdown among Chinese factories has fueled calls for more stimulus there.
Tags: Euro zone
Greece sends updated reforms, pledges to pay IMF on time
Greece sent an updated list of reforms to lenders on Wednesday to try to unlock financial aid and avoid a default but euro zone officials said more work was needed before new funds could be released.
Solid start to second quarter for European stocks, dollar
European stock markets made solid starts to the second quarter on Wednesday as data pointing to a gradual recovery in the euro zone economy gave investors fresh impetus after their blowout first few months of the year.
Berkshire's Buffett says Grexit 'may not be bad' for euro zone: CNBC
Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said Tuesday that an exit by Greece from the euro zone could be constructive for the region.
Greece says not backing down on debt relief goal
Greece has not given up on its aim to renegotiate its debt to render it manageable, the country's deputy finance minister said on Monday as talks between Athens and its lenders on reforms to unlock aid continue.
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British inflation vanished last month, hitting zero for the first time on record, official figures showed on Tuesday. The annual rate of consumer price inflation dropped to zero percent, from 0.3 percent in January, the Office for National Statistics said, keeping a rate rise by the Bank of England firmly off the table for now.
Markets still digesting an unexpectedly cautious message from the Federal Reserve will get more food for thought this week with U.S. inflation data and potentially rising risks of a Greek exit from the euro zone.
With incendiary interviews, an undiplomatic demeanor, a celebrity photo shoot and an obscene finger gesture, Yanis Varoufakis is becoming part of Greece's debt problem rather than the solution, or so his euro zone partners believe.
Greece frustrated its main creditors on Tuesday by refusing to update euro zone peers on its reform progress at a scheduled teleconference, insisting instead that the discussions should be escalated to Thursday's European Union summit.
Once depicted as a "Blue Banana" stretching from Manchester to Milan, Europe's industrial heartland has moved eastwards just as its political center of gravity has shifted to Germany.
Warning Greece it had "no time to lose", euro zone ministers agreed technical talks between finance experts from Athens and its international creditors would start on Wednesday with the aim of unlocking further funding.
Greece's euro zone membership is a given and does form part of negotiations with the country's lenders, the finance ministry said on Sunday.
The head of the euro zone finance ministers responded positively to Greece's request for an immediate start to technical talks with international creditors to conclude the country's current bailout program, a Greek government official said on Saturday.
China's cooling growth prospects and an interest rate decision in Russia will shift the economic agenda away from the euro zone next week, although Greece remains firmly in the spotlight because of its precarious funding outlook.
