UK recovery stronger than thought, official data shows

The Office for National Statistics has revised up its estimates for UK Gross Domestic Product during and after the recession.

Banks may have to set aside more to cover bad loans

Changes to international accounting standards will mean banks have to record potential losses from their loan portfolios sooner, rather than waiting for borrowers to default.

Britain and Cameron in EU danger zone, say experts

London (AFP) - David Cameron's failure to prevent Jean-Claude Juncker from becoming the new European Commission president risks pushing Britain out of the EU unless he builds bridges to secure reforms before a 2017 referendum, experts say.

EU should consider its business in Russia when deciding on sanctions - Kremlin

May 24 (Reuters) - The European Union should consider the interests of European companies working in Russia when deciding on whether to impose sanctions on Moscow over its involvement in Ukraine, President Vladimir Putin's top economic aide said on Saturday.

EU to approve bank rules before May election slows legislative machine

(Reuters) - The European Union will sign off on a slew of major reforms this week to allow failing banks to be wound down without public money, clearing its desk before elections in May that may lead to a slower pace of legislation.

IMF signs off on latest review of Romania aid program

(Reuters) - The International Monetary Fund approved the first and second reviews of Romania's aid deal on Wednesday, after weeks of bickering over taxes between the government and the president threatened to derail years of deficit-cutting reforms.

UK financial body urges quick action over foreign exchange 'fixing'

LONDON (Reuters) - Regulators should deal quickly with allegations that banks have rigged the $5.3 trillion-a-day foreign exchange market to avoid harming Britain's reputation as a financial centre, a top industry official said on Tuesday.

Conflict in Ukraine would destroy regional stability: PM

KIEV (Reuters) - Ukrainian Prime Minister Arseny Yatseniuk warned on Monday that a military conflict in his east European country would threaten the stability of the whole region.

Ukraine Upheaval Spurred by 28% Rates Limiting Buyers

On most days after work, Valentine Diatlenko joins the thousands of anti-government protesters in Independence Square who demand that Ukraine link its future to the European Union.

EU seeks to increase influence on global accounting rules

(Reuters) - The European Union is seeking to increase its influence over global accounting standards by beefing up the agency that scrutinizes new rules and in certain cases tweaking how they are applied in the bloc.

EU, US aim to overcome key trade talks barrier by January

Differences on norms set for anything from food and aviation safety, to standards for electric cars or the regulation of financial services, stand in the way of efforts to strike an ambitious transatlantic deal creating the world's largest free trade area.

Greek premier Antonis Samaras says economic pain will ease next year

ATHENS: Greece's economic pain will ease in 2014 as it exits a recession that will be less acute than forecast this year, helping the country meet its bailout targets, Prime Minister Antonis Samaras said on Saturday.

EU to start trade talks with US despite scandal

BRUSSELS: The European Union confirmed Tuesday that free-trade negotiations with the United States should kick off as planned next week, despite widespread concerns over the alleged eavesdropping of EU diplomats.

Portugal warns of deficit target miss

LISBON: Portugal may request a third revision to deficit targets agreed with EU-IMF creditors as part of its 78-billion euro international bailout, Prime Minster Pedro Passos Coelho warned Friday.

EU, IMF working on Greek debt compromise: Official

ATHENS: The EU and the International Monetary Fund are working on a compromise to break deadlock on Greece's debt mountain which has held up the latest rescue loans, a Greek finance ministry source said on Friday.

Greece makes austerity push, workers gear for strike

ATHENS: Greece's government presented a new austerity package to parliament on Monday as a week of strikes and protests kicked off over proposals that lawmakers must approve if the country is to secure more aid and stave off bankruptcy.

Spain’s Plea for Fiscal Leniency Challenges Rules

ONLY months after they tightened the rules for the euro, Europeans are again confronting a question posed a decade ago: Is their rule book in fact a little stupid?

Austrian chancellor backs EU treaty change: report

VIENNA (Reuters) - Austrian Chancellor Werner Faymann backs changes to the European Union treaty that would create a political and economic powerhouse even at the cost of relinquishing some national sovereignty, he told a Sunday newspaper.

EU settles for 2% budget increase

The European Union has been forced to accept a 2% rise in its budget next year - much less than the increase it wanted of around 5%.

EU determined to ensure eurozone financial stability

ZURICH: The European Union is "resolutely determined" to ensure the financial stability of the eurozone, the bloc's President Herman Van Rompuy said Wednesday.