Franco-German EU deal puts onus on Francois Hollande to reform

PARIS: A Franco-German deal to strengthen the euro zone has ended months of bickering between Paris and Berlin and raised the onus on French President Francois Hollande to embark on potentially explosive social and economic reforms.

Banking union in euro zone needed within months: ECB's Christian Noyer

PARIS: Euro zone countries need to establish a banking union within the coming months, European Central Bank Governing Council member Christian Noyer said on Wednesday, urging member states to speed up the pace.