Greek reforms hit new setback as privatisation chief resigns

In another setback for Greece's reforms, the country's privatisation chief Takis Athanasopoulos has resigned after only a few months in the job, after being charged with dereliction of duty in his former role as chief executive of the public utility PPC.

Shares slip, ECB hopes drive German bonds to 6-week low

LONDON (Reuters) - Worries about the slowing global economy following some gloomy data hit shares in Europe and Asia on Wednesday, although expectations of central bank action to stabilize the euro zone propped up the euro and tempered demand for German bonds.

BOE Tells Banks To Tap Buffers As Risks To Stability Mount

The Bank of England Friday urged banks to run down their emergency cash buffers to support greater lending to the U.K. economy, even as it warned the risks to financial stability have increased.

EU Commission wants Greece to stay in euro zone

BRUSSELS: The European Commission hopes Greece will remain part of the euro zone but Athens must respect its obligations, the European Union's executive Commission said on Monday.

No respite seen for euro zone periphery woes: Poll

LONDON: Deeper recessions, spiralling unemployment and a failure to meet budget deficit targets will afflict the euro zone's most vulnerable economies floundering under austerity, a Reuters poll suggested on Thursday.

Greece to hold referendum on EU aid package

The European debt-relief plan, agreed to last week, has been thrown into doubt as Greece now says it will hold a referendum on whether to approve it.

EU bailout fund chief says 'no deal' with China

he head of the European bailout fund dampened hopes on Friday that China would come to the rescue of the debt-stricken EU, but left the door open for a deal with the world's second-biggest economy.

Eurozone aims to ramp up rescue fund, details deferred

BRUSSELS/ROME: Euro zone leaders intend to multiply the capacity of their rescue fund around fourfold to one trillion euros but details of how they plan to draw a line under Europe's worsening debt crisis will not be nailed until next month, sources said.