Within the next few weeks, the European Commission is due to announce plans for a single bank- resolution authority for the euro area, a reform that is crucial for maintaining confidence in Europe’s financial system.
Germans need to re-think whether Bundesbank President Jens Weidmann’s move to lodge a legal challenge against the European Central Bank’s bond-buying program was such a good idea. They don’t have a lot of time.
Madagascar President Andry Rajoelina registered as a candidate for elections scheduled for July, four months after saying he won’t run as part of an agreement to help restore political stability in the country.
German Chancellor Angela Merkel took aim at critics of the euro and her debt-crisis policies, rejecting the suggestion that bailouts of countries in the single currency area breached European treaties.