The European Central Bank is considering whether to let Cypriot police see confidential documents as part of a criminal probe into emergency lending by the Cypriot central bank, two euro-area officials with knowledge of the matter said.
European leaders struggling to overcome the scourge of joblessness among the region’s youth said today they’ll boost funds to combat the issue even while relying on economic growth to generate employment.
European Commission President Jose Manuel Barroso’s claim that the U.S. is to blame for Europe’s debt crisis is “foolish” and further undermines confidence in the region, investors managing more than $400 billion said.
European Commission President Jose Manuel Barroso warned against a fragmentation of the euro area and said leaders should move ahead to make all European Union member states a part of the single-currency area.
European Commission President Jose Manuel Barroso said the European Union is convinced that a Greek default would be more costly than the current bailout efforts, Bild-Zeitung reported, citing an interview.
Hungary’s new government, which is seeking permission from international creditors for a wider budget deficit , must instead accelerate fiscal consolidation, European Commission President Jose Manuel Barroso told Prime Minister Viktor Orban .
Spain’s 100 billion-euro ($126 billion) bailout appears to be “more than sufficient” to recapitalize and restructure its financial system, European Commission President Jose Manuel Barroso said in an interview with Veja magazine.