Written by BERLIN–The euro zone must take concrete steps to enhance the political dimension of the European Monetary Union and to firmly enforce fiscal discipline, the German government said in a document. READ MORE »
Posts tagged economic recovery
Treasuries Little Changed Before U.S. Report on Home Resales
Treasuries were little changed before an industry report that economists said will show pending U.S. home resales rose for a third month in April. READ MORE »
Euro hits multi-year low, recovers on short covering
The euro fell below $1.19 for the first time in more than four years on Monday but recovered most losses as U.S. stocks rose slightly and strong German manufacturing data pushed investors to buy back the currency. READ MORE »
Recovery fears dog European shares; banks fall
* FTSEurofirst 300 index down 0.8 pct
* Banks, miners fall on growth worries
* Adidas pressured as Nike warns on costs READ MORE »
Federal Reserve weighs steps to offset slowdown in economic recovery
Federal Reserve officials, increasingly concerned over signs the economic recovery is faltering, are considering new steps to bolster growth. READ MORE »