German cabinet clears way for Europe's banking union

(Reuters) - Germany's cabinet has approved a package of draft laws which effectively give the go-ahead to Europe's plans for banking union - its main confidence-building response to the crisis in the financial sector, a government source said on Wednesday.

Europe needs to stick to reform path to secure growth: ECB's Mersch

(Reuters) - European policymakers should not give up on efforts to make their economies more efficient and stick to budget rules, despite a strong protest vote in European Parliament elections, the ECB's Yves Mersch said on Saturday.

Europe prepares to come clean on hidden bank losses

(Reuters) - Euro zone countries will consider on Monday how to pay for the repair of their broken banks after health checks next year that are expected to uncover problems that have festered since the financial crisis.

S&P says Cypriot deposit grab may set euro zone precedent

(Reuters) - The grab on bank deposits that accompanied Cyprus's bailout could be repeated elsewhere in the euro zone, and the bloc's banking union may not be strong enough when it is introduced, Standard and Poor's said on Wednesday.

Merkel sets limits on euro zone risk-sharing

BRUSSELS: European leaders agreed on Friday t o press on with further steps to tackle t hei r debt crisis bu t German Chancellor Angela Merkel threw out a proposal to boo st risk-sharing with a fund to help eur o zone states in trouble.

ECB chief Mario Draghi sees 'relative return' of eurozone confidence

FRANKFURT: European Central Bank president Mario Draghi told a banking conference on Friday that there had been a "relative return of confidence" in the future of the eurozone.

Mario Draghi backs Wolfgang Schaeuble's 'super commissioner' plan

The head of the European Central Bank has thrown his weight behind a German scheme to allow the EU to intervene in countries' budgets and propose changes before they are agreed in parliaments.

IMF: eurozone in critical danger, ECB should launch QE

The eurozone is in "critical" danger and the European Central Bank should play a bigger role in fighting the debt crisis through more rate cuts, QE and further liquidity provision, the International Monetary Fund has said.