EU's Juncker wins approval with 'grand coalition' program

(Reuters) - Jean-Claude Juncker won a wide endorsement from the European Parliament on Tuesday to be the next head of the executive European Commission after setting out a "grand coalition" investment programme to help revive Europe's economy.

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.

IMF sees room for ECB easing, case for slower euro zone deficit cuts

BRUSSELS: Some euro zone countries which are meant to cut budget deficits below 3 per cent of GDP in 2013 may need more time and there is room for a more expansionary policy from the European Central Bank, IMF Deputy Managing Director Nemat Shafik said.

Europe's reform drive risks running out of steam

PARIS: European leaders are caught between former White House chief of staff Rahm Emanuel's injunction "You never want a serious crisis to go to waste" and Luxembourg Prime Minister Jean-Claude Juncker's admission that "We all know what to do. We just don't know how to get re-elected after we've done it."