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G7 meets in Canada's Far North

Following are comments by finance ministers and other officials after a meeting of the Group of Seven industrialized nations, focused on the euro zone's budget crisis, bank regulation and economic recovery.

Euro zone faces biggest strains since launch

Facing the most severe economic strains since its birth 11 years ago, the euro zone looks likely to hold together for now but the exit of some of its weaker members cannot be ruled out in the long term.

Policymakers try to calm markets amid euro sell-off

European policymakers scrambled on Friday to reassure markets on the stability of their 16-nation currency bloc as investors shed euro assets for a second day on fears about debt-laden member states like Greece and Portugal.

Euro-zone debt worries spread across the globe

The euro and the stocks and bonds of debt-laden members of the currency bloc fell for a second straight day on Friday as fears over Portugal and other European sovereigns spread, pushing investors into safe havens.

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Europe hails but won't copy Obama bank fee plan

Europe's leading economies showed no sign on Friday of adopting U.S. President Barack Obama's proposal for a levy on banks to repay taxpayers for bailouts but vowed to press on with their own ideas to target the sector. The president of the Eurogroup of euro zone finance ministers, Jean-Claude Juncker, said Obama was right to propose the plan, which foresees Wall Street banks paying up to $117 b...

Juncker says U.S. bank fee idea tough to copy in EU

The U.S. idea of recouping the costs of the financial bailout by taxing banks is the right one, the chairman of euro zone finance ministers said on Friday, but it would be difficult to copy in the European Union.

Merkel dismisses market rumor she is to quit

German Chancellor Angela Merkel dismissed market rumors on Friday that she was to resign, saying the speculation was absurd.

Greece lays out deficit cuts

Greece launched an ambitious three-year plan to slash its huge budget deficit on Thursday but failed to convince financial markets it can deliver on the cuts and put a swift end to its fiscal crisis.

US, European officials differ on economic recovery, inflation

The European Central Bank chief is cautious about the prospect of European and worldwide economic recovery while the Philadelphia Fed Bank President is more optimistic about the US economy.

ECB rates firmly on hold

The European Central Bank kept benchmark interest rates unchanged at a record low of 1.0 percent on Thursday with the ECB expected to remain in a holding pattern given uneven growth and low inflation.

Retail sales unexpectedly fall in December

Sales at U.S. retailers unexpectedly fell in December as consumer spent less on vehicles and an array of other goods during the holiday shopping month, data showed on Thursday, raising concerns about the durability of the economy's recovery.

EU exec likely to sue Greece over statistics mess

The European Commission is likely to launch infringement proceedings against Greece for failing to provide reliable statistics on its budget deficit and debt, an EU source with knowledge of the proceedings said on Tuesday.

EU trade chief-designate rejects carbon border tariffs

The European Union should not impose border tariffs on goods from countries that fail to cut back their climate-damaging emissions, the EU's trade commissioner-designate said Tuesday.

EU visit starts in Greece, Stark says no bailout

EU officials arrived in Greece on Wednesday for an inspection visit, hours after ECB Executive Board member Juergen Stark was quoted as saying the bloc would not bail out Greece if its debt problem worsened.

ECB's Stark says EU wouldn't save Greece: report

The European Union would not help bail out Greece if that country's public debt problem continued to worsen, European Central Bank Executive Board member Juergen Stark was reported as saying on Wednesday.

Spain's EU art installation sidesteps controversy

Spain played it safe as it unveiled an artwork to represent its European Union presidency on Tuesday, avoiding the controversy of a year ago when the Czech Republic managed to offend most of the EU.

Hopes for economy drive risk appetite

Optimism about the world economy buoyed global equities on Tuesday, particularly in emerging markets, but the dollar continued its weak start to 2010.

ECB's Bini Smaghi urges looser Asia FX policy -FT

Looser foreign exchange policies in emerging Asia, particularly China, would benefit everyone but the desire for change may have diminished post-crisis, European Central Bank policymaker Lorenzo Bini Smaghi said on Tuesday.

Global investors start 2010 in bullish mood

Financial markets kicked off 2010 on an upbeat note on Monday with world stocks driven close to 15-month highs by hopes of a sustainable economic recovery.

Euro zone deficits must be cut from 2011 latest: Trichet

Banks must provide sufficient credit and governments in the euro zone must reign in public finances to support a global economic recovery in 2010, the President of the European Central Bank said on Sunday.

Euro rates edge down ahead of tender

The interbank cost of borrowing dollars and euros held near record lows on Monday as the market prepared for a U.S. policy decision and the final chance to get cheap one-year money from the ECB.

Fast forward to 2010

To all extents and purposes, 2009 is over for investors and the coming week will be dominated by the issues of 2010.

Greece to outline stability and growth plan next week

Greek Prime Minister George Papandreou will outline fresh plans to cut the country's ballooning deficit after meeting employers and labour unions next week, a Greek official told Reuters on Friday.

EU leaders pledge climate aid despite financial woes

European leaders promised on Friday to provide developing countries with 7.3 billion euros ($10.8 billion) over three years to try to win their support for a climate change deal in Copenhagen.

UK, France to contribute 1.5 billion pounds for climate fund

Britain will contribute along with France at least 1.5 billion pounds ($2.44 billion) to climate finance funding for 2010-2012, British Prime Minister Gordon Brown said on Friday.

ECB takes first steps to rein in market support

The European Central Bank will start to unwind its crisis support for the euro zone economy this month but made clear on Thursday these moves are not meant to signal a coming rise in benchmark interest rates.