FRANKFURT, Nov 27 (Reuters) - Lending to euro zone households and firms contracted further in October, keeping up pressure on the European Central Bank to deliver further stimulus measures to buoy the lacklustre 18-country economy.
Euro zone banks, especially in crisis-stricken countries, have tightened their purse strings in response to tougher capital requirements and a health check of the sector, while companies have held off investments, unsure of the future.
The government has promised to invest half of the money it got from a 2 billion euro mobile frequency auction in 2013 on telecoms infrastructure, aiming to leverage private sector investment on improving access to the high-speed Internet services in ...
TOKYO, Nov 27 (Reuters) - The dollar edged down against the yen and euro in early trade on Thursday after lacklustre U.S. economic data pushed Treasury yields lower and dulled investor appetite for the greenback.
The euro has shed more than 9 percent against the dollar so far this year, as investors priced in a chance of outright bond-buying by the ECB as it grapples with sluggish growth and the threat of deflation.
FRANKFURT (Reuters) - The euro zone's economy needs a comprehensive strategy including reforms to get it back on track, the president of the European Central Bank said on Thursday, adding that the task could not be left to monetary policy alone.