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candidate in italian election reverses stance on euro exit


a populist candidate for italy’s premiership says european union rules for the euro currency must change, but he’s no longer backing a eurozone exit.luigi di maio, a leader of the opposition 5-star movement, said on a late-night tv talk show that ended wednesday morning that he doesn’t believe “it’s the moment to exit” the single currency.he said in follow-up remarks to private italian tgcom24 tv: “it’s time to modify the rules around the euro, not to exit from the euro.”last month, di maio said he’d back an exit from the euro if it were proposed in a “last-resort” referendum.most read storiesunlimited digital access. $1 for 4 weeks.on wednesday, he said “everything has changed” politically in europe, citing germany’s current inability to form a government, among other factors.the 5-star m






macron victory eases path for stronger euro


as political risks to the euro wane, analysts now expect the currency to follow eurozone economic growth higher, leaving a long period of weakness behind it.the euro fell against the dollar monday, but investors believe that emmanuel macron’s victory in the french presidential election should alleviate some of the political concern that has dogged the currency. investors say they can now refocus to europe’s economic recovery, a...






le pen wavers on euro as parliamentary election looms


paris—opposition to the euro is wavering inside france’s far-right national front party due to infighting over whether its signature policy is to blame for marine le pen’s failed presidential bid.ms. le pen’s vow to withdraw france from the euro underpinned a presidential campaign that led her to the final runoff in the country’s two-round election. her stinging loss to emmanuel macron, who is unabashedly pro-european, has left party bosses pointing fingers. this week ms. le pen waded into the debate, expressing concern...






romania's ruling party says no euro decision has been made


bucharest, romania — a senior politician has downplayed speculation that romania is planning to adopt the euro as its currency by 2022, saying further evaluation work is required before any decision is made.liviu dragnea, chairman of the ruling social democratic party said tuesday that the government had not had a "serious analysis" about adopting the euro. his comments follow a suggestion last week from foreign minister teodor melescanu that romania could start using europe's single currency by 2022.dragnea said a study needed to be conducted involving the central bank, the government and parliament, before any decision on replacing the leu with the euro is made.romania has one of the fastest-growing economies in the european union.






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macron victory eases path for stronger euro


as political risks to the euro wane, analysts now expect the currency to follow eurozone economic growth higher, leaving behind it a long period of weakness. the euro dipped against the dollar on monday, but investors believe that emmanuel macron’s victory in the french presidential election should alleviate some of the political concern that has dogged the currency. investors say they can now refocus to europe’s economic recovery, a performance that is also likely to push the european central bank closer to tapering the...






carvalho: portugal want global glory


ricardo carvalho helped portugal win uefa euro 2016defender, 39, won 89 caps and was a euro runner-up in 2004he discusses cristiano ronaldo & portugal's confed cup prospectsat major tournaments, the line between success and failure can be wafer-thin. ricardo carvalho knows that better than most.last year, he was part of the portugal squad that made history at uefa euro 2016. while helping the team to glory, he wrote his own name into the record books, becoming the oldest player in the tournament's history - 53 days after his 38th birthday - to claim a winner's medal. "i was proud of that," he acknowledged. "[it showed] nothing is impossible."but 12 years earlier, he was part of another, arguably more talented portugal squad - containing the likes of luis figo, rui costa, deco and a young c






france's le pen would accept exit of rival on euro issue


paris — tensions are mounting between french far-right leader marine le pen and her national front party's no. 2 figure over whether the party should abandon its push to quit the shared euro currency.le pen, who lost france's presidential runoff earlier this month to emmanuel macron, acknowledged monday that leaving the euro worries many french. the topic is not on the party's agenda for france's two-part june 11 and june 18 legislative election.le pen is running for a parliamentary seat in next month's elections, but her party is facing divisions. national front no. 2 florian philippot threatened again monday to quit the party if it drops the euro exit plan.le pen, meanwhile, told france-info television that she doesn't consider philippot's warning "blackmail" and said it would be "to his






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le pen would accept exit of french party no 2 on euro issue


paris — french far-right leader marine le pen says she would find it natural if the national front's no. 2 official leaves the party if it drops one of the top issues she defended during her unsuccessful run for the presidency: giving up the euro currency.le pen said monday that it would be "to his credit" if florian philippot followed his convictions and left, as he has said he would.le pen told france-info television that she doesn't consider as "blackmail" philippot's recent warning that he would leave if the party drops an exit from the euro.the subject divides the national front, but isn't on the agenda for june 11 and june 18 legislative elections. it's to be dealt with at a party congress. no date has been set.






le pen win in france could hit markets, endanger the euro


frankfurt, germany (ap) — the french presidential election could be a turning point for europe’s biggest economic project, the shared euro currency.markets are mostly expecting a pro-euro candidate such as former economy minister emmanuel macron to win. and that leaves room for a very sharp drop in markets — and a blow to the longer-term prospects for the survival of the euro — if the winner turns out to be national front candidate marine le pen, who wants to take her country out of the common currency and the european union.here’s a look at what the election outcome could mean for markets and for the european economy.___most read stories3-course dinners for $32 starting april 2.what happens if le pen wins?most market participants seem to assume that le pen will fail. polls show she has a






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french presidential election outcome could hit markets, endanger the euro


by david mchugh,the associated pressfrankfurt, germany — the french presidential election could be a turning point for europe’s biggest economic project, the shared euro currency.markets are mostly expecting a pro-euro candidate such as former economy minister emmanuel macron to win. and that leaves room for a very sharp drop in markets — and a blow to the longer-term prospects for the survival of the euro — if the winner turns out to be national front candidate marine le pen, who wants to take her country out of the common currency and the european union.here’s a look at what the election outcome could mean for markets and for the european economy.what happens if le pen wins?most market participants seem to assume that le pen will fail. polls show she has a good chance to be one of the to






football fan jailed for pushing man on to tube track


an england football fan has been jailed for 10 years for pushing a man on to live tube tracks shortly before a train arrived.christopher cole told the old bailey he pushed polish builder david pietraskzek at bond street station because he was angry at russian fans' behaviour during euro 2016.england fan jailed for pushing man in front of tube






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cristiano ronaldo has become the first player to manage 100 goals in uefa club competition, adding to a collection of marks unparalelled for any european player. we see which marks the real madrid and portugal forward holds at the age of 31.national teammost euro finals appearances: 21most euro finals goals: 9 (level with michel platini)most euro final tournaments scored in: 4only player to score three goals in multiple eurosmost euro goals including qualifying: 29most goals in uefa euro and european fifa world cup qualifiers: 44most portugal caps: 138most portugal goals: 71watch all 100 of ronaldo's european goalsclubtop scorers in all uefa competitions (men's/women's/club/national team/youth/futsal/amateur)*1 cristiano ronaldo 1342 raúl gonzález 1063 lionel messi 97 (next non-european is






eiffel tower to get 2.5-metre gl security wall


a gl wall 2.5 metres (eight feet) high will be erected around the eiffel tower in paris this autumn, part of a multi-million euro plan to prevent attacks on the iconic monument, the city said thursday.the wall will replace the metal fences thrown up around the 324-metre (1,063-foot) iron lady during the euro football tournament last year.“the terror threat remains high in paris and the most vulnerable sites, led by the eiffel tower, must be the object of special security measures,” said deputy mayor jean-francois martins.the wall will prevent individuals or vehicles storming the site visited by six million people each year, he added.security has been boosted after a string of jihadist attacks that claimed 238 lives around france between january 2015 and july 2016.






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top french banker: le pen's euro exit would cost billions


paris — france's central bank chief says that presidential candidate marine le pen's proposal to leave the euro currency would cost the country more than 30 billion euros ($32 billion) a year in extra debt interest.francois villeroy de galhau vigorously defended the euro on france-inter radio monday, warning voters not to believe le pen's nationalist promises of stronger purchasing power if france abandons the shared currency.villeroy de galhau said leaving the euro would unleash high inflation, devastating individuals' savings.a major question is how le pen would handle france's considerable debt. she said last week she would redenominate most of it into a new currency.the central bank chief estimated that the extra debt interest would be over 30 billion euros a year, roughly equivalent t






euro dodges new crisis with macron win, but needs fixes


lisbon, portugal (ap) — vitor rodrigues remembers when they told him in the 1990s that the euro would bring affluence. the owner and only full-time employee of the leituria bookstore on a leafy street in lisbon’s estefania district says he believed it.“now i feel very disenchanted,” the 47-year-old says at his cash register. “the euro has served macro interests, not the man in the street. it’s been good for banks and for political careers but it hasn’t brought us any great benefits.”the euro, the target of populist politicians who claim it has inflicted undue economic pain on europeans, has a new lease on life after emmanuel macron, a firmly pro-euro moderate, won the french presidential election this week. his rival, the right-wing marine le pen, had wanted to pull france out of the bloc,






euro dodges new crisis with macron win, but needs fixes


lisbon, portugal — vitor rodrigues remembers when they told him in the 1990s that the euro would bring affluence. the owner and only full-time employee of the leituria bookstore on a leafy street in lisbon's estefania district says he believed it."now i feel very disenchanted," the 47-year-old says at his cash register. "the euro has served macro interests, not the man in the street. it's been good for banks and for political careers but it hasn't brought us any great benefits."the euro, the target of populist politicians who claim it has inflicted undue economic pain on europeans, has a new lease on life after emmanuel macron, a firmly pro-euro moderate, won the french presidential election this week. his rival, the right-wing marine le pen, had wanted to pull france out of the bloc, with






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lisbon, portugal — vitor rodrigues remembers when they told him in the 1990s that the euro would bring affluence. the owner and only full-time employee of the leituria bookstore on a leafy street in lisbon’s estefania district says he believed it.“now i feel very disenchanted,” the 47-year-old says at his cash register. “the euro has served macro interests, not the man in the street. it’s been good for banks and for political careers but it hasn’t brought us any great benefits.”the euro, the target of populist politicians who claim it has inflicted undue economic pain on europeans, has a new lease on life after emmanuel macron, a firmly pro-euro moderate, won the french presidential election. his rival, the right-wing marine le pen, had wanted to pull france out of the bloc, with likely pa






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french vote fuels hopes for growth


the ascension of centrist emmanuel macron as the heavy favorite in france’s presidential race spurred investors to set aside the political worries that have long plagued european markets and to make new bets on economic growth.mr. macron is now seen as the leader in may 7’s runoff against second-place finisher marine le pen, whose pledge to dismantle the euro had damped prices of euro assets and the common currency itself....






french vote fuels hopes for growth across europe


the ascension of centrist emmanuel macron as the heavy favorite in france’s presidential race spurred investors to set aside the political worries that have long plagued european markets and to make new bets on economic growth.mr. macron is now seen as the leader in may 7’s runoff against second-place finisher marine le pen, whose pledge to dismantle the euro had damped prices of euro assets and the common currency itself....






eu proposes ways to shore up the euro over coming decade


london (ap) — the european union’s executive outlined wednesday a series of measures it thinks could shore up the euro currency in the coming decade, ideas that were raised — and often rejected — during the eurozone’s debt crisis.in a wide-ranging paper designed for discussion, the european commission said there is a “growing awareness” that further steps are needed to complete the euro’s financial architecture.the euro’s shortcomings really came to the fore during the debt crisis that affected many of its members, notably greece, from 2010 on. the eurozone’s member states and its main bodies, like the european central bank, found themselves firefighting the crisis and trying various solutions. though new institutions have been created, such as a bailout fund, and there is now more coordin






ecb weighs future of stimulus, but its path is complicated by a strong euro


frankfurt—the european central bank has begun to consider how quickly it will reduce its purchases of government bonds in 2018, and the pace of tapering will depend in part on the euro’s strength, mario draghi said thursday.the eurozone economy has grown more strongly this year than policy makers had expected, and the central bank’s economists again raised their forecast in new projections revealed by the ecb’s president....






euro's strength a key theme when ecb chief talks stimulus


frankfurt, germany — markets are waiting to see whether european central bank president mario draghi will try to talk the euro down as he discusses the future of stimulus for the 19-country eurozone economy.draghi is slated to hold a news conference after thursday's meeting of the bank's 25-member governing council.the rise in the currency's exchange rate is complicating life for the central bank. the exchange rate has risen 14 percent this year to $1.20, and that could hurt exports and lower inflation, which the ecb is trying to raise.so far, draghi has not expressed public concern and analysts are speculating he may now use the news conference to address the issue.the euro is up on expectations that the ecb will begin scaling back its bond-purchase stimulus beginning in january.






czech leader: country needs to set date for adopting euro


prague — czech prime minister bohuslav sobotka says his country will need to set a date for adopting the euro, the common european currency, following the presidential election in france and the forthcoming ballot in germany.the country is officially committed to join the euro but the previous governments as well as the current center-left coalition government led by sobotka's social democrats have set no target date.sobotka says he expects that with emmanuel macron as france's president and after september's election in germany, his country might find itself on the periphery of the eu.he said tuesday: "sooner or later, we will have to answer a question...when we will be able to adopt the current european currency?"sobotka said the right time for such a debate will be october's parliamenta






german business confidence dipped ahead of election


frankfurt, germany — a closely watched survey says german business optimism took a dip in september ahead of federal elections and amid concerns about a stronger euro.the ifo business climate indicator fell to 115.2 points from 115.9 in august.stephen brown, european economist at capital economics, says the stronger euro may have weighed on sentiment. a stronger currency can hurt a country's exports. the euro has risen to around $1.20 from $1.05 at the start of the year.nonetheless, the survey result remains well above the long-term average since 1991 of 102.1 as germany enjoys steady growth and low unemployment.the survey published monday by the munich-based ifo institute is a leading indicator, meaning it is intended to give a sense of where the economy is going in coming months.






currency rates hit new low at airport bureaux de change


image copyrightgetty imagestravellers buying their currencies at uk airports are being offered as little as 86 euro cents to the pound.foreign exchange broker fairfx, which carried out a survey for the bbc, said this rate, from moneycorp at southampton airport, was the worst at any airport bureau de change. the average euro rate across 16 big uk airports was higher, at 95 euro cents to the pound.ten months ago the average at these outlets stood at 99 euro cents.southampton airport 0.86 eurosheathrow terminal 2 0.91 eurosstansted airport 0.91 eurosnewcastle airport 1.05 eurosgetty imagesjames hickman, chief commercial officer at fairfx, said the fact that airport rates are so low - much worse even than at high street banks - shows that the bureaux de change firms are taking advantage."in re






currency rates hit new low at airport bureaux de change


image copyrightgetty imagestravellers buying their currencies at uk airports are being offered as little as 86 euro cents to the pound.foreign exchange broker fairfx, which carried out a survey for the bbc, said this rate, from moneycorp at southampton airport, was the worst at any airport bureau de change. the average euro rate across 16 big uk airports was higher, at 95 euro cents to the pound.ten months ago the average at these outlets stood at 99 euro cents.southampton airport 0.86 eurosheathrow terminal 2 0.91 eurosstansted airport 0.91 eurosnewcastle airport 1.05 eurosgetty imagesjames hickman, chief commercial officer at fairfx, said the fact that airport rates are so low - much worse even than at high street banks - shows that the bureaux de change firms are taking advantage."in re






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