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European Union Latest News: ECB Leaves Key Rate Unchanged

Wochit 1:01 mins

The European Central Bank has left its key interest rate unchanged at a record low 0.5 percent, holding off on more stimulus as it waits for a recovery in the 17 European Union countries that use the euro. French President Francois Hollande said talks to set up a free trade agreement between Europe and the United States could begin as long as efforts to clarify U.S. surveillance tactics start in parallel. "The French position is that we cannot start trade negotiations if we don't have at the same time and date a discussion ... with the U.S. to investigate the activities of the U.S. intelligence services," European lawmakers called for rules to limit the cash bonus paid to fund managers, but shied away from demanding the strict bonus caps that they pushed through for bankers earlier this year.

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