Eurozone factory growth hits 10-month high, but Greece lags behind – live updates

Rolling economic and financial news, as eurozone officials discuss the slow-moving Greek negotiations Latest: Eurozone manufacturing boosted by weak euro Greece hit by political uncertainty Spanish factory recovery is alive and well On Greece: Economy minister: bailout deal coming next week The Agenda: Euro officials to hold conference call today 10.41am BST Most European stock markets have defied expectations and rallied this morning, reversing yesterday’s slide. The news that eurozone factory growth strengthened last month helped to send shares up in Paris, Frankfurt, Milan and Rome

Greece pledges full list of reforms within the week

Promise comes as German foreign minister declares ties between Berlin and Athens have improved Greece has pledged to pull together a comprehensive list of reforms by the start of next week, in an attempt to unlock fresh funds before Athens runs out of cash in April. Government spokesman Gabriel Sakellaridis said on Tuesday that the programme demanded by Greece’s increasingly impatient creditors would be finished within days

Central banks will be liable for at least 50% of bond risk on ECB QE programme

According to a report in today’s Frankurter Allegemeine Sonntagszeitung citing unnamed sources close to the discussion In proposed ECB QE plans central banks will be liable for at least half of any losses that may arise from buying bonds issued by their own country German taxpayers would then only partly be liable for risks from other countries but preventing participation in losses from other countries would only deal with one problem among many All part of Draghi’s attempt to appease Germany on QE plans along with the meeting he had with Merkel and Schauble which Eamonn reported yesterday but not necessarily convincing everyone it would seem Draghi – look into my eyes, and repeat after me…

Dutch Finance Minister signals no objection to ECB quantitative easing … maybe

Dutch Finance Minister Jeroen Dijsselbloem in an interview with Het Financieele Dagblad (a Dutch daily newspaper focused on business & finance) published on Saturday signaled he would not object to the European Central Bank (ECB) quantitative easing (QE): QE would give banks “more room to invest and finance companies” “That can definitely give the economy of the Eurozone a boost” But … Dijsselbloem’s spokeswoman Simone Boitelle confirmed the newspaper’s quotes were accurate but said some context had been left out She said Dijsselbloem also said some of the reasons to undertake a QE program had been removed by the recent decline in the value of the euro against other major currencies In addition, she said the minister was not confident a QE program would have a large effect, with ECB interest rates already close to zero and yields on government bonds in many Eurozone countries at or near record lows So, a yes, and no, from JD. Reuters Rare footage of Dijsselbloem at an ECB karaoke night