Germany Bundesbank Takes Aim at ECB Rescue Plan, European Central Bank Next Policy Meeting on May 2

Germany Bundesbank takes aim at ECB rescue plan, German central bank says ECB's justification for scheme relied on 'strongly subjective elements' in assessing the effectiveness of so-called transmission mechanism

From Eurozone, Push to scale back EU audit reforms, European lawmakers also oppose proposed controversial crackdown on consulting work that could have forced break-up of big accountancy firms

Angela Merkel speech highlights European divide, The German leader underlined the gulf at the heart of the eurozone when she waded into interest-rate policy, days before an expected cut by the ECB

Meanwhile, Germany offers backing for Hollande, Berlin has voiced support for giving Paris extra time on meeting its deficit target despite the French doing little to assuage concerns about growth

European Central Bank next policy meeting on May 2, Market analysts are split on the prospects of lower overnight borrowing costs being announced by the European Central Bank on May 2