A "ring of defense" has to be built around eastern European neighbors Romania, Bulgaria and Serbia to help them cope with the fallout from a possible Greek exit from the euro zone, bankers said on Friday.
The European Bank for Reconstruction and Development (EBRD) expects the economies of Eastern Europe and the former Soviet Union, as well as four countries in the Middle East and North Africa, to experience a "substantial" slowdown this year because of fallout from the euro zone crisis.
Euro zone policymakers should take a leaf out of the Federal Reserve's book when it comes to stimulating growth, as the rift between the world's two largest economies widens, according to analysts.
The French housing market would be the next bubble to pop if the European Central Bank increases interest rates, or if markets begin to perceive the same fundamental weaknesses in France as they currently do in Spain, analysts at Danske Bank wrote in a market note.
An old superstition says stock market investors should sell in May and go away, as returns in the period between May and September are typically weak. So is Monday's sharp drop in the main indexes a sign that this year, the selling begins even before May?
A lawyer representing the bulk of claimants in the hacking case against News Corp.'s UK newspaper business said the UK company, News International, faces 46 more civil lawsuits in British courts, the Wall Street Journal reported on Friday.