Many of the top brass of the International Monetary Fund always had concerns about the plans to bail out Greece.» Read More
The ECB on Thursday cut its main refinancing rate by 25 basis points to 0.5 percent, the first rate cut since July 2012, a move Mario Draghi said should help the economy.
Italy might be making friends around Europe for its anti-austerity stance, but the Organisation for Economic Cooperation and Development warned that the country must stick to implementing spending cuts.
Throughout Europe's debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries' problems, and the notion of "taxpayer-funded bailouts" has taken root.
The European Central Bank is under increasing political pressure to act to save the euro zone's moribund economy, with the Irish head of state the latest leader to urge the central bank to change course.
The rot spreading through euro zone manufacturers persisted through April, a business survey showed, bolstering expectations for an interest rate cut by the European Central Bank later on Thursday.
Britain's ruling Conservatives are set to lose hundreds of seats in local polls on Thursday as the anti-European Union UK Independence Party (UKIP) threatens their to hopes of re-election.
The U.K.'s FTSE 100 Index closed off its session highs on Wednesday, after worse-than-expected employment data was released in the U.S. Trade was thin, with most European bourses shut for the May Day public holiday.
Speculation is mounting that the European Central Bank will cut its interest rate of 0.75 percent to 0.5 percent on Thursday to boost growth. Do you think it should?
As labor movement protests take place across Europe to mark the May Day public holiday, U.K. former prime minister Tony Blair warned that the situation in Europe is "very fragile."
The European Central Bank (ECB) and its board members are gathering in the Slovakian capital of Bratislava for what could be one of the most interesting ECB meetings in some time.
Analysts question whether an ECB rate cut on Thursday will offer any relief to small businesses and households in the euro zone.
Moody's rating agency's double notch downgrade of Slovenia to junk status puts the country firmly in the spotlight again amid rising concerns that the heavily-indebted country may seek a bailout.
Cyprus's parliament voted to back an EU bailout on Tuesday, tying lawmakers to impose substantial losses on bank depositors, and wind down one of the its biggest banks.
Alison Cooper, CEO of Imperial Tobacco, said cigarette and tobacco sales in Germany were "excellent," despite EU weakness.
Billionaire investor George Soros has struck back for distorting his arguments on Germany's role in the euro zone.
The odds of a rate cut by the European Central Bank increased significantly on Tuesday after euro zone inflation eased to a two-year low and unemployment hit a new record high.
Increasingly, people on the financially stricken island of Cyprus are focusing their anger on the European Central Bank, the NYT reports.
Spain's GDP figures were in line with estimates from the Bank of Spain, but the country has now reported seven consecutive quarters of contraction and the government is easing up on austerity measures.
With Spain in the doldrums, many Spaniards are coming to the Americas, where economic indicators point admirably upward, the GlobalPost reports.
European shares closed higher on Monday after Italy's new Prime Minister announced his reform plans in his maiden speech to parliament.