By Axel Bugge and Andrei Khalip. The general election is the first since Portugal exited an international bailout last year. Minority government has a dismal history in Portugal and many worry it could endanger Portugal's fledgling economic recovery.» Read More
U.K. Prime Minister David Cameron has said the debate over the role of the European Union (EU) wasn't surprising given the "stratospheric" levels of unemployment in countries like Spain.
Andrew Sentance, a former member of the Bank of England's monetary policy committee, told CNBC that he doesn't expect more stimulus from the central bank on Thursday.
The decision by the Slovenian government to postpone a parliamentary vote on its budget deficit is the latest blow to the country's plans to overcome its crisis.
The economic situation in the euro area worsened in the second quarter, according to an advance reading by the Ifo World Economic Survey (WES), though expectations for the next six months have brightened.
Cyprus was warned about its "excessive economic imbalances" and was told that financial assistance was "unavoidable" months before it requested aid, the vice president of the European Commission said on Wednesday.
After a string of better-than-expected economic data for the U.K., many are expecting the bank of Bank of England to keep stimulus measures unchanged at its policy meeting this week.
Germany is using its position as the largest economy to turn members of the euro zone into small replicas of itself – and the euro zone as a whole into a bigger one. The Financial Times reports.
After three years of failed austerity policies, the euro zone crisis is set to escalate in 2013-2014. Europe's share of world economy set to plunge to less than 20 percent by 2017.
Germany could be dropping its opposition to a Europe-wide banking union, with the country's finance minister saying it was a "priority."
Napolitano rescued Italy in 2011 by replacing Berlusconi with technocrat Mario Monti. Italy's fate once again depends on the man affectionately known as "King George."
An influx of people from crisis-hit European countries has led to the biggest surge in German immigration in nearly 20 years.
Spain's bailout bill could rise, some bankers and analysts fear, as the worsening economy threatens the "bad bank" and the government's attempt to sell off nationalized lenders.
The ECB can cut its main policy rate even further after decreasing it to a new record low on Thursday, ECB Executive Board member Coeure said.
The euro zone's business downturn dragged on in April, suggesting the region may be falling deeper into recession this quarter, business surveys showed on Monday.
Saying no to Yahoo's bid to take a majority stake in French online video website Dailymotion does not mean the French government is anti-business, the country's foreign minister told CNBC.
Europe's policymakers are starting to recognize chronic unemployment as a crisis in its own right, rather than something that will resolve itself when the economy improves.
On Wednesday, the WTO will decide whether an insider or an outsider will break the deadlock in global trade talks.
Jim O'Neill ended his 18-year career at Goldman Sachs by making one last forecast.
The EU's growth forecasts are proving to be so off the mark, that the real question is whether anyone should even pay attention to them.
The euro zone economy will shrink by 0.4 percent this year and grow 1.2 percent next year, the European Commission said on Friday, but the recovery is expected to be too slow to reduce joblessness.