DUBLIN— Ireland has crafted its second consecutive expansionary budget, with an expected 1.5 billion euros in tax cuts and spending hikes, as the country accelerates its recovery from an international bailout and banking crisis. Ireland required a package of rescue loans in 2010 when the cost of saving Irish banks crippled public finances.» Read More
A sharp drop in German business activity overshadowed an easing downturn in France in April, surveys showed on Tuesday.
Debt levels swelled across the euro zone, but the pressure may be easing as the European Commission signals an end to sharp spending cuts.
European shares closed mixed after disappointing corporate and macroeconomic reports from the U.S.
African finance ministers told their rich nation counterparts at weekend meetings of the International Monetary Fund and World Bank to work harder and faster to kick-start their economies.
German Chancellor Angela Merkel warned on Monday that euro zone members must be prepared to cede control over certain policy domains to European institutions.
Pimco's Bill Gross has launched an attack on Britain and the euro zone for cutting debt with severe austerity measures, warning that such action risks stifling recovery, the FT reports.
Financial market pressure on Slovenia has lain bare how this tiny euro zone state achieved Europe's smoothest transformation from a Communist economy to a market-based model: it only went half way.
The U.K. can't resort to major fiscal stimulus, the head of sovereign ratings at Fitch told CNBC.
Despite the election of Giorgio Napolitano as Italy's president, analysts said a snap election couldn't be ruled out.
Cypriot insurance companies and charity organisations will be affected by a bail-in on deposits in an attempt to minimize the broader impact on savers.
An early peek this week at how the euro zone economy performed in April could cement the case for the next installment in monetary easing by the world's major central banks.
Finance leaders of the G-20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.
Britain's credit standing took a further blow on Friday after Fitch Ratings became the second international agency to strip the country of its top-notch rating.
European shares closed higher on Friday, helped by a rally in mining stocks and better-than-expected output from Anglo American.
Greeks have lost almost a third of their disposable incomes since the debt crisis started more than three years ago, data showed on Friday.
Major debt restructuring for both Cyprus and Greece will probably force the struggling euro zone countries to leave the single currency, according to Citigroup.
Lower inflation resulting from falling oil prices could allow more expansionary monetary policies in Europe, Credit Suisse says.
The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, a top EU official said on Thursday.
Europe must focus on fixing its banking sector, the former governor of the Central Bank of Turkey told CNBC on Friday.
European shares closed mixed on Thursday, after a rally in technology shares was curbed when Nokia released disappointing earnings. Yet more weak U.S. data also weighed on investor sentiment.