ATHENS, Greece— Greece's statistics agency says the country's economy grew slightly faster than earlier forecast in the second quarter of the year. The statistics agency said Friday the economy grew 0.9 percent compared to the first three months of the year, faster than 0.8 percent the previously estimated. The growth figures are good news for financially...» Read More
The political risks to the euro zone and its currency have receded and if the area stays on the "right track," the region's crisis could be largely over by the end of the year, Holger Schmieding, chief economist at Berenberg Bank, told CNBC.
Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process.
Italy could see its borrowing costs rise above those of troubled Spain this week, analysts told CNBC on Monday.
Beppe Grillo's anti-establishment 5-Star Movement said it wanted to lead Italy's next government and reiterated that it would not agree to an alliance with any other party.
A large majority of Italians are in favor of staying in the euro zone and are also against holding a referendum on membership, an opinion poll showed on Sunday.
Fitch on Friday cut Italy's sovereign credit rating to BBB-plus from A-minus, citing in part political uncertainty after the country's inconclusive elections.
Former Barclays chief executive Bob Diamond is set to be paid about 2 million pounds ($3 million) in July, a year after he left the bank following its Libor interest rate rigging scandal.
The euro zone may need higher inflation in countries like Germany and lower interest rates across the bloc to ensure a sustained economic recovery brings palpable benefits, the head of the IMF said on Friday.
The euro zone is undergoing serious socio-political fragmentation which could lead to further de-stabilization in the bloc, Nouriel Roubini warned Friday.
European Central Bank President Mario Draghi called on euro zone governments to implement structural reforms on Thursday, warning that the economy should stabilize later in 2013 but that downside risks to growth remained.
Prime Minister David Cameron said on Thursday that the Bank of England had to play its part in getting Britain's economy growing and said the government must curb spending and borrowing.
The head of Britain's central bank called on the government to break up Royal Bank of Scotland so the state-backed lender can return to health and be sold to the private sector.
Swiss bank UBS will tell its employees what bonus they will be receiving for 2012, a year in which staff endured a radical restructuring.
Business surveys showed the chasm between France, Spain, Italy and prosperous Germany widening yet again.
Britain's services sector grew more strongly than expected in February and at its fastest pace in five months, suggesting the economy may narrowly avoid a triple-dip recession, a survey showed on Tuesday.
Europe's much-vaunted trading tax hit an early hurdle on Friday, when the introduction of a small-scale version in Italy saw trading volumes plummet. What's more, analysts warn that Italy's new tax will drive investors elsewhere and will fail to raise any revenue.
Expect the markets to test Mr Draghi's "pay any price, bear any burden" resolve very soon, at which point markets will correct until and unless euro leaders act fast to introduce the fiscal union necessary to maintain the currency's medium-term viability, writes Professor Moorad Choudhry.
Euro zone finance ministers pledged on Monday to agree a bailout for Cyprus by the end of March, but details of how the rescue will be financed are yet to be sorted out.
An inconclusive election in Italy, the region's third- largest economy, rattled investors and caused a sharp fall in Euro-Zone sentiment, Sentix said on Monday.
Italy could be inching closer towards another election within months after center-left leader Pier Luigi Bersani issued an ultimatum to anti-establishment 5-Star Movement boss Beppe Grillo to support a new government or return to the polls.