Our live blog is tracking a European sell-off after disappointing figures from the likes of Societe Generale.» Read More
Ireland has gone from having "no credibility or integrity internationally" and unsustainable debt to a recovery based on tough cost savings, but the pain is not over yet, Irish Prime Minister Enda Kenny told CNBC.
The European Central Bank is not about to remove the crisis measures it deployed to help the ailing euro zone economy, the central bank's chief said on Wednesday.
Europe is embroiled in a Japan-style "lost decade" and must solve its political problems before the economic crisis can be resolved, according to Charles Beazley, CEO of Nikko Asset Management.
Economic and business confidence in the euro zone improved for the fourth straight month in February, the European Commission said on Wednesday, as factories saw their order books filling up.
They find the language difficult and the locals as chilly as the weather but for young Spaniards Berlin has become a popular spot to sit out the economic crisis at home.
The European parliament and EU states could agree on Wednesday to impose caps on bankers' bonuses, a measure that would channel public fury at financial sector greed, but which opponents say marks a reckless overreach by Brussels.
The U.K. has a plateful of economic problems to contend with right now. A 1-notch downgrade to its credit rating isn't one of them, writes Moorad Choudhry.
Spain said it was extremely worried about the impact of Italy's deadlocked election result, warning on Tuesday the deadlock could affect the entire euro zone.
Political deadlock in Italy could provoke upheaval in the euro zone economy, as well as in the currency and equity markets, analysts told CNBC.
Germany's central bank has called on France to stick to its EU-mandated budget deficit target, saying that any slippage by such a eurozone heavyweight would further undermine confidence in the bloc's fiscal discipline. The Financial Times reports.
European markets are braced for a sell off on Tuesday as Italy's election results could result in a political deadlock, causing economic chaos and further damage to the euro zone.
Italy faced political deadlock on Tuesday after a stunning election that saw the anti-establishment 5-Star Movement of comic Beppe Grillo become the strongest party in the country.
Fed Chairman Ben Bernanke is expected to provide soothing words about the Fed's easy money policies, but markets may react more to new bearish concerns out of Europe.
World markets turned volatile on Monday, with fears of a hung parliament in Italy rippling across the globe, as the outcome of its general election remained highly uncertain.
Forty-five people have been arrested in Spain during disturbances following a demonstration on Saturday by tens of thousands of people against spending cuts and allegations of government corruption.
Cypriot president-elect Nicos Anastasiades faces weeks of difficult talks with foreign lenders on a financial rescue for the island nation after sweeping to a resounding victory in a run-off election on Sunday.
At the root of Moody's decision to downgrade Britain's credit rating is a crucial economic reality: Britain has begun to trail its peers in Europe - even bailed-out euro zone economies - when it comes to bringing down its budget deficit and making it attractive for foreigners to buy its exports. The New York Times reports.
Moody's downgrade is a blow to the Chancellor of the Exchequer George Osborne, who has stuck to his plan to reduce government spending in the face of slowing economic growth.
The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year.
France is a "problem child" in the euro zone and needs to implement more austerity measures and labor market reforms to regain competitiveness, a senior ally of German Chancellor Angela Merkel said on Friday.