Rumors that the country had asked for a further 10 billion euros of aid added to the growing storm over the country's bailout.
The CEO of one of Austria's largest banks has hit back at France's budget minister who called for the country to be less opaque and reveal who holds accounts in the nation's banks.
Julia Chatterley models the official Eurogroup poncho ahead of the European finance ministers' meeting in Dublin
Europe's finance ministers meeting in Dublin on Friday faced a renewed crisis on multiple fronts, with a backlash against austerity acting as a gloomy backdrop.
European shares closed higher on Thursday after better-than-expected initial jobless claims data from the U.S. The numbers are important as a key metric for Fed policy makers, who have said they could taper off asset purchases once the labor market improves.
CNBC's Simon Hobbs reports on the events that moved Europe's stocks and bonds today.
The Central Bank of Cyprus has denied plans to sell 400 million euros ($525 million) worth of its gold reserves as part of its EU bailout deal.
Greece's unemployment rate scaled a new record of 27.2 percent in January, data showed on Thursday, reflecting the depth of the country's recession after years of austerity.
Economists have sharply cut expectations for euro zone economic growth this year, now seeing a 0.4 percent contraction compared with a 0.1 percent decline predicted just three months ago.
Euro zone finance ministers will probably agree on Friday to give Ireland and Portugal seven more years to repay loans from the European Union, a senior official said on Thursday.
Jim O'Neill, Goldman Sachs Asset Management chairman, takes a look at how Japan's monetary policy is having "enormous spillover" across markets all over the world.
The Central Bank of Cyprus denied that it will sell 400 million euros ($525 million) worth of its gold reserves as part of the conditions to Europe's bailout of the island state.
CNBC's Ross Westgate reports on all the market moving events from Europe, as markets moved higher in anticipation of the U.S. weekly jobless claims report.
Spanish police will erect barriers around politicians' residences to shield them from protests over the growing number of home evictions and to call for changes to mortgage laws.
Rune Bjerke, Group Chief Executive Officer at DnB Bank, says the bank is making solid profit and he remains optimistic that the ongoing supreme court case will be sorted out soon with clients well compensated.
European shares extended gains to close sharply higher on Wednesday, with investor sentiment boosted by U.S. stocks reaching record highs and a successful Italian bond auction.
Italy's caretaker government on Wednesday sharply hiked its targets for public debt this year and next despite waves of austerity measures, and said there was now room for less restrictive fiscal policy.
CNBC's Simon Hobbs reports European shares extended gains on the successful Italian bond auction.
German Chancellor Angela Merkel's conservatives and their junior coalition partners have enough support to win a governing majority in September's election for the first time in more than three years, according to a poll out on Wednesday.
Banks in bailed-out Portugal need an extra 8 billion euros ($10 billion) in capital, based on conservative tests of their financial health, Moody's Investors Service said on Wednesday.