European austerity measures are punishing the most vulnerable members of society and threatening the entire social cohesion of Europe, according to a report from the charity Caritas.
Policymakers must be careful not to ratchet up rhetoric about "currency wars", which could lead to something worse happening, European Central Bank Vice President Vitor Constancio said on Thursday.
The euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year.
Discoveries so far of horsemeat in products sold as beef are likely to be the "tip of the iceberg", a British parliamentary report into the scandal said on Thursday.
CNBC's Simon Hobbs reports on today's top business headlines from Europe.
Spain is set to usurp Germany as the strongman of Europe, due to the increasing competitiveness of its exports, say Morgan Stanley analysts.
In tough times poverty stricken rural Romanian farm owners sell their old workhorses to slaughterhouses to make a little extra cash, and begin a process whereby horsemeat winds up on the dinner table.
CNBC's Kelly Evans reports European shares were mixed in morning trade, as investors digested a series of earnings news, and focused on currency wars.
Italy successfully sold its first 30-year bond in nearly two years at an auction on Wednesday, shrugging off concerns about the outcome of a general election on Feb. 24-25.
Output at euro zone factories rose for the first time since August last year.
CNBC's Simon Hobbs reports European shares staged a turnaround, as bank stocks closed higher.
European Central Bank chief Mario Draghi said exchange rates are as important for growth as for price stability.
CNBC's Kelly Evans reports Barclays announced its turnaround plan aimed at reducing the bank's annual costs, which sent the stock up over 4 percent.
Olli Rehn, EU commisioner, tells CNBC that the euro group meeting discussed exchange rate policy and the EU is 'committed to ensuring stable monetary relations'.
NBC News' Claudio Lavanga reports on the Pope's abdication. And Fernando Napolitano, CEO & president, Italian Business & Investment Initiative, shares his thoughts on the Pope's resignation as well as opportunities in Italy now.
Discussions about an overvaluation of the euro are simply a diversion from governments' task of sorting out their economies, ECB's Weidmann said on Monday, resisting political pressure to weaken the currency.
CNBC's Simon Hobbs reports European markets closed in the red as shares of Danish Pharma group Novo Nordisk fell sharply after U.S. regulators requested additional tests on the firm's new insulin drugs.
Austerity as the solution to the euro zone's protracted debt crisis could be on the way out if another bad set of euro zone gross domestic product (GDP) numbers are released this week, according to Carl Weinberg, chief economist at High Frequency Economics.
CNBC's Ross Westgate reports European shares were mixed in Monday morning trading, ahead of a meeting of euro zone finance ministers.
Commercial banks took no overnight emergency funds from the ECB, data showed on Monday, pointing to a consistent improvement in money market access this year.