Spanish truck drivers smashed windscreens and Portuguese truckers blocked roads on Monday as protests over rocketing global fuel prices spread across Europe.
Not an ENTIRELY serious blog about the ECB, monetary policy and Eurozone rate prospects. Correction: an entirely UNserious blog in vague connection with the ECB and no connection with monetary policy at all. Although... you never know. (And, sorry: no juicy tales about Playgirl of the Month being introduced to spice up ECB monthly reports, either.)
European stocks slipped to their lowest close in six weeks on Wednesday, weighed by heavy losses in oil stocks, which tracked a sharp fall in the price of crude.
The European Central Bank's inability to raise rates may mean the time for a jump back into the dollar has arrived, as the full effects of the credit crunch still have to be felt in Europe, analysts told CNBC.com.
The European Central Bank's hawks must be aching to hike rates, but they will likely sit on their hands again and leave rates at 4 percent despite inflation rising to 3.6 percent in May.
Despite the credit crunch, standards for European leveraged loans -- used to fund private equity buyouts -- loosened in the first quarter of 2008, Standard & Poor's said.
European stocks ended higher on Tuesday, trimming some of the previous day's losses as Royal Bank of Scotland and UBS recovered, while a fall in oil prices helped bolster sentiment.
Sky-high fuel and food prices crashed the party when finance ministers flocked to Frankfurt to celebrate the inflation-fighting European Central Bank's 10th birthday on Monday, a milestone in Europe's monetary union.
Global food prices could rise further in the short term and keep rising over the longer term as supplies are unlikely to match increased demand, a European Central Bank note said.
On the verge of the European Central Bank's 10th anniversary, the news on inflation doesn't look good. Against the bank's target of "below but close to" 2 percent, euro-zone prices rose 3.6 percent in May, compared with the year ago, back to a historic high, data showed on Friday.
A bout of risk aversion dented European stocks on Tuesday as jitters grew over potential credit-related problems at banks and inflation, while typically defensive stocks such as pharmaceuticals and food rallied.
The chief executive of Europe's biggest lender on Tuesday called on central bankers to raise interest rates in order to combat inflation.
European shares ended lower on Monday, led by Swiss bank UBS on concerns about further asset writedowns.
European Central Bank head Jean-Claude Trichet said on Monday that financial markets were experiencing an "ongoing correction" and repeated that the G7 was concerned about excessive dollar volatility.
European stocks fell 1.7 percent on Friday, losing ground for the third time in four sessions as a dip in metal prices prompted investors to book recent lofty gains on mining shares.
Oil rallied again on Friday following a retreat after it reached a new record high of $135 a barrel, on the back of a weaker dollar and worries about production in countries other than the OPEC members.
Euro zone economic growth looks set for a sharp slowdown in the second quarter after a strong performance at the start of the year, data showed on Friday, but rocketing inflation will keep interest rates on hold.
The controversy over China's treatment of Tibet has had many discussing whether world leaders should skip the summer Olympics in Beijing. A survey in Germany and France found a majority believe their leaders should not attend the Opening Ceremonies.
European shares ended higher on Thursday, lifted by telecom stocks and by banks which gained on consolidation talk, while a dip in the price of crude took energy stocks lower.
Only arch dove Bank of England policymaker David Blanchflower wanted lower interest rates this month, with the remaining eight Monetary Policy Committee members keen to concentrate on inflation rather than growth.