Anthimos Thomopoulos, CEO of Piraeus Bank, says non-performing loans will peak this year as recovery in the Greek economy takes place.» Read More
*Portugal to more than halve deficit by end-2015, then more. LISBON, March 9- Portugal's international bailout is expected to end in mid-May. To avoid a repeat of the 78 billion euro financial rescue agreed in May 2011 with the European Union and the International Monetary Fund, Lisbon cannot let up on shrinking its budget gap and trimming a huge sovereign debt.
The bailout money Ukraine is getting may go directly to Russia, analysts tell CNBC.
President Vladimir Putin rebuffed a warning from Barack Obama over Moscow's military intervention in Crimea, saying that Russia could not ignore calls for help from ethnic Russians in Ukraine.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as traders become wary of Ukraine event risk.
LONDON, March 7- European Union lawmakers will consider toughening up the bloc's cap on bankers' bonuses after lenders have begun softening its impact by awarding extra "allowances" to top up fixed pay.
DUBLIN, March 6- Ukraine may apply to become a member of the European Union, the centre-right European People's Party is set to declare on Friday, according to a draft statement underscoring the determination of key European capitals to back the country trying to fend off Russian intervention.
As Ukraine remains in crisis mode, the country's oligarchs have more than their wealth at stake.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including ECB's Draghi's upbeat comments.
Arseniy Yatsenyuk, Ukraine prime minister, says that the country is in a "desperate financial plight" but that the government is trying to maintains stability and provide social standards.
*Europe also may have insufficient reserve gas for Ukraine. PRAGUE/ LONDON, March 6- Directing natural gas from the European Union to Ukraine if Russia stops supplying its western neighbour would fail to keep up with demand for long as capacity between the EU and Ukraine is too small, analysts said on Thursday.
CNBC's Julia Chatterley reports European Union leaders are gathering to discuss possible sanctions against Russia, such as arms embargo and travel bans.
*Greece says Ukraine gas disruption' worst scenario'. BRUSSELS, March 6- European Union countries such as Poland and Greece are worried they may face gas shortages and economic damage if Russia stops pumping the fuel to Ukraine, with Kiev facing a Friday deadline to pay Moscow a $2 billion energy bill.
David Cameron, U.K. prime minister, explains that the European Union talks on Ukraine should make it clear that Russia's intervention is unacceptable and will have consequences.
*Crimea parliament votes to join Russia, referendum March 16. SIMFEROPOL, Ukraine, March 6- Crimea's parliament voted to join Russia on Thursday and its Moscow- backed government set a referendum within 10 days on the decision in a dramatic escalation of the crisis over the Ukrainian Black Sea peninsula.
BRUSSELS, March 6- European Union leaders meet for an emergency summit in Brussels on Thursday to discuss the crisis in Ukraine and how to respond to Russia's seizure of the Crimean peninsula.
BRUSSELS, March 6- The European Union froze the assets on Thursday of ousted Ukrainian president Viktor Yanukovich, former prime minister Mykola Azarov and 16 other senior Ukrainian officials suspected of misusing state funds and violating human rights.
*Divided EU to warn, not sanction Russia at summit. *Moscow says OSCE, NATO efforts not helpful. BRUSSELS/ MOSCOW, March 6- European Union leaders were set to warn but not sanction Russia on Thursday over its military intervention in Ukraine after Moscow rebuffed Western diplomatic efforts to persuade it to pull forces in Crimea back to their bases.
BRUSSELS, March 6- The European Union has frozen the assets of ousted Ukrainian president Viktor Yanukovich and 17 other officials, including former prime minister Mykola Azarov, suspected of violations of human rights and misuse of state funds.
*European Union says ready to provide $15 bln to Ukraine. BRUSSELS, March 5- The European Union offered a larger than expected package of aid to Ukraine on Wednesday, saying it was willing to provide $15 billion in loans and grants over the next several years to help get the shattered economy back on its feet.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the euro zone recovery and stabilization after concerns about Ukraine.