With a vote against a proposed deal, former Prime Minister George Papandreou says his country is in a worse situation.» Read More
Top managers' perks will figure high on the agenda of tonight's meeting of euro zone ministers, the Eurogroup, in Brussels, with many European officials calling for curbs on bonuses and pay, papers reported on Tuesday.
Euro zone inflation slowed more than expected in April, an early estimate showed, but economic sentiment also deteriorated faster than forecast, pointing to slowing economic growth.
The author of "the Stern Review" on the economic impact of climate change, Lord Nicholas Stern, talks to CNBC Europe about biofuels and climate change.
While the U.S. economy is struggling now it will most likely rebound faster than Europe, making Wall Street a better place for global investors to park their cash than debt markets like the UK, France and Germany, analysts told CNBC Europe on Friday.
The European Union is unveiling plans Monday to allow passengers on flights in European airspace to use mobile telephones.
The European Union on Monday opened the way for air travelers to use mobile phones to talk, text or send e-mails on planes throughout Europe's airspace.
The European Central Bank's first-ever auction of six-month funds on Wednesday saw banks bidding more than four times the 25 billion euros on offer as they sought cash they struggle to raise on financial markets.
The European Commission said on Friday it had opened an in-depth investigation of plans by Nokia to buy U.S.-based digital map supplier Navteq for $8.1 billion.
Euro zone price pressures are "alarmingly high," threatening medium-term price stability, and first quarter growth in the bloc could exceed expectations, European Central Bank officials said on Friday.
European Central Bank Executive Board members stressed on Tuesday the role of the ECB as a guardian of price stability, giving the strong euro only scant mention.
The European Commission warned France and Germany not to introduce "golden shares" at aerospace group EADS, highlighting concerns about how much control state-backed investors should have over companies whose products are crucial for national security.
The European Central Bank and the Bank of England are likely to keep interest rates unchanged at their meetings on Thursday but monetary policy easing is on the cards for later, analysts and dealers expect.
The world's financial market system remains fragile and the European Union should regulate if the private sector fails to make changes quickly enough, a draft report for next week's meeting of EU finance ministers said.
The head of German utility giant E.ON has told Chancellor Angela Merkel the company is in talks to sell its power grid, a German government spokesman said on Thursday.
Market expectations that the European Central Bank will cut interest rates fail to consider the dangers of higher inflation, ECB Governing Council member Axel Weber said on Wednesday.
The European Union stepped up to level the biggest single fine against a company when it slapped Microsoft with a $1.35 billion penalty for anti-trust and anti-competitive behavior, and for not complying with earlier rulings to curb these kinds of practices.
The European Commission fined Microsoft a record 899 million euros ($1.35 billion) on Wednesday for defying sanctions imposed on the software giant for antitrust violations, far exceeding the original penalty.