The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.» Read More
Christos Megalou, Eurobank CEO, discusses the benefit of buying assets in Greece and the health of the Greek economy.
*Yannis Stournaras to be Greece's new central bank chief. ATHENS, June 11- Former Greek finance minister Yannis Stournaras, who spearheaded Greece's return to economic stability after it nearly crashed out of the euro zone, is to become the next Bank of Greece governor, the central bank said on Wednesday.
ATHENS, June 10- Greece needs to improve the efficiency of its public sector dramatically to meet fiscal targets and avoid new austerity measures, the International Monetary Fund said on Tuesday.
PARIS, June 8- With the euro zone bond market back to irrational exuberance and economic growth returning slowly if unevenly, politics rather than economics now poses the biggest threat to the long-term endurance of Europe's single currency.
CNBC's Ross Westgate reports on all the market moving events from Europe, as the euro rebounds sharply.
*ABN AMRO expects to grow its ship finance business in coming years. ATHENS, June 4- ABN AMRO is pumping billions of dollars into its shipping finance business as the sector looks to recovery- just as European rivals cut their exposure due to tougher capital constraints, the Dutch state bank's head of shipping said.
Petros Doukas, former Greek deputy finance minister and president at Capital Partners, says that Greece needs a more inspiring cabinet reshuffle to find "Greek solutions" to problems and radically change.
WASHINGTON, May 30- Greece is set to receive $4.6 billion from the International Monetary Fund after the institution's board on Friday signed off on the latest review of Greece's rescue package.
Greece is set to receive $4.64 billion from the IMF after the institution's board on Friday signed off on Greece's rescue package.
WASHINGTON, May 30- Greece is set to receive $4.64 billion from the International Monetary Fund after the institution's board on Friday signed off on the latest review of Greece's rescue package.
CNBC's Julia Chatterley reports on all the market moving events from Europe, as traders refrain from buying ahead of next week's ECB announcement.
BRUSSELS/ ATHENS, May 29- Talks between Russia, Ukraine and the European Commission to resolve a gas dispute will go ahead on Friday, the Commission said, as time runs out to avert a threat that Moscow could cut off supplies to Ukraine.
CNBC's Julia Chatterly reports on all the market moving events from Europe, as shares trade mixed, evenly split between gainers and losers.
*Economic sentiment in Greece at highest in nearly 6 years. BRUSSELS, May 28- Euro zone economic sentiment improved more than expected in May and inflation expectations among consumers and companies rose for the first time since December, European Commission data showed on Wednesday.
*Pensions are most stable income in most of southern Europe. MADRID/ MILAN, May 28- When Angel Gomez and Maria Luisa Fernandez retired a decade ago, they imagined spending their pensions largely on restaurant meals, holidays and toys for the grandkids.
ATHENS, May 26- Greece's ruling coalition will find it harder to push through unpopular reforms demanded under an EU/IMF bailout after a clear EU election victory by the radical leftist Syriza party.
Elena Panaritis, economist and founder of Thought 4 Action, comments on the results on the European and local elections in Greece and what it means for the government.
*Shares in Russia- exposed firms slip on Ukraine crisis. LONDON, May 23- Russia, which once promised rich pickings for European firms highly exposed to the country, now looks more like a liability for them as the economy struggles and investors worry the Ukraine crisis is set to fester.
Moritz Kraemer, chief sovereign rating officer at Standard & Poor's, says Spain's upgrade is the results of structural reforms implemented by the government.
Bruce Stokes, director of the global economic program at the Pew Research Center, says support for the European Union is "rebounding" but in some countries it remains low.