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• Credit Crunch May Affect Maximum 1.2 Trillion Euros in Debt

  The global credit crunch may force banks to take back up to 1.2 trillion euros ($1.66 trillion) in debt on their balance sheets if investors are unable to refinance it, the Dutch Central Bank (DNB) said on Monday.

• Saudi Arabia to Buy Fighter Jets from BAE Systems

  Saudi Arabia said on Monday it had signed an agreement with the British government to buy 72 Eurofighter Typhoon jets from BAE Systems for 4.43 billion pounds ($8.84 billion).

• German Commerzbank Braces for Higher Subprime Loss

  Commerzbank is bracing itself for a higher-than-predicted loss from investments related to risky U.S. mortgages that are set to knock a hole in profits, sources familiar with the matter told Reuters.

• Standard Chartered Buys American Express' International Bank

  American Express agreed to sell its international banking subsidiary, American Express Bank, to U.K. bank Standard Chartered in a deal worth approximately $1.1 billion, the company said in a statement Tuesday.

• EU Monitors U.K. State Aid to Northern Rock

  The European Commission said on Tuesday it was monitoring events at British mortgage bank Northern Rock but it was too early to say whether guarantees pledged by the British government to worried depositors amounted to illegal state aid.

• Top Rating Agencies Say European, U.K. Banks are Solid

  Most banks in Europe are not likely to be hit very hard by the recent turmoil in credit markets, and the Northern Rock crisis is not likely to spill in the U.K. mortgage sector, two top ratings agencies said Wednesday.

• BOE to Inject $20 Billion to Ease Three-Month  Rates

  The Bank of England made a surprise U-turn on Wednesday, offering to inject 10 billion pounds ($20 billion) next week into money markets in a bid to bring three-month interest rates down.

• German Train Drivers Threaten Unlimited Strikes

  Germany faces the prospect of unlimited rail strikes this week that could inflict serious damage to Europe's largest economy and even hurt neighbouring countries.

• Carlsberg, Heineken Raise Scottish and Newcastle Bid

  Carlsberg and Heineken raised their joint cash bid for Scottish and Newcastle (S&N) on Thursday, valuing the British brewer at around 7.3 billion pounds ($15 billion).

• H&M Sales Disappoint, European Consumers Wary

  Swedish fashion chain Hennes & Mauritz said sales rose 14 percent in November, year-on-year, lower than expected by analysts and the latest in a series of signs that European consumers were getting wary of inflation and debt.

• The ECB's Year of the Rat

  The European Central Bank seems to have little choice but to keep rates on hold this time as well, despite rising inflation. Money markets are still not back to normal and there are signs of a weakening economy.

• ECB Leaves Interest Rate Flat at 4%

  The European Central Bank left interest rates unchanged on Thursday amid continuing uncertainty regarding the outlook for the economy.

• Hands Off Societe Generale, France Tells Rivals

  France warned rival banks on Tuesday not to try to grab control of Societe Generale as it reels from losses blamed on a rogue trader, but piled pressure on its chairman to resign.

• European Leaders Call for Greater Transparency

  

  Key European leaders are calling for greater transparency in world financial markets, meeting Tuesday in London to discuss how they can rescue the turbulent global economy.

• French Trader: Bosses Knew About Risky Trades

  The trader accused of causing about $7 billion in losses at Societe Generale told investigators that he believes his bosses were aware of his massive risk-taking on markets but turned a blind eye as long as he earned money, a judicial official said.

• Will Rate Decisions Offer Buying Opportunities?

  

  A softer stance on inflation by the European Central Bank and more rate cuts from the Bank of England would boost European stocks. Investors could cautiously start to buy shares.

• Main EU States Recognize Kosovo Independence

  

  Europe's biggest states recognised the independence of Kosovo on Monday, ending hours of suspense after Prime Minister Hashim Thaci assured his new republic that Western recognition would come "any minute".

• Britain Investigates Liechtenstein Bank Accounts

  Britain's tax authority is investigating up to 100 British citizens with bank accounts in secretive Liechtenstein after buying data from an informant in a similar move to Germany, a newspaper reported on Sunday.

• The Week in Europe: Top 7 Videos

  From harsh criticism of the Federal Reserve in the United States to the MIPIM real estate conference in Cannes, the week was filled with compelling video. But only seven made the cut.

• Top European Videos of the First Quarter

  Investors hope the second quarter will be better than the first, when markets went on a rollercoaster of writedowns, trading scandals and record oil prices. Here are CNBC Europe's best videos of the first quarter.