ECB's Mario Draghi said that the euro zone's looked brighter than it had done for the last 7 years. And he's not the only one seeing some light.» Read More
ECB policymakers rebuffed suggestions that Europe should ease up on austerity and said that while the central bank has room to cut interest rates, such a move would not necessarily help the economy much.
European shares closed higher on Wednesday, after weak German business sentiment data spurred hopes the ECB might move to cut interest rates when it meets next week.
The European Central Bank needs to by-pass dysfunctional banks through a TARP-like program, said one European CIO.
President Giorgio Napolitano has given Enrico Letta, deputy head of the center-left Democratic Party (PD), a mandate to try to form a new government, according to news wires on Wednesday.
Germany's Ifo index dropped in April, in a further sign that Europe's largest economy is slowing.
Angela Merkel tried to contain her irritation when asked this week whether southern European countries could take much more German-ordered austerity.
The sight of the head of the IMF waking up France's top finance official during a crisis meeting over Cyprus illustrates a question that is troubling European diplomats: what has happened to France's voice in Europe?
Expectations that the European Central Bank (ECB) will announce a rate cut is likely to have a limited impact and could end up being a disappointment, analysts said.
European shares closed sharply higher on Tuesday after a positive Spanish bond auction and better-than-expected French manufacturing data buoyed investor sentiment.
Italy's president held urgent talks on Tuesday aimed at naming a prime minister to head a coalition government and end two months of post-election stalemate.
Hungary's central bank cut interest rate to a new record low of 4.75 percent on Tuesday, in an attempt to bolster the flagging economy, as inflation has eased to a record low of 2.2 percent.
Recent comments by European Central Bank (ECB) governing board members have the market brimming with anticipation of an imminent rate cut. But according to one of Angela Merkel's top economic advisers, the ECB shouldn't cut rates.
U.S. regulator Gary Gensler said the world needs an alternative to the scandal-plagued Libor.
Spain sold 3-month bills at the lowest yield on record at an auction on Tuesday, as investors snatch up relatively high-paying instruments in expectation of a ECB rate cut.
Cyprus is not giving priority to a sale of gold reserves and is still exploring all options to meet its side of the bailout deal, Finance Minister Harris Georgiades said.
Debt levels swelled across the euro zone, but the pressure may be easing as the European Commission signals an end to sharp spending cuts.
European shares closed mixed after disappointing corporate and macroeconomic reports from the U.S.
Italian President Giorgio Napolitano said on Monday he had agreed to his re-election as head of state because of an unprecedented political deadlock.
Spain's official population fell last year for the first time since records began as immigrants fled the on-and-off recession and soaring unemployment.
African finance ministers told their rich nation counterparts at weekend meetings of the International Monetary Fund and World Bank to work harder and faster to kick-start their economies.