The euro zone services sector grew at its fastest pace in 2 years in November. However, economists warn that the pace of recovery will be slow. Rob Dobson from Markit has more.

"I think the FSA has done a really rather bad job over the years," Roger Nightingale from Pointon York told CNBC Monday. The Bank of England should be the main regulators of the banking industry, Nightingale added.

"We need a much more stable supply of credit through the cycle," Lord Adair Turner, chairman of the FSA, told CNBC Monday. That may mean less credit overall, but would make credit more available during a financial crisis, he said.

UK Prime Minister Gordon Brown is set to unveil his new growth plan at the annual CBI conference Monday. Sean Corrigan from Diapason Commodities Management has analysis.

The EU's choice of Herman Van Rompuy as its first president gives the union a lot of credibility and shows it doesn't pander to political pressure, Elizabeth Carey from Clontarf Capital told CNBC Friday.

Turkey's largest mobile phone operator, Turkcell expects sales growth to rise by 10% next year as the introduction of 3G technology will push revenues higher. "We are projecting 10% growth improvement in our EBITA margin as well," Turkcell CEO Sureyya Ciliv said Friday.

The UK government needs to focus on rebalancing the public finances, Richard Lambert, director-general of the CBI, told CNBC Friday. Lambert added that weakness in sterling could help restore the UK's lost manufacturing base.

European leaders were due to cast their votes for the first President of the European Union Thursday. CNBC's Carolina Cimenti spoke to former Latvian President Vaura Vike-Freiberga for her opinion on the role.