Europe News


  • Europe's Black Market Economy Is Booming Tuesday, 4 Jun 2013 | 5:37 AM ET

    Punitive tax regimes, increased labor market regulation and a growing lack of trust in governments are causing many Europeans to enter into the murky, illicit world of shadow economies.

  • Bravo! IMF Contradicts EU as It Praises France Tuesday, 4 Jun 2013 | 5:35 AM ET

    The International Monetary Fund has praised France's reform efforts in a review of the country which appears to be in stark contrast with the European Commission's comments last week.

  • France Hits Out at 'Destroyer of Bookshops' Amazon Tuesday, 4 Jun 2013 | 5:06 AM ET

    France's culture minister has attacked Amazon, the online retailer, for deliberately undercutting traditional rivals to create a "quasi-monopoly", the FT reports.

  • Grocer Ahold Ups Share Buyback as Recovery Beckons Tuesday, 4 Jun 2013 | 4:55 AM ET

    Dutch grocery chain Ahold quadrupled a share buyback to 2 billion euros ($2.6 billion) on Tuesday to redistribute excess cash following the sale of a stake in Swedish retailer ICA.

  • Russia's Leadership 'Could Hinge on Economy' Tuesday, 4 Jun 2013 | 3:37 AM ET

    As Russia's economic growth slows, analysts and business leaders have warned of deep and wide-reaching political consequences if the situation deteriorates further.

  • Despite experiencing the coldest spring in 50 years, U.K. consumers beat the weather by posting a rise in retail sales, according to a new survey released Tuesday.

  • And Then There Were 18: Latvia to Join Euro Zone Tuesday, 4 Jun 2013 | 1:27 AM ET
    A post worker shows the first Latvian stamps denominated in both lats and euros in Riga on January 30, 2013.

    The European Commission will give Latvia on Wednesday the go-ahead to become the 18th member of the euro zone from the start of next year.

  • What Riots? Now May Be Time to Buy Swedish Krona Tuesday, 4 Jun 2013 | 1:20 AM ET

    Riots have shattered the calm in Sweden, but some analysts say now is the time to buy the country's currency.

  • Goldman Career Path: 'God Particle' to 'God's Work' Tuesday, 4 Jun 2013 | 1:16 AM ET

    Goldman Sachs has become the latest investment bank to recruit a CERN researcher, highlighting a trend of career moves from physics to finance.

  • Turkish Deputy Leader Apologizes As Protests Continue Tuesday, 4 Jun 2013 | 12:19 AM ET

    Turkey's deputy prime minister sought to mollify anti-government demonstrators on Tuesday by apologizing for a police crackdown on a peaceful protest that triggered five days of rioting.

  • The European Central Bank is backing away from any "big bazooka" style intervention to revive lending within the euro zone, delivering a blow to some market hopes. The Financial Times reports.

  • Turkey Violence: More Complex Than Arab Spring Monday, 3 Jun 2013 | 12:50 PM ET
    Protestors march near Taksim Square on June 3, 2013 in Istanbul, Turkey. The protests began initially over the fate of Taksim Gezi Park, one of the last significant green spaces in the center of the city.

    In some ways, it's easier to explain what the last few days' protests in Turkey are not about, rather than what they are.

  • The 'Elysee Premium': Wines Fetch Nearly $1 Million Monday, 3 Jun 2013 | 11:53 AM ET
    Bottles of the finest wine from the cellars of the Elysee Palace went up for auction on May 30, 2013.

    France's auction of wines from the Elysee Palace fetched more than three-times its original estimate. The lofty price was the result of the premium placed on the seller—the French presidential palace.

  • Gold Rout Prompts Shift to Diamonds Monday, 3 Jun 2013 | 10:27 AM ET

    Resource funds have had a tough run so far this year, but diamond miners have managed to emerge relatively unscathed, with many stocks surging this year.

  • France's Generous Family Benefits Are Being Cut Monday, 3 Jun 2013 | 8:04 AM ET
    French tax form

    President Francois Hollande's government aims to save up to 2 billion euros annually from 2016 under a proposed reform of France's generous system of family benefits.

  • Three Bullets for Draghi as ECB Prepares to Meet Monday, 3 Jun 2013 | 8:03 AM ET
    Mario Draghi

    Another crucial meeting for the ECB is due Thursday with analysts across Europe looking ahead to three different policy changes that Mario Draghi could announce.

  • Germany Plans Billion-Euro Aid for Spain's SMEs Monday, 3 Jun 2013 | 5:44 AM ET

    Germany will grant Spanish small and medium-sized companies (SMEs) aid of roughly 1 billion euros ($1.30 billion) as part of a push to combat rising unemployment in southern Europe.

  • Mervyn King, Governor of the Bank of England

    Dance lessons are one of Bank of England Governor Mervyn King's plans for his retirement after 20 years at the Bank of England.

  • Turkish Stocks Plunge 10% on Mass Protests Monday, 3 Jun 2013 | 2:47 AM ET

    Istanbul's stock exchange suffered its biggest one day in a decade as it closed down over 10 percent as anti-government protests entered a fourth day.

  • As western Europe's tallest building, The Shard, gets ready to celebrate its first birthday, skepticism about its popularity mounts amid revelations that only six of its 72 floors are in use.

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