Russia has dug itself a deep economic hole in exchange for its geopolitical ambitions, and the problem's getting worse.» Read More
The European Central Bank is likely to keep interest rates on hold on Thursday but may offer clues on its policy path for next year with updated forecasts likely to present a grim outlook for the euro zone economy in 2013.
Dr. Markus Kerber, chief executive at the German Federation of Industry talks to CNBC about what Europe needs to create growth, the German election campaign and how the German economy will look in 2013.
The accord to wind down a Franco-German power-sharing pact came weeks after talks broke down to merge the group with UK arms firm BAE Systems, taking advantage of the groundwork for the failed $45 billion deal.
Paul Krake, Founder of View from the Peak: Macro Strategies, says investors shouldn't expect much from the ECB or BOE meetings later today as both central banks look set to sit on their hands.
The euro fell from a seven-week high Wednesday after a disappointing Spanish bond auction and weak euro zone economic data.
Standard & Poor's cut Greece's sovereign long-term foreign currency credit rating to "selective default" from an already low "CCC" rating.
The British economy has performed less strongly than expected and a crisis in the euro zone will constrain growth for several years, finance minister George Osborne said in a budget update to parliament on Wednesday.
CNBC's Ross Westgate reports on all the market moving events from Europe, as shares traded higher ahead of key budget statements from the United Kingdom and Ireland.
Greek hospitals are in such dire straits that staff are failing to keep up basic disease controls such as using gloves and gowns, threatening a rise in multi-drug-resistant infections, according to Europe's top health official.
Pensions in Britain will be hit by further cuts to tax relief announced on Wednesday by Finance Minister George Osborne. Analysts tell CNBC that the measures will not just affect Britain's high earners.
The U.K.'s welfare state has a long and distinguished history, with elements of its healthcare recently being compared with President Barack Obama's Medicare reforms.
The United States may have the world's largest economy, but it does not even crack the top ten percent when it comes to a perceived lack of corruption, according to Transparency International.
Angela Merkel re-elected as party leader by a record margin to fight for a third term as chancellor in 2013.
Alan Duncan, UK Minister of State, International Development explains why Britain is in a better state than its European peers, dismissing notions the country has lost its regional importance.
Robert Musetti, Global Head of Institutional Sales, Cash Equity, Derivatives and Financing, Asia Pacific, BNP Paribas says that Asia is an underperformer relative to Europe and the United States. He explains why.
Will the "fiscal cliff" be resolved by 2013? Where will the unemployment rate be at the end the year? Predictions from CNBC economics reporter Steve Liesman.
Britain's Prince William and his wife Catherine are expecting a baby, destined to be the country's future monarch.
CNBC's Ross Westgate reports on all the market moving events from Europe, including gains for defensive stocks such as utilities.
London's financial sector suffered its worst November for hiring since before the financial crisis, with the number of new jobs created falling by a third year-on-year.
Governments and economists from elsewhere in the developed world are looking East for a clue to the long-term consequences of loose monetary policy.
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Jan Dunning, CEO of St Petersburg-headquartered hypermarket chain Lenta, says the situation in Ukraine has had no impact on the group, as consumer confidence remains unaffected in Russia.
Vincent Deluard, European strategist at Ned Davis Research Group, says the strong euro is a problem for the region's companies, especially for the large exporters.
European shares closed higher on Thursday as investors brushed aside concerns regarding Ukraine and focused instead on Wall Street earnings and the latest U.S. jobs data.