European regulators unveiled more details of the hotly-anticipated stress tests, in an effort to strengthen the region's banks.» Read More
Banks will pay back 4.993 billion euros next week of the 3-year loans they took from the European Central Bank a year ago, bringing the total payback of the first 489 billion in loans to 146 billion.
CNBC's Kelly Evans reports on Friday's market moving events from Europe.
The Italian bank Monte dei Paschi di Siena and the Dutch lender SNS Reaal have one thing in common with the UK's Royal Bank of Scotland and Belgium's Fortis. They all bought a part of the Dutch bank ABN AMRO in 2007 and suffered from the capital strain and losses caused by that acquisition.
Marchel Alexandrovich, senior European economist at Jefferies International, says EU Summit is not an event that would influence Draghi who seems to be getting a bit more pessimistic about the European economy.
Lars Feld, economic advisor to German chancellor Angela Merkel, tells CNBC that he does not think the euro is overvalued.
Testing has confirmed that beef lasagna produced by food manufacturer Findus contained horsemeat, Britain's Food Standards Agency (FSA) said on Thursday.
Alex Friedman, global CIO of UBS Wealth Management, tells CNBC he is moderately risk on for now, with markets heading in the right direction.
Steve Sedgwick takes you through the European Market Open where stocks have come in higher.
With unemployment at a 16-year high and one in five people living below the poverty line, the number of people using food banks in the U.K. has escalated during the recession. But it's not just the less well-off that are in need of help.
Alf Goransson, CEO at Securitas, tells CNBC 2012 has been a tough year, but they are quite optimistic about North America.
Guy Monson, managing partner at Sarasin & Partners, tells CNBC that the euro crisis gave Germany an amazing opportunity to penetrate the Asian markets.
Professor Norman Lammert, president of the Bundestag speaks to Ross Westgate about how he sees the bloc evolving in the years to come.
Christian Schulz, Senior Economist at Berenberg Bank says Draghi wants to slow the appreciation of the euro because even though it's a sign of confidence it could pose some downside risks.
Adrian Mowat, Chief Asian and Emerging Markets Equity Strategist, JP Morgan Securities, Asia Pacific says the German industrial base should be very concerned about the movements in the Yen. He see's downside risk to European exporters earnings.
Stephen Sheung, Head of Investment Strategist, SHK Private says the European economy is either going into a mild recession or a deeper one this year. He explains why.
CNBC's Steve Liesman discusses the details of his interview with Charles Evans, Chicago Federal Reserve Bank president in regards to quantitative easing and fixing the nation's debt.
CNBC's Simon Hobbs reports on today's trading activity in Europe.
European shares closed lower after choppy trading on Thursday, tracking falls on the U.S. equity markets, while a decline in French drugmaker Sanofi also weighed on the region's bourses.
With Greeks already struggling under wage and pension cuts imposed by the foreign lenders, many have been forced to brave the winter cold without heating to escape spiraling fuel prices.
Ireland's bank debt deal with the European Central Bank will reduce its borrowing needs by 20 billion euros over the next decade and cut its fiscal deficit by some 1 billion euros per annum, the country's prime minister said on Thursday.
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Ethiopian Airlines CEO Tewolde Gebremariam says the company has an "ambitious vision" for growing passengers and destinations.
Ethiopian Airlines CEO Tewolde Gebremariam says the African Union will step in in a "more assertive manner" to help airlines in the region to operate more effectively.
Ethiopian Airlines CEO Tewolde Gebremariam says the carrier will have four hubs in Africa and talks in particular about the growth potential of the DRC.