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French efforts to divert Europe from economic austerity have foundered twice in a week due to German resistance, underlining a growing policy divide that is hobbling the core partnership.
Spain's prime minister published his tax returns on Saturday in a bid to quell reports he and other conservative politicians received secret cash payments but the opposition said many questions remain unanswered.
Rebounding banks helped European shares recover on Friday after data pointing to a potentially stronger recovery in global growth helped drive demand for equities.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including
European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of talks, seeking to placate millions at home struggling through government cutbacks and recession.
Tom Elliott, global strategist at JP Morgan Asset Management, tells CNBC why the EU budget deal has given enough to austerity-driven northern Europe to ease future negotiations.
As the week closes out, Spanish and Italian leaders are worried that the market may once again be turning on them. It's the worst week in a long time for both countries' bond markets as each saw their yields climb above 5 percent.
France has no plans to support ailing carmaker PSA Peugeot Citroen with a stake purchase, a source in the finance ministry said, cooling speculation of a state cash injection to help ease the company's problems.
Europe may be mired in a recession and austerity but the continent's biggest soccer clubs (football clubs to those in Europe) are continuing to look recession-proof.
He's blond, opinionated, has a flair for publicity and is a bit of a comedian. However, Finnish politician Alex Stubb has taken up a trickier task than running London.
Fears are growing that a central element of banking union will be scaled back, undermining the whole scheme.
The art market is to experience a "10- year boom" according to an expert, as investors from China and the Middle East drive demand towards unprecedented levels.
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.
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Harriot Pleydell-Bouverie, founder of Mallow and Marsh, explains how her business grew from making marshmallows in her kitchen to a recent deal with supermarket chain Sainsbury's.
Jeffery Rothfeder, author of "Driving Honda", says that Honda's strategy of setting up localized operations in every market it goes into means the group gets the best margins in the auto industry.
Ian Cheshire, Kingfisher's chief executive, discusses the French business environment and says that he agrees with the French prime minister's call for monetary policy easing from the ECB.