A CNBC.com analysis of money flows shows that large cash hoards have already left Russia, much of it stashed in former Soviet states.» Read More
The ongoing euro zone crisis has meant exporters in Turkey have continued to seek new markets away from the continent and Turkey's Central Bank Governor Erdem Basci told CNBC that Iraq is likely to replace Germany as its number one export market by the end of the year.
A dramatic anti-austerity vote leaves Italy lying outside the fortress the European Central Bank constructed around the euro zone last September.
Ireland has gone from having "no credibility or integrity internationally" and unsustainable debt to a recovery based on tough cost savings, but the pain is not over yet, Irish Prime Minister Enda Kenny told CNBC.
CNBC's Kelly Evans reports political fallout from the Italian election produced name-calling from Germany and is causing problems in European policymaking.
Enda Kenny, Taoiseach of Ireland, tells CNBC that Ireland's economy is improving and a reflection of improving investor confidence in the country, although there are still enormous challenges to overcome.
Tobias S. Blattner, director economic research at Daiwa Capital Markets, tells CNBC why the ECB should refrain from using any of its emergency powers unless the economic situation takes a turn for the worse.
Spain's rescued lender Bankia said on Thursday it was in a solid position to return to profit, after writedowns on rotten property assets led it to post Spain's biggest ever corporate loss for 2012.
Carolin Roth takes you through the European market open, where stocks have come in higher after a very strong session in the United States.
Gary McGann, CEO of Smurfit Kappa, tells CNBC that although austerity is necessary in Europe, people can't deal with it forever without any vision or hope.
Europe is embroiled in a Japan-style "lost decade" and must solve its political problems before the economic crisis can be resolved, according to Charles Beazley, CEO of Nikko Asset Management.
The former mayor of Greece's second city, Salonika, and two of his top aides were sentenced to life in prison on Wednesday after being found guilty of embezzling almost 18 million euros, or $23.5 million, in public money. The NYT reports.
Danny McCoy, CEO of IBEC, tells CNBC that Ireland is clearly back in growth mode, but a lot of budgetary discipline will still be required.
Ralph Silva, Research Director at SRN Research and Stuart Oakley, Managing Director, Asian Currency Trading at Nomura are bullish on the U.S. economy despite the looming sequestration.
A colossal savings glut in China, the world's second largest economy, means British workers in their twenties will only be able to retire at 75.
Bankers' bonuses are to be capped at two times bankers' salaries and banks will be subject to a strict transparency regime, under a provisional EU deal that includes minimal concessions to cushion the pay crackdown. The Financial Times reports.
CNBC's Michelle Caruso-Cabrera reports the latest on the Italian election. Political gridlock is pushing the 10-year yield above 5 percent.
Hackers targeted dozens of computer systems at government agencies across Europe in a series of attacks that exploited a security flaw in Adobe software.
Portuguese Economy Minister Alvaro Santos Pereira says it would be "totally" out of the question for Portugal to leave the single currency.
Louisa Bojesen reports on Italy's strong bond auction and the gains for most European stocks on Wednesday.
CNBC's Simon Hobbs reports European shares posted strong gains, helped by a successful bond auction in Italy.
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At the EU summit, CNBC's Hadley Gamble talks to Finland's prime minister Alexander Stubb on whether Europe needs structural reform.
Manji Cheto, vice-president of Teneo, explains why the Nigerian central bank has barred banks from dollar holdings.
Discussing last night's presidential vote in Greece, Kyriakos Mitsotakis, minister of administrative reform and e-governance in Greece says he believes that there is still a "fighting chance" for the coalition government to get the 180 votes.