A stronger euro would "probably would weigh on the stock market," says Jim Iuorio, managing director at TJM Institutional Services.» Read More
Cyprus Finance Minister Michael Sarris told CNBC that there will be no capital restrictions and that people will be able to move their money out of the country on Tuesday after banks re-open. But he acknowledged people may doubt this.
Cyprus's parliament will vote Sunday on whether savers must pay a levy on bank deposits under terms for an international bailout. Approval is far from certain.
Europe's rescue of Cyprus, partly funded by bank deposits, is not applicable to other euro zone countries, according to an economy ministry source in Spain.
Latvia's Prime Minister hit back at Paul Krugman's criticism of Latvia's austerity measures.
Valdis Dombrovskis, prime minister of Latvia, said Paul Krugman is wrong in his criticism of Latvia's austerity measures and that his country will join the euro on January 1 next year.
European shares are lower as finance ministers prepare to discuss Cyprus bailout. CNBC's Simon Hobbs reports.
A Cyprus bailout is likely to be close to 10 billion euros ($13 billion), or much lower than forecast thanks to tax measures that are likely to boost revenues.
Chinks are showing in the Italian bond market's resilience to the political stalemate that followed last month's election.
European Central Bank President Mario Draghi gave EU leaders a crash course in macroeconomics late on Thursday, emphasizing his concerns about low productivity and high labor costs hurting the euro zone's prospects.
Inflation pressures in the euro zone are easing, giving governments and central bankers a touch more leeway for stimulus as the region's leaders seek to shift their focus to reviving economic growth.
Hungary's increasingly aggressive moves against media, judiciary and central bank independence will be discussed by European Union heads of states on Friday.
CNBC's Kelly Evans reports European shares were relatively unchanged in morning trading.
EU officials worked on a rescue package for Cyprus on Friday, hoping to get approval from the IMF and euro zone finance ministers later in the day.
Robin Doumar, managing partner at Park Square Capital says that private equity firms and institutional investors can fill the void left by a pullback in bank lending.
EU and IMF officials planned to work on a rescue package for Cyprus through the night in Brussels to get an outline of a bailout program to euro zone finance experts.
Hungarian Prime Minister Viktor Orban dismissed criticism that changes his government has made to the constitution are anti-democratic.
European leaders meeting in Brussels on Thursday hinted that some countries could be given more time to meet their deficit goals as they address high unemployment and seek to ease the pain of tough austerity measures.
European shares opened slightly higher on Friday, with some focus on a European Union (EU) summit and finance ministers meeting in Brussels where Cyprus is expected to be high on the agenda.
British citizens using Guernsey to keep their money from the prying eyes of the taxman will have to declare their assets to the Treasury under an agreement designed to combat tax evasion. The Financial Times reports.
Martin Schulz, president of the European Parliament, tells CNBC that the EU needs a combination of budgetary discipline and strategic investment in growth to relaunch the economy, and should work hard in regaining citizens' trust.
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Salman Ahmed, global fixed income strategist at Lombard Odier Investment Managers, gives his reaction to the European Central Bank's meeting.
European equities ended higher on Thursday after the European Central Bank (ECB) set a start date for its bond-buying program and upped economic growth forecasts for the euro zone.
Maarten-Jan Bakkum, global emerging markets strategist at ING Investment Management, talks about China lowering its growth target for 2015.