ECB president Mario Draghi said that Europe is rooting for Greece, but the country is the only party that can save itself.» Read More
Geoffrey Yu, FX strategist at UBS, tells CNBC that the market was complacent and waited too long to price in political woes.
Peter Griffin, Head of Global Risk Assessment and Sovereign Fixed Income at Global Interest Rates says indecisiveness in the Italian elections could result in spreads blowing out.
Banks and broker-dealers ensnared in the Libor-rigging scandal are facing fresh pressure to settle with Europe's top competition authority, the Financial Times reports.
Traders will be watching the track of the euro Friday, as they decide how defensive they should be going into the weekend. Thursday was a second day of "risk-off" selling with stock, commodities and the euro all heading lower.
Silvio Berlusconi's resurgence and the rise of a foul-mouthed populist comedian have thrown Italy's weekend election wide open, with deep uncertainty over whether the poll can produce a positive outcome.
Next month will determine the eventual fate of the Falkland Islands—and the 1.4 billion barrels of oil so far discovered there. The resolution will come through a referendum among the islanders themselves. Argentina isn't happy about that.
The European Central Bank made 555 million euros ($732 million) last year from Greek sovereign bonds acquired under its first bond-buy plan.
After a year under Mario Monti's technocratic government, Italians return to the polls on Sunday February 24.
A sharp fall on the Milan stock market hit European shares on Thursday, with uncertainty over this weekend's Italian elections pushing a key euro zone equity index to its lowest level since the start of 2013.
CNBC's Simon Hobbs reports weak economic data and Fed worries causes stocks to tumble in Europe. All of the major indexes closed sharply lower.
For more than a century unskilled Italians have gone abroad to escape poverty, but these days the people running for the exits are among the country's top brains.
The president of the European Parliament, warned Italians on Thursday not to back the scandal-ridden media tycoon at the ballot box.
Spain sold more bonds than it had targeted in its third debt sale of the week on Thursday, as the Treasury makes the most of a recent easing in investor concerns.
Twenty percent of Italian companies are set to fail, Intesa Sanpaolo Chief Executive Enrico Cucchiani, told CNBC on Wednesday.
CNBC's Kelly Evans reports concerns on the future of quantitative easing from the Federal Reserve, and weak economic data sent European sharply lower on Thursday.
Enrico Cucchiani, CEO of Intesa Sanpaolo, tells CNBC that the bottom 20 percent of Italian companies have seen top line shrinking 35 to 45 percent.
With the ability to produce electricity far beyond the requirements of its population, Iceland is looking into the possibility of laying an enormous "extension cord", which would enable them to export to the huge European market.
The biggest mobile trade show in the calendar kicks off on February 25 in Barcelona, Spain. Industry watchers expect new products to be unveiled by a host of players including Google, Samsung, HTC and Sony at the Mobile World Congress.
Hopes the euro zone might emerge from recession soon were dealt a blow on Thursday, as surveys showed the downturn in the region's businesses worsened unexpectedly this month - especially in France.
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, tells CNBC that the prospects for equities still look good, but it's not surprising that we are seeing a pullback.
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Masood Ahmed, director of Middle East and Central Asia at the IMF, says that the IMF has two roles to play with Egypt, one of which is to provide dialogue and the other is to provide financial support.
Masood Ahmed, director of Middle East and Central Asia at the IMF, says that Egypt has made a lot of improvements regarding energy subsidies and broader reforms, but still has "a long way to go."
Peter Rosenstreich, chief FX analyst at Swissquote Bank, says the negotiations between creditors and Greece may not end well.