Finland has informed its 900,000 military reservists of their roles in the event of a military crisis against a backdrop of rising tensions.» Read More
Credit ratings agency Moody's Investors Service has downgraded Britain's government bond rating one notch from the top AAA to AA1, citing weaknesses in the economy's medium-term outlook.
CNBC's Michelle Caruso-Cabrera reports on the hype surrounding this weekend's Italian election.
European shares rose on Friday in a broad-based rally as investors took advantage of the previous session's steep falls to pick up equities on the cheap, though traders cited some caution given weekend elections in Italy.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including news that the euro zone economy is expected to shrink again in 2013.
Banks around Europe will repay less than half the expected amount of the crisis loans they took from the European Central Bank a year ago, suggesting much of the euro zone financial system is still hooked on cheap ECB funds.
Tom Levinson, FX strategist at ING Financial Markets, tells CNBC that uncertainty will surround Italy even after the elections next week, and this will weigh on the euro in the short term.
The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year.
As the public prepares to go to the polls this weekend, Italian executives disagree over the impact the outcome could have on a country already struggling with debt and a lack of investor confidence.
France is a "problem child" in the euro zone and needs to implement more austerity measures and labor market reforms to regain competitiveness, a senior ally of German Chancellor Angela Merkel said on Friday.
Britain's tax authority on Thursday published the names of what it described as "tax cheats" for the first time, part of efforts to address public anger over tax evasion at a time of economic austerity.
CNBC's Kelly Evans reports on all the market moving events from Europe, including weak PMI figures out of Europe.
Investors in the euro should tread with caution, Geoffrey Yu, FX strategist at UBS told CNBC on Friday, warning that concerns over political stability in some of the euro zone's biggest countries could send the currency sharply lower again.
German business morale surged at its fastest pace in over two years in February, pushing higher for a fourth consecutive month and pointing to a solid recovery in Europe's largest economy after a dismal end to 2012.
The chief executive of London-listed miner Bumi Nick von Schirnding told CNBC that the outcome of Thursday's shareholder vote had given the company's management a mandate to get on with its strategy.
The European Commission suspects the existence of cartels involved in manipulating Libor and Euribor, the EU's antitrust chief said in a speech on Friday.
Karen Cho takes you through the European market open where stocks have come in higher.
The Bank of England has a good case for restarting monetary stimulus, and may need to buy up to 175 billion pounds more of government bonds if growth is far below potential, a senior policymaker said.
The controversial new documentary's Rome premiere was canceled, its subject deemed "too political" ahead of elections this Sunday.
Italian defence group Finmeccanica has delayed publication of its 2012 results after a bribery probe connected with the sale of 12 helicopters to Indian authorities, it said on Thursday.
British Prime Minister David Cameron says a giant diamond his country forced India to hand over in the colonial era that was set in a royal crown will not be returned.
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Vincenzo Scarpetta, political analyst at Open Europe, discusses what you need to know about this weekend's Spanish regional elections.
Christoph Schmidt, chairman of the German Council of Economic Experts, discusses Germany in relation to the ECB's monetary policy.
European equities closed mixed on Friday as investors focused on a central bank meeting in Portugal and a speech from U.S. Federal Reserve Chair Janet Yellen.