Stock futures up on ECB hopes but warnings about Greece limit gains

By Reuters

The S&P 500 index futures edged up on Friday on hopes that the European Central Bank could take further action to tackle the region's debt crisis, but gains were capped by fresh warnings over Greece. (1:00 pm)

MORE TOPICS: DOW JONES, MORGAN STANLEY, FACEBOOK, MICHIGAN

Euro zone must head toward banking union: ECB's Praet

By Reuters

The euro zone needs to push ahead with its financial sector reform plans and create a centrally managed and funded body to handle troubled banks, a European Central Bank policymaker said on Friday. (11:49 am)

After Greece Exits The Euro, What? An Illustrated Guide To Five Possible Scenarios

By IBTimes

Moving swiftly from the realm of tin foil-hat conspiracy to a bullet point being openly talked about as fait accompli by international financiers, an exit by Greece from the European common currency dominated conversation this week. But what would actually happen once Greece left the euro?. (10:52 am)

MORE TOPICS: GOLD, EUROPEAN UNION, JAPAN, AUSTRALIA, INVESTMENT, SILVER, CHINA, DEUTSCHE BANK, GERMANY

Four men, five weeks - a plan for Europe's future

By Reuters

European Union leaders have given the bloc's four most powerful officials a little over a month to come up with a clearer template for euro zone integration, a pitch to persuade voters and markets that the euro has staying power. (5:00 pm)

MORE TOPICS: GERMANY, EUROPEAN UNION

Euro Struggles As EU Summit Disappoints, Sterling Carving Higher Low?

By DailyFX

The EU Summit failed to prop up the Euro amid the ongoing rift within the group, and we may see European officials continue to act in their own interest as the anti-austerity movement gathers pace. As French President Francois Hollande and Italian Pr... (3:02 pm)

MORE TOPICS: TWITTER, GDP, BANK OF ENGLAND

EU Leaders Warn Greece: Stick To Austerity Or Leave Euro

By IBTimes

Speaking at a summit in Brussels, the heads of Germany and several EU institutions all urged the debt-stricken country to stick to the deeply unpopular tax hikes, labor reforms and welfare cuts that have divided Greece and pushed it to the brink of exiting the currency union. (2:38 pm)

MORE TOPICS: GERMANY, ELECTIONS, INVESTMENT, IMF, GDP, LONDON

Spanish Bond Yields Up, PM Rajoy Urges ECB To Buy

By IBTimes

Spanish bond yields hovered above the 6 percent mark Thursday, prompting Spain's prime minister to urge the European Central Bank to buy Spain's bonds as it did in August 2011, according to a report by Bloomberg News. (2:37 pm)

EU urges Greece to stay in euro, plans for possible exit

By Reuters

European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout program. (1:39 pm)

MORE TOPICS: IMF, GERMANY, EUROPEAN UNION, INVESTMENT

Euro Slides on 'Grexit' Concerns; Australian Dollar Falls to Fresh 6-month Lows

By GoMarkets

A global bid for safety dominated proceedings overnight with significant losses across European equities forcing further downside across the risk spectrum. (May 24)

MORE TOPICS: CHINA, HSBC, MANUFACTURING

Euro Drops As Leaders Meet; France, Germany Split

By IBTimes

As European leaders struggled to hold the euro zone together at a nighttime summit in Brussels, a widening gap emerged between Germany and France, which are now under new management. (May 24)

MORE TOPICS: IMF, GERMANY, EUROPEAN UNION, INVESTMENT