European Central Bank

Global fund managers surveyed by BofA Merrill Lynch say they expect more quantitative easing from the European Central Bank within four months

Italy now under pressure as recession deepens, bond yields rise following Spanish bailout

German banks and the German branches of foreign lenders record a surge in deposits due to the banking crisis in the euro area.

On 31 May 2012 Ireland held a referendum - the only country to do so - as to whether or not its Government should ratify the Stability Treaty signed by 25 of the 27 European Union (EU) Member States in December 2011 and due to come into effect on 01 January 2013. This is the Treaty which Prime Minister David Cameron representing the UK famously refused to sign, along with the Czech Republic.

Highly anticipated bond auction reveals strong investor appetite after selling €2.07bn in notes.

Shock plea for recapitalisation of Spanish banks to drag country out of difficulty shake markets.

Australia's economy grew 1.3 percent in the first quarter of the year and recorded a 4.3 percent year-on-year growth.

Emergency G7 talks on eurozone crisis gives a ray of hope for global markets.

Société Générale special report delivers damning scenario of what would happen if Greece exits the Euro

Asia follows worst May since 2008 with further declines as China data disappoints and US adds fewest jobs in a year

Political and financial officials seek clear vision and policy action from Europe's leaders to save the single currency.

Italy's poor bond sale has pressured European debt markets further while Spain drifts to 7 percent "bailout trigger"

Bond investors price in more Spanish risk, prep for auctions from Italy, France

At the heart of the European Union is a pact that was first formed by two European leaders who were determined to lay to rest for good, the past enmity between their two countries. Konrad Adenauer, Chancellor of West Germany from 1949 to 1963, made his first visit to General de Gaulle, the French President and founder of the Fifth Republic, at his home in Colombey-les-Deux Églises in 1958.

Spain's Economy Minister shoots-down calls for Spanish banks to be bailed out, despite the country’s banking industry teetering on the brink of collapse

Euro is treading in negative territory due to concerns of Greece crisis contagion.

Obama, Hollande acknowledge need for reforms to avert global crisis.

Anonymous launches DDoS attacks on websites belonging to information office of federal government of Germany and city of Frankfurt to retaliate against police breaking up Blockupy protest camp.

Protesters were cleared from longest continuous protest in Europe before conference on monetary policy.

Spain's nationalised lender and its fourth-largest bank, Bankia, plunges in Madrid over solvency concerns

World Bank President Robert Zoellick has been quoted as saying that the core question will be not Greece, but Spain and Italy.

The U.S. dollar’s status as a safe-haven currency in risk aversion mode gains momentum again, as investors avoid risky assets amid intensifying concerns over the euroarea crisis. Besides, other safe-haven currencies such as Japanese yen (JPY) and Swiss franc (CHF), which also attract investors’ attention in risk-off environment, seems to be out of favor as their respective central banks doesn’t intend to see them appreciate.

In the latest European Fund Managers Survey from BofA Merrill Lynch investors have stayed calm in the hope that the European Central Bank will control the eurozone crisis with more QE.

The booming emerging markets may spearhead a further rise in global stock indexes as the growth spurt enjoyed by some major Western markets since the start of the year declines.

British bookmaker suspends bets on Greek exit as economic, political turmoil escalates.

The economic confidence in the eurozone fell more-than-expected in April, showing evidence of region’s recovery in the early part of this year is temporary and raising concerns that the economy is heading towards deepening recession.

Bad Loans hit 18-year peak in Spain, 12-year high in Italy as debate about direct bank support intensifies

A Bank of America Merrill Lynch survey of fund managers found increasing concern over the state of French and other EU states' finances.

Tough budgets in Iberia failed to lower borrowing costs, ECB holds key rate at 1 percent

Greece's premier has warned in an Italian newspaper that he cannot exclude the possibility of the country needing a third IMF-eurozone bailout.