Euro-Area Inflation Cools to Four-Year Low as Unemployment Rises

Euro-area inflation cooled to the slowest in almost four years in October, moving further away from the European Central Bank’s goal.

Euro-Zone Business, Consumer Confidence Rises to Two-Year High

Businesses and consumers in the euro zone were the most optimistic in over two years in October as better economic conditions lifted the mood for the sixth month running.

European banks pay heavy price for scandals

(Reuters) - Four European banks paid a heavy price on Tuesday in a clean-up of the financial industry, with Rabobank fined $1 billion and three other major lenders preparing for possibly huge legal costs after a string of scandals.

Analysis: Convalescent euro zone seeks to escape debt overhang

(Reuters) - As the euro zone's weakest members crawl out of their longest recession in modern history, their prospects of recovery are weighed down by a crushing mountain of debt far heavier than before four years of financial crisis.

Euro zone suffers from integration fatigue

BRUSSELS, Oct 25 (Reuters) - The euro zone is suffering from integration fatigue and banking union might be the last big push for the foreseeable future, officials in the currency bloc say.

Eurozone business growth slows

The pace of growth among businesses in the eurozone eased in October as the service sector slowed, a survey has indicated.

Euro-Zone Consumer Pessimism Lessens

Consumers in the 17 countries that share the euro continued to become less pessimistic in October, a development that is likely to support a continued, if modest, pickup in spending.

Bank of England points to improving economic picture

UK unemployment and economic output are improving at a faster pace than expected, according to Bank of England policymakers.

Germany sees biggest increase in foreigners in 20 years

(Reuters) - The number of foreigners living in Germany rose by 4.1 percent last year, the biggest increase since 1993, driven by an influx of residents from EU members Poland and Hungary, the Statistics Office said on Tuesday.

The Euro May Not Be Doomed, But It Is a Disaster

Has the euro been a disaster, or what?

Europe’s Slow Progress on Banking Reform

The European Union last week moved one step closer to establishing a banking union that could help address problems in its financial system.

Euro-Zone Current-Account Surplus Widened in August

The euro zone's current-account surplus widened in August, after narrowing in July, data from the European Central Bank showed Thursday.

Euro-zone banks face big capital shortfalls after next stress test - survey

LONDON (Reuters) - Investors fear euro-zone banks will have to find tens of billions of euros of new equity next year after another industry health check designed to draw a line under the financial crisis.

UK inflation rate unchanged at 2.7% in September

UK inflation measured by the consumer prices index (CPI) was 2.7% in September, unchanged from August. The retail prices index (RPI) measure of inflation fell slightly to 3.2% from 3.3% in August.

Eurozone industrial output rebounds in August

LONDON: Industrial output across the eurozone rebounded in August, official figures showed Monday, raising hopes that the sector will contribute to a pick-up in economic growth.

Ireland says may not need financing backstop to exit bailout

DUBLIN: Ireland may exit its EU-IMF bailout without requesting a financing backstop from its European partners, its finance minister said on Saturday, a move that would block its access to European Central Bank bond-buying.

Factbox: Europe's slow march to repair its banks

(Reuters) - Euro zone countries are trying to find a way to pay for the repair of their broken banks, testing governments' resolve to come clean on the problems that have festered since the global financial crisis.

Don't blame Europe, stick with reform: Danish PM

COPENHAGEN (Reuters) - Denmark's center-left prime minister, accused by her left-wing parliamentary backers of veering too far to the right, said on Friday the country had got through the worst of its economic crisis and should persevere with unpopular reforms.

Italy may strengthen powers to intervene in economy

ROME (Reuters) - Italy's government will consider measures to extend its powers to intervene in key sectors of the economy, according to the agenda of a cabinet meeting issued on Tuesday that coincides with a spate of cross border takeovers.

UK industrial output in surprise fall

UK industrial production fell unexpectedly in August, showing its biggest decline for nearly a year, according to figures from the Office for National Statistics (ONS).

After Years of Pain, Greece Expects a Budget Surplus

ATHENS — Offering the first real hope that Greece could emerge from a six-year recession, the government on Monday presented a draft budget for next year forecasting a tenuous return to growth.

Inquiry blames Cypriot ex-president for crisis

NICOSIA, Cyprus (AP) -- The "reckless" economic policies of Cyprus' former president are mainly to blame for the financial crisis that brought the country to near bankruptcy, an independent inquiry concluded Monday.

Iceland rises from the ashes of banking collapse

A new mood of proud nationalism is emerging in economically resurgent Iceland after an out-of-control banking system sank the country into financial meltdown exactly five years ago.

Euro zone turns from financial to political crisis

LONDON (MarketWatch) — A political crisis in Italy threatens fresh elections. The Portuguese government takes a hammering at the polls.Austria sees an upsurge in far-right and anti-euro parties. Germany drifts on without a government. Far-right parliamentarians are being arrested in Greece.

Russia services sector posts sluggish growth in September: PMI

MOSCOW: Growth in Russia's services sector slowed slightly in September as new business expanded only modestly and companies became more pessimistic about future orders, a business survey showed on Thursday.

Euro-Zone Business Activity, Retail Sales Rising

The euro zone's return to economic growth appears to be firming, with surveys of purchasing managers showing a sharp pickup in business activity and fresh numbers on retail sales indicating consumer spending is on the rise.

UK construction industry grows for fifth consecutive month

Britain's construction industry maintained its run of strong growth for the fifth month in September, according to the CIPS/Markit survey of purchasing managers in the sector.

Italy's octogenarian president may be called to rescue again

ROME (Reuters) - Italy's 88-year-old president, Giorgio Napolitano, is an unlikely hero, but this week marks the third time in two years that he may be called to the country's rescue.

Eurozone manufacturing growth slips in September

Eurozone and UK manufacturing growth slipped back in September, according to the latest purchasing managers surveys.