Cameron clean-up plan won't stop dirty money, say critics

David Cameron's plans to crack down on "dirty money" being used to buy UK property have been criticised by tax and property experts.

Eurozone outlook improves, International Monetary Fund says

The outlook for the eurozone has improved, says the International Monetary Fund (IMF), thanks to a falling oil price, a weaker euro and action taken by the European Central Bank (ECB). It predicted that growth would pick up to 1.7% next year, from 1.5% this year.

Black economy clouds Spain's recovery from crisis

Madrid (AFP) - Many of Spain's five million unemployed dream of finding a steady job in the economic recovery vaunted by the government -- but a legion of undeclared workers still scrape by cash-in-hand.

Greek debt crisis talks stall over choice of hotel

In an inauspicious start to talks over awarding Greece a third bailout, international officials have postponed the negotiations after failing to agree with their hosts where they will stay and how they will operate when in Athens.

Forex traders have been shocked into behaving themselves but it might not last, says BoE director

Forex traders are behaving themselves in the wake of a series of fines and investigations, according to Chris Salmon, the Bank of England’s markets boss.

ECB Welcomes Greek Bank Resolution Bill With Legal Qualms

The European Central Bank welcomed Greece’s draft legislation to bring its bank-resolution rules into line with European Union law, while warning some provisions could harm the independence of the local monetary authority.

Germany is feasting on the rest of Europe

The situation in Athens seems to have calmed down, but former Federal Reserve Chairman Ben Bernanke thinks Europe has an even bigger issue to worry about: Germany.

A Tightrope for Europe’s Central Bank Chief

Central bankers sometimes distinguish between peacetime, when economies are running relatively normally, and war, when there is a financial crisis.

Greece pledges to get rid of tax evasion as a way of life

ATHENS, Greece (AP) — Dimitris Bokas keeps meticulous records of the bathroom fixtures he sells from his small shop in the quiet middle-class residential neighborhood of Koukaki near the center of Athens — just in case a tax inspector makes a surprise visit to ensure Greece's 23 percent sales tax is being collected and reported correctly.

German Investor Confidence Falls a Fourth Month on Greece

German investor confidence fell less than forecast in July, signaling optimism that the economy can cope with any fallout from Greece’s financial crisis.

European Central Bank, Potential Rescuer, Remains Wary

Among its many proposed measures, the eurozone’s agreement on Greece calls for an overhaul of the country’s rickety banking system.

Eurozone talks on Greece need 'a lot more progress' before possible deal

Talks aimed at preventing Greece from leaving the eurozone and collapsing into bankruptcy are on a knife-edge amid widespread scepticism from the country’s creditors about whether Athens can deliver on its promises.

Greek proposals no basis for further talks, senior German conservative

BERLIN (Reuters) - Greece's latest reform proposals are no basis for further negotiations on a third bailout program, a senior German conservative lawmaker told Reuters on Friday, adding that Greece would do better to aim for a new start with its own currency.

George Osborne introduces new 'living wage' but cuts working-age benefits

George Osborne has unveiled an unexpected boost for low-paid workers, introducing a compulsory national “living wage” in a budget that also contained an assault on many of the measures introduced by Labour to tackle poverty.

Central Banks Across the World Pressured to Fight Against Euro Depreciation

Greece’s debt turmoil has found a favorite conduit for spreading contagion: the $5.3 trillion-a-day foreign-exchange market.

Greece's vote edges it towards euro exit, but the odyssey is far from over

Greece’s membership of the euro hangs by a gossamer thread after the victory for the no side in the country’s referendum. The cash machines are running out of money and the economy is in freefall.

Greek debt relief was not on table during bailout negotiations, says EU official

Debt relief was not on the table during negotiations to extend Greece’s existing bailout programme and agree a package of reforms needed to unlock its remaining funds, according to a senior EU official.

Euro zone inflationary pressures at four-year high - ECRI

LONDON (Reuters) - Euro zone inflationary pressures are at a four-year high, suggesting the European Central Bank's trillion-euro bond-buying programme is working, an indicator designed to predict cyclical trends showed on Thursday.

The euro is only headed down: Goldman

Amid Greece's Sisyphean drama, the euro has been like a brick-you can throw it, just not very far.

Greece debt talks: EU chief feels 'betrayed'

The European Commission chief, Jean-Claude Juncker, has said he feels "betrayed" by the "egotism" shown by Greece in failed debt talks.