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's trade surplus rises to second highest level since 1950

Germany's trade surplus has risen to its second highest level in more than 60 years after an unexpected drop in imports in December.

Italy 2012 wage inflation lowest since 1983, half consumer price inflation rate

Italian wages in 2012 grew at less than half the rate of consumer price inflation, data showed on Monday, helping to explain the worst slump in consumer spending for more than half a century.