ECB goes on 300 million euro spending spree for bank watchdog

(Reuters) - The European Central Bank will spend 300 million euros ($410 million) this year and next in building an elite group to monitor top banks, with the lion's share spent on generous pay for many of its staff.

Euro Zone May Not Have Emerged from Recession - CEPR

An influential group of European economists that ascertains periods of expansion and recession said Thursday it remains clear whether the euro zone has emerged from recession, despite the release of figures that showed the currency area's economy grew for a second straight quarter.

2012 will be a worse year for equities than 2011: Jim Walker

MUMBAI: Warning that negative signs persist in the global economy, Jim Walker, Founder of Asianomics on Tuesday said that he could see a re-run of the beginning of 2008 financial crisis.