Spain Sale Improves Funding Prospects

Spain's ailing finances got a needed boost Thursday from the sale of long-dated debt, much of it to foreign buyers, clearing the biggest hurdle for the country since the European Central Bank signaled two weeks ago that it stood ready to buy bonds of fiscally frail euro-zone members.

Greece becoming more competitive, must stay in euro: Juncker

(Reuters) - Greece's competitiveness has greatly improved and its wage costs have fallen significantly and the euro zone must strive to keep the country as a member, the chairman of the Eurogroup of finance ministers said on Tuesday.

Swiss banks to suffer big withdrawals over tax: UBS

ZURICH: UBS expects Swiss banks to see European clients withdraw "hundreds of billions of francs" as a result of steps to stop foreigners using secret accounts to evade taxes.

Hungary to respond to IMF/EU by mid-week: minister

BUDAPEST (Reuters) - Hungary will send its proposals to international lenders by the middle of next week to allow credit talks to resume but will not modify its economic projections for 2013, the minister in charge of talks with the IMF and EU said on Sunday.

Europe at loggerheads over banking union

European finance ministers clashed over plans for a banking union on Saturday, with Germany leading criticism of proposals to introduce a single banking supervisor by January.