Europe rows back on FTT plans

European countries pressing for a £30bn financial transaction tax are rowing back on their plans in the face of international opposition and concerns about the economic damage the levy could cause.

Bankia Shares Tumble After a New Stock Issue

MADRID — Shares in Bankia, the giant Spanish mortgage lender that was at the heart of the country’s banking crisis, fell sharply on Tuesday after a large share issue that was meant to herald a new start.

EU May Consider Easing Portugal Targets If Economy Worsens

The European Union may consider giving Portugal more time to meet its deficit targets if economic conditions worsen, Jeroen Dijsselbloem, head of the group of euro-area finance ministers, said.

Norway Unemployment Unexpectedly Rises as Euro Crisis Weighs

Norway’s jobless rate rose to the highest level in three years as a recession in Europe weighs on expansion in western Europe’s largest oil producer.

China PM says stable euro in best interests of China and world

BERLIN (Reuters) - China's Premier Li Keqiang said on Sunday a stable euro was in the best interests of China and the whole world.