Osborne Accused of Smoke and Mirrors Over EU Payment

U.K. Chancellor of the Exchequer George Osborne hasn’t fooled the British public into thinking he won a reduction in a payment demanded by the European Union, the opposition Labour Party said.

EU court backs Spain's tax breaks for foreign acquisitions

(Reuters) - Spain has won backing from a European Union court for tax breaks intended to help its companies buy stakes in foreign firms, dealing a blow to EU regulators' campaign against tax deals they view as illegal subsidies.

Euro zone backs ESM credit line for Greece after bailout exit

(Reuters) - Euro zone finance ministers backed on Thursday a precautionary credit line for Greece after the country exits its bailout at the end of the year, in a bid to balance the need to reassure investors with the demands of domestic Greek politics.

German Factory Orders Rise Less Than Forecast as Growth Stalls

German factory orders (GRIORTMM) climbed less than forecast in a sign the euro area’s largest economy may struggle to grow in the second half of the year.

Poland Holds Main Rate in Surprise as Outlook Improves

Poland’s central bank left its main interest rate unchanged today, surprising analysts and suggesting its economic outlook has improved after last month’s bigger-than-expected reduction.