Debt crisis: OECD backs plans for ECB bond market intervention

The OECD has waded into the dispute over emergency measures to prop up Spain and Italy, backing plans for the European Central Bank to buy up debt of struggling eurozone nations.

Europe crisis: Spain creates bad bank, paves way for rescue funds

MADRID: Spain overhauled its banks for the fifth time in three years on Friday to secure up to 100 billion euros ($125 billion) in European aid for lenders crushed by bad loans from an extended property market crash.

Economic uncertainty growing massively: ECB's Nowotny

(Reuters) - Economic uncertainty in Europe is rising "massively" as growth prospects worsen, especially for debt-strapped southern euro zone members, European Central Bank Governing Council member Ewald Nowotny said.

Swiss economic outlook still bright -KOF sentiment index

ZURICH: Prospects for the Swiss economy remain healthy, a leading indicator showed on Wednesday, as the central bank's cap on the safe-haven franc underpinned the country's export sector.

Spain's economy contracts again as recession deepens

Spain's economy contracted further in the second quarter of the year as the country remained mired in recession, official figures show.