Draghi defends ECB crisis measures

BERLIN (AP) -- European Central Bank head Mario Draghi again defended the ECB's bond-buying program Tuesday, saying the crisis backstop was more important now following recent market turbulence sparked by other central banks around the world.

Euro bonds move in unison; is that a good thing?

It’s tempting to take a glass-half-full reading of this week’ selloff in euro-zone bonds. After all, they have, for once, moved cohesively in the same direction.

EU's Barroso 'fuelling' far-right: French minister

(Reuters) - Outspoken French Industry Minister Arnaud Montebourg accused European Commission President Jose Manuel Barroso on Sunday of fueling far-right groups across Europe as France's National Front made gains in a parliament by-election.

Italy economy seen shrinking at slower pace in Q2: Central bank

ROME: Italy's economy is expected to contract at a slower pace in the second quarter of this year and could stabilise in the second half, the deputy director general of the Bank of Italy Fabio Panetta said on Friday, citing analyst forecasts.

Five U.K. Banks Must Raise Extra $21 Billion Capital

Five U.K. banks must find 13.4 billion pounds ($21 billion) to plug a 27.1 billion-pound capital shortfall by the end of the year, the Bank of England said.