Ukraine Bond Repayment Belies Gutted Economy: East Europe Credit

As Ukraine repays its $1 billion dollar bond, sentiment for the nation’s notes is souring with the economy withering amid fighting between government forces and pro-Russia separatists.

Eurozone inflation fall raises prospects of damaging deflationary spiral

The European Central Bank will almost certainly act this week to breathe life into the eurozone's struggling economy after a shock fall in inflation, economists said.

EU asks Italy for tighter 2014 budget to curb debt

(Reuters) - The European Commission asked Italy on Monday to tighten its budget this year to rein in an excessive public debt but fell short of opening a disciplinary procedure against the euro zone's third largest economy.

Draghi Gets Ready to Go Negative as Inflation Sinks

Mario Draghi is preparing to lead the European Central Bank into the unknown. From negative interest rates to conditional liquidity for banks, the ECB president and his fellow policy makers have signaled all options are up for discussion when they meet on June 5.

Rebound in euro zone credit ratings: overdue or overshoot?

(Reuters) - Rating agencies are falling over each other to upgrade the euro zone's crisis countries, but with debt levels in most still rising and growth and reforms slow, the question is whether the new-found optimism has swung too far.