Greek economy shrinks at slowest pace since 2008

(Reuters) - Greece's economy shrank in the first quarter at its slowest annual pace since late 2008 when its protracted recession began, data showed on Friday, supporting projections that Athens will emerge from a crippling six-year slump this year.

Euro-Zone Retail Sales Rose in April

Retail sales across the 18 countries that share the euro rose for the fourth straight month in April, and at the fastest year-to-year pace since early 2007.

Euro-Zone Business Activity Slows

Business activity in the euro zone slowed more sharply in May than first estimated, a sign that weak prices are undermining the area's recovery from its debt crisis.

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.