Merkel ally lashes out at Draghi over ECB plans to buy 'junk' paper

(Reuters) - An ally of Chancellor Angela Merkel criticized the European Central Bank and its president Mario Draghi in a rare public attack, telling Bild newspaper the ECB's new schemes to bolster lending and buy asset-backed securities would scare Germans.

Pound Weakens Most in a Year as Scotland Vote Adds Uncertainty

The pound had its biggest weekly drop versus the dollar since July 2013 as signs that Scotland’s independence vote will be more closely contested than previously indicated damped demand for the U.K. currency.

Falling investment, inventories, stall euro zone recovery in Q2

(Reuters) - Falling investment and a drop in inventories kept euro zone gross domestic product flat in the second quarter against the previous three months despite growing household consumption and a positive contribution from trade, data showed on Friday.

ECB surprises with rate cut amid recovery fears

FRANKFURT, Germany (AP) — The European Central Bank has cut its interest rates and announced a new stimulus program that involves buying financial assets, a bid to salvage a weak economic recovery.

Why peripheral euro zone debt is worrying investors again

Companies in the peripheral euro zone countries which caused the near-disaster of the euro zone debt crisis are borrowing big again.