Black economy clouds Spain's recovery from crisis

Madrid (AFP) - Many of Spain's five million unemployed dream of finding a steady job in the economic recovery vaunted by the government -- but a legion of undeclared workers still scrape by cash-in-hand.

Greek debt crisis talks stall over choice of hotel

In an inauspicious start to talks over awarding Greece a third bailout, international officials have postponed the negotiations after failing to agree with their hosts where they will stay and how they will operate when in Athens.

Forex traders have been shocked into behaving themselves but it might not last, says BoE director

Forex traders are behaving themselves in the wake of a series of fines and investigations, according to Chris Salmon, the Bank of England’s markets boss.

ECB Welcomes Greek Bank Resolution Bill With Legal Qualms

The European Central Bank welcomed Greece’s draft legislation to bring its bank-resolution rules into line with European Union law, while warning some provisions could harm the independence of the local monetary authority.

Germany is feasting on the rest of Europe

The situation in Athens seems to have calmed down, but former Federal Reserve Chairman Ben Bernanke thinks Europe has an even bigger issue to worry about: Germany.