Eurozone outlook improves, International Monetary Fund says

The outlook for the eurozone has improved, says the International Monetary Fund (IMF), thanks to a falling oil price, a weaker euro and action taken by the European Central Bank (ECB). It predicted that growth would pick up to 1.7% next year, from 1.5% this year.

The euro is only headed down: Goldman

Amid Greece's Sisyphean drama, the euro has been like a brick-you can throw it, just not very far.

Angela Merkel scolds Italy and France over the faltering eurozone recovery

Angela Merkel has delivered a sharp rebuke to Italy and France for hindering the eurozone's recovery by breaking longstanding fiscal rules.

Eurozone unemployment level sees slight fall

The number of people unemployed in the eurozone dipped slightly in May, but not by enough to dent the unemployment rate.

German Ifo business morale in June hit by Ukraine, Iraq

BERLIN (Reuters) - German business sentiment weakened more than expected in June as concern grew among companies in Europe's largest economy that tensions in Ukraine and Iraq would hurt their business.

Euro-Area Factory Output Expands Faster Than Forecast: Economy

Euro-area factory output grew at a faster pace than economists forecast in December, led by Germany, as the currency bloc continued its gradual recovery from a record-long recession.

Euro zone economic mood rises to 13-month high in June

BRUSSELS (Reuters) - Euro zone economic confidence improved by more than expected in June, rising to its highest level in a little over a year, a sign that Europe could be emerging from nearly three years of slump brought about by its debt and economic crisis.

Euro zone industrial output shows surprise rise in April

BRUSSELS (Reuters) - Industrial output from euro zone factories defied market expectations of a month-on-month decline and rose in April, data showed on Wednesday, but the pace of expansion was slowed by a drop in production of energy and durable consumer goods.

Spanish prime minister denies corruption allegations

The Spanish prime minister Mariano Rajoy has issued a televised denial or corruption allegations that are threatening to engulf his government and destablise the eurozone.

Forex Forecasts: Euro’s Relief Rally Depends on Crisis Ease in 2013

The Euro has put in for a remarkable trend shift through the second half of 2012, but its bullish ambitions should not be considered a clear trend.

Europe at loggerheads over banking union

European finance ministers clashed over plans for a banking union on Saturday, with Germany leading criticism of proposals to introduce a single banking supervisor by January.

Longer working week suggested for Greece

Greece's international lenders have suggested measures including increasing the maximum working week to six days.

Eurozone manufacturing PMI falls again in August

Manufacturing output across the 17-country eurozone shrank again in August, according to a widely-watched survey.

ECB cuts eurozone rates to record low of 0.75%

The European Central Bank (ECB) has reduced its key interest rate from 1% to 0.75%, a record low for the eurozone.

Euro zone risks spark broad-based selloff

LONDON: Uncertainty over the impact of a potential Greek exit from the euro drove a rush to safety by investors on Monday, sending the single currency and European shares down to near four-month lows.

Euro-Zone Banks To Tighten Credit Conditions Further In 1Q

FRANKFURT -- Euro-zone banks expect to tighten credit conditions further in the first quarter on top of a surge in tightening already in the fourth quarter of last year as a result of the deepening sovereign debt crisis, while they see their wholesale funding conditions easing somewhat due to the European Central Bank's non-standard measures, the ECB said Wednesday.

Euro, Asian Stocks Fall on Debt Concern

The euro weakened against most of its major peers, Asian stocks dropped to a 15-month low, while U.S. futures and oil pared gains amid concern European policy makers will struggle to contain the region’s crisis.

Europe’s shared currency dropped 0.7 percent to 102.64 yen at 11:28 a.m. in Tokyo and slid 0.5 percent to $1.3433. The New Zealand dollar weakened for a sixth day and the won slumped 1.6 percent. The MSCI Asia Pacific Index lost 0.8 percent and the Nikkei 225 Stock Average sank 1.6 percent after Japan’s markets resumed after a holiday. Standard & Poor’s 500 Index futures rose 0.6 percent, paring gains of as much as 1.3 percent. Oil was little changed in New York and gold dropped a fourth day.

Eurozone inflation unexpectedly slows in July to 2.5%

Eurozone inflation unexpectedly slowed in July to 2.5%, raising questions about when the European Central Bank (ECB) might raise interest rates again.

The preliminary estimate is down from 2.7% in June, according to the European Union statistics office Eurostat.

The July reading comes as a surprise after data earlier this week suggested inflation in Germany, Europe's largest economy, edged up to 2.4%.

ECB raises eurozone interest rates to 1.5%

The European Central Bank (ECB) has raised interest rates to 1.5% from 1.25% in an attempt to cool inflation in the 17-nation eurozone.

ECB president Jean-Claude Trichet said that inflation, now 2.7%, was likely to remain "clearly" above the ECB's 2% target over the coming months.

Euro Zone Status Quo 'Untenable': Economist

The current situation in the euro zone is "untenable" and policymakers will have to either pursue greater European economic integration or see countries exit the euro, George Magnus, Senior Economic Advisor, UBS told CNBC Tuesday.

"Every crisis takes us closer to the point where an existential decision has to be taken," Magnus said. "This sequential crisis that the euro zone has been through since the beginning of last year must be resolved."