Ruble Falls Fifth Day as Russia Efforts Damp Carry-Trade Appeal

The ruble weakened for a fifth day as Russian government and central bank efforts to stem the currency’s gain damped its carry-trade appeal.

Russia details bank recapitalization scheme

(Reuters) - Russian banks with at least 25 billion roubles in capital and willing to increase lending to key sectors of the economy will be able to participate in a 1 trillion rouble ($15.65 billion) recapitalization plan, Russia announced on Friday.

Borrowing costs jump for fragile euro zone states

LONDON (Reuters) - Borrowing costs for some of the euro zone's most highly indebted southern states shot higher on Thursday, as fears of slowing economic growth wounded confidence that the European Central Bank could avert another debt crisis in the bloc.

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.

Irish Bonds Rise, Yields Drop to Record in Market Return

Ireland’s 10-year yield fell to a record as the nation auctioned government bonds for the first time since 2010, the latest sign the euro region’s financial woes are abating.

Euro Zone Government Debt Falls For First Time Since Crisis

The debts of euro-zone governments fell in the three months to September, the first decline since the end of 2007, and an indication that the currency area may be getting on top of one of its most pressing problems.

Euro zone likely to backstop banks with promises rather than cash

BRUSSELS (Reuters) - Euro zone governments have set aside almost no money to make good on their promise to recapitalise ailing banks after a health check next year.

Time to act again, Mr. Draghi?

Further European Central Bank action to jump start the eurozone economy: Let me get back to you.ECB President Mario Draghi says he's doing what he can.

The euro crisis no one is talking about: France is in free fall

FORTUNE -- Given investors' confidence in its sovereign debt, and its image as Germany's principal partner in the sturdy, sensible "northern" eurozone, you'd think that France endures as the co-guardian of the endangered single currency.

Euro zone heading into another recession

(Reuters) - The euro zone will slip into recession and won't grow until 2013, according to the latest Reuters poll of economists who also don't expect any new aggressive policy response from the European Central Bank.

Europe crisis: Spain passes market test, Merkel douses summit hopes

MADRID/LONDON: Spain showed on Thursday that it can still access the credit markets at an affordable but rising cost against a backdrop of feverish behind-the-scenes planning for a likely European rescue of its debt-stricken banks.