Euro to Rally as ECB Fails to Implement Negative Rates

The Euro was a top performer this week despite flashes of excessive volatility – the EURUSD saw prints close to $1.3100 and 1.2800 – as a slight uptick in data coupled with general anxiety over several of the single currency’s counterparts allowed gains to be found.

Eurozone unemployment rate hits record high

Unemployment in the eurozone touched a fresh high in April, fuelling fears that the deepening jobs crisis threatens the social fabric of the currency bloc.

Crisis states lead way as euro zone's economic mood brightens

BRUSSELS (Reuters) - Confidence in the euro zone economy grew by more than expected in May, with hope that the worst of the crisis may be over spreading to countries that have been on its frontline.

Europe rows back on FTT plans

European countries pressing for a £30bn financial transaction tax are rowing back on their plans in the face of international opposition and concerns about the economic damage the levy could cause.

Bankia Shares Tumble After a New Stock Issue

MADRID — Shares in Bankia, the giant Spanish mortgage lender that was at the heart of the country’s banking crisis, fell sharply on Tuesday after a large share issue that was meant to herald a new start.