
The European Union is due to begin a two-day summit in Brussels that will focus on issues surrounding the eurozone crisis. High on the agenda will be controversial plans for a eurozone banking union, seen as a key element in restoring confidence in the euro. In the run-up to the summit, Germany has been urging [...]

European Central Bank’s president, Mario Draghi, has unveiled details of a new bond-buying plan aimed at easing the eurozone’s debt crisis. Mario Draghi said the scheme would provide a “fully effective backstop” and that the euro was “irreversible”. The ECB aims to cut the borrowing costs of debt-burdened eurozone members by buying their bonds. Ahead [...]

European markets have risen after a weekend poll in Greece showed growing support for a pro-austerity conservative party. The survey suggested the New Democracy party could gain about a quarter of the votes, leaving it as the biggest party, albeit without overall control. Elections are due to be held on 17 June. London, Paris and [...]

European stock markets had a shaky start on Friday as concern continued over Greece and Spain. Spain’s main share index fell more than 2% before recovering, while shares in London fell by as much as 1%. Confidence in European banks was undermined by ratings agency Moody’s, which cut the credit ratings of 16 Spanish banks [...]

Euro fell against the dollar and the pound on Monday following French and Greek election results, which cast doubt on European austerity plans. Pro-bailout parties in Greece performed poorly, while Francois Hollande won the French presidency, promising to focus more on growth. The euro fell as low as $1.295, its lowest since January, and dropped to [...]