IMF admits: we failed to realise the damage austerity would do to Greece

The International Monetary Fund admitted it had failed to realise the damage austerity would do to Greece as the Washington-based organisation catalogued mistakes made during the bailout of the stricken eurozone country.

Prolonged German downturn could prompt stimulus rethink

(Reuters) - The last thing the faltering European economy would appear to need right now is a sudden downturn in Germany, hitherto the bloc's pillar of strength.

Eurozone woes deepen as Spain's industry slumps

Hopes for a recovery in the eurozone suffered another blow on Wednesday with figures showing industrial output fell for a second successive month.

German industrial output fuels slowdown concerns

German industrial output rose 0.3% in June from May as concerns over the Ukraine crisis weighed on the economy.

Spanish Notes Climb Amid Speculation ECB Loans Will Extend Rally

Spanish two-year notes rose for a second week, with yields dropping to a record, as details of the European Central Bank’s targeted-loans program boosted bets this year’s rally in fixed-income assets can extend.

ECB set for growth-boosting interest rate cut

Expectations are running high that the European Central Bank (ECB) will loosen its monetary policy at its meeting on Thursday.

ECB keeps interest rates on hold at 0.25%

The European Central Bank (ECB) has kept its benchmark interest rate at a record low of 0.25%. It comes despite the fact that inflation in the currency bloc fell to a five year low in March.

European Central Bank keeps rates at record 0.25% low

The European Central Bank (ECB) has kept its benchmark interest rate at a record low of 0.25%.

ECB's Draghi 'ready to act if needed'

The European Central Bank (ECB) said it was "ready to act if needed", should more be required to boost the eurozone's economic health.

EU summit: France says bank deal helps eurozone fusion

The French president says a deal to start building a banking union on 1 January will enable the eurozone to speed up economic integration.

UK pushing for curbs on ECB in banking union

(Reuters) - Britain and other European countries have deep concerns about a banking union in the euro zone, although there are signs of a compromise to limit the powers of the European Central Bank (ECB) in countries outside the euro, a UK minister told Reuters.

Europe focused on union rather than breaking up banks

BRUSSELS (Reuters) - Experts may recommend this week that European banks should separate retail banking from their riskier investment arms to make them safer and soften the impact of financial crises.

U.S. risks persist, China in good stead so far: IMF

PUNTA DEL ESTE, Uruguay (Reuters) - A renewed drop in housing prices could thwart the U.S. economic recovery in the short term while Washington's lack of a "credible, comprehensive" fiscal plan poses a major medium-term risk, a top IMF official said.

Unicredit shares fall on rights issue concerns

Italian bank Unicredit fell sharply on the Milan stock exchange after it announced the details of a 7.5bn euro ($9.8bn; £6.3bn) sale of new shares.