Eurozone set for volatile 2014 as it tackles banks

Paris (AFP) - The eurozone is finally set to return to growth in 2014 but the single currency bloc may not have put its crisis behind it as efforts to shore up its banks could boomerang.

Looser bank buffer rules no panacea for Europe woes

FRANKFURT/LONDON (Reuters) - A move by global regulators to give banks more time and flexibility to build up cash reserves will do little to support a recovery in Europe, where recession-hit companies and households have scant appetite for more debt.

Don't Rely on Banking Union to Solve Euro Zone Crisis

Conventional wisdom has it that the euro zone needs a banking union to solve its crisis. This is wrong. Not only are there alternatives to an integrated regulatory structure for the zone’s 6,000 banks, but centralization will undermine national sovereignty.

European Commission Approves Bailout of Four Spanish Banks

The European Commission on Wednesday approved a payment of €37 billion, or $48 billion, from the euro zone bailout fund to four Spanish banks on the condition that they lay off thousands of employees and close offices as part of their restructuring.

ECB to hold the line as euro crisis deepens

NEW YORK (CNNMoney) -- As the euro crisis moves toward a decisive moment, the European Central Bank is under renewed pressure to stabilize the troubled currency union.

Angela Merkel calls for 'more Europe' as response to crisis

GERMANY: German Chancellor Angela Merkel called Thursday for more powers to be transferred to the European Commission as a response to the debt crisis that threatens to tear apart the eurozone.