Italy is considering setting up a state-backed "bad bank" to help clean up its banking sector, Economy Minister Pier Carlo Padoan said in a newspaper interview on Sunday.
Tags: European Union
Greece should follow EU line on Russia: EU's Schulz
Greece should not undermine EU policy on Russia at a time when it is seeking support from its partners over its economic problems, European parliament President Martin Schulz told Greek newspapers on Friday.
EU considers capital markets curbs among new Russia sanctions
New European Union sanctions against Russia could include further capital markets restrictions, making it harder for Russian companies to refinance themselves and possibly affecting Russian sovereign bonds, EU officials said on Wednesday.
EU agrees $2 billion euros for Ukraine, to consider more
EU finance ministers agreed on Tuesday to loan Ukraine 1.8 billion euros ($2.0 billion) to help save it from bankruptcy, leaving open the option of increasing aid at a later stage.
S&P downgrades Russia's sovereign credit rating to 'junk'
Ratings agency S&P cut Russia's sovereign credit rating to junk status on Monday, bringing it below investment grade for the first time in a decade.
Latest News
The president of Goldman Sachs has urged Britain to stay within the European Union, warning, ahead of a May general election, that an exit would put the capital's status as a major financial center at risk.
Greece's leftist Syria party held onto its opinion poll lead on Friday as it campaigns to form the first euro zone government committed to scrapping austerity outright after elections this weekend.
After four years of economic sacrifices, Greece bet it could agree an early end to its international bailout. Instead a stand off with creditors in a Paris townhouse led to new political uncertainty and another euro zone storm.
Oil services giant Schlumberger plans to buy a 45.65 percent stake in Eurasia Drilling for about $1.7 billion, potentially paving the way for it to become the sole owner of Russia's most active oilfield services company.
No clear majority has so far emerged among EU states for a free-trade agreement between the European Union and the United States and both sides need to explain the benefits of such a deal, the EU's health chief said.
After a head-spinning bout of volatility, next week will be dominated by one question: Will the European Central Bank take the ultimate policy leap or pull its punches?
European antitrust regulators believed Amazon's (AMZN.O) arrangement with Luxembourg to minimise its tax bill did constitute state aid and expressed doubt that such aid was lawful, according to a document released on Friday.
Growing damage from Russia's financial crisis on neighboring former Soviet states could bury President Vladimir Putin's dream of creating an economic union to rival the United States and European Union.
British elections in May could arguably have as much impact on euro zone stability as this month's snap poll in Greece, making for an anxious period of up to six months for European investors.
