Banks in the eurozone will suffer "considerable" loan losses in 2010 and 2011, potentially leading to €195bn (£165bn) in futher write-downs, the European Central Bank (ECB) warns.
Greece has agreed the outline of a €24bn austerity package, including a three-year wage freeze for public sector workers, in return for a multibillion-euro loan from the eurozone and the International Monetary Fund, according to people familiar with the...
Businesses need to rethink their approach to finance or the effects of the recession will be unnecessarily prolonged, HSBC research suggests.
The European Central Bank has given its starkest warning to date on growing strains in the eurozone credit markets, reports The Telegraph .
The European Central Bank (ECB) has cut Eurozone interest rates to 3.25% to stave off the risk of recession.
Eurozone inflation has climbed to a record level as food and fuel costs continue to soar.
The gap between interest paid on Euro offshore savings accounts and the European Central Bank's (ECB) base rate is widening, according to Investec Bank.
People with Euro offshore savings accounts should review their interest rate as there is a growing disparity between European Central Bank (ECB) rates and offshore savings rates, according to Investec.
Investors considering buying or remortgaging on the Continent should move quickly to avoid a further interest rate rise, according to Savills Private Finance International.