European Commission

Tomorrow is the informal meeting of the European Commission and the European heads of state, which is a meeting to help set the agenda and decide on exactly what they will sign at the formal meeting in June. There will be lots of headlines and quoting of every person there, but I think that there...

Shortly after signing an agreement with 25 other European Union leaders for a new fiscal treaty that would punish euro zone countries that failed to meet budget targets, Spanish Prime Minister Mariano Rajoy dropped the bombshell that Spain was going to run a bigger 2012 deficit than the one it had...

The European Central Bank provided euro zone area banks with another 530 billion euros ($712 Billion) in cheap loans on Wednesday. The European Central Bank (ECB) hopes that the low interest loans that it gave to 800 euro zone banks will give the euro zone economies a boost and lower the borrowing...

The European Commission (EC) released a report today saying that last quarter's economic contraction will extend into the first two quarters of 2012, sending the euro zone group of economies into a recession. Today's report from the European Commission forecast that euro zone economies will shrink...

German Chancellor Angela Merkel on Wednesday resisted calls to introduce bonds issued jointly by all eurozone member states. The so-called eurobonds would likely drive down borrowing costs for troubled eurozone members like Greece, Italy and Spain but if that were to happen, logic dictates that...

Announced earlier today, the European Commission [EC] has approved the deal that would allow Microsoft to acquire Skype, the world's largest voice over IP (VoIP) service. The EC sees no evidence that the deal would "significantly impede effective competition in the European Economic Area or any...

Banking stocks across Europe have been rising since European Commission President Jose Manuel Barroso said that the eurozone's leaders were considering recapitalizing the region's banks. Banking stocks had already been given a boost after German Chancellor Angela Merkel said that Europe needed to...

The euro dropped to an 8-month low against the American dollar, as concerns over Greece's ability to pay its debts continued to put pressure on the eurozone currency. European stock markets were also down during Monday trading as investors worried about the effect that a Greek default would have on...

Moody's Investors Service downgraded 8 Greek banks on Friday, citing the banks' exposure to Greek government bonds and a worsening Greek economy. Earlier this year, all of Greece's major banks agreed to a government bond swap that resulted in them reporting billions of euros in losses, which hurt...

The Capitol of Greece was brought to a standstill on Thursday as thousands of public transport workers went on strike in protest of the latest round of austerity measures that are aimed at convincing Greece's international creditors that the country is serious about reducing its fiscal deficits....