European Crisis

About 25 banks failed stress tests: source

Half of the banks that failed still have additional capital needs, source says.

UK rejects 'appalling' EU demands

by AAP
PM says he will not pay the extra €2.1 billion required under new EU rules.

UK PM calls talks over EU's €2.1bn levy

by AFP
Cameron interrupts EU summit for meeting of finance ministers over demand for fresh cash.

Italy's consumer confidence falls in October

Sentiment hits lowest level since February as country heads towards third year of recession.

EU tensions continue on national budget rules

Second day of EU summit a tough test for framework of national budget oversight.

EU requires extra €2.1bn payment from UK

New budget demand likely to inflame eurosceptic sentiment, weigh on govt.

UK economic growth slows in Q3

ONS data shows 0.7 per cent growth for the quarter as services sector slips.

German sentiment tipped to rebound in November

Gfk survey shows consumers becoming less sensitive to global conflicts.

France can do more to cut spending: ECB's Noyer

Bank of France, ECB leader suggests reduction of €21 billion, ahead of Brussels deadline.

UK not immune to EU pain: Cameron

UK PM says eurozone's economic strains will undoubtedly impact Britain.

EU needs 'flexible' approach on budgets: Hollande

French President renews push for budget leeway ahead of leadership summit.

EU seeks more information on Italy's budget

Commission criticises 2015 budget's 'significant deviation' from EU fiscal rules.

ECB asset purchases could be more powerful than QE: Broadbent

Bank of England official says buying private sector assets may encourage productive risk-taking.

Don't blame BoE for wealth gap: Broadbent

Deputy governor for monetary policy hits back at criticism of ultra-low interest rates.

UK retail sales fall in September

ONS data shows decrease smaller than expected, brings eighteenth consecutive month of annual growth.

Spain grows 0.5% in Q3

Eurozone's fourth-largest economy tips annual growth of 1.6 per cent in the quarter.

Eurozone PMI lifts slightly in October

Markit survey shows output still at second-lowest reading for the year.

UK car production spikes in 9 months to September

by AFP
Year-to-date figures show the biggest nine-month rise in six years.

Spanish unemployment falls in Q3

Solid tourist season drives the decrease in joblessness.

French manufacturing sentiment lifts in October

Print surprises expectations for a fall, business owners say orders still below normal.