European Central Bank
  • IMF’s troika representative to Greece Poul Thomsen, right, speaks as Greek Financial Minister Yannis Stournaras listens during a conference on the economy in central Athens, Monday, April 15, 2013.

    The agreement, which includes the firing of civil servants, paves the way for the debt-ridden country to receive the next installment of its bailout pot.

    LAST UPDATE : Apr 15, 2013, 6:01 PM EDT
  • Unemployed people gather on a street and hold a banner reading, ''More unemployment. Less protection. Poverty. Exclusion'' while a woman shelters by the rain in Pamplona northern Spain on Tuesday, April 2, 2013.

    Inflation across the 17 European Union countries that use the euro fell for the third month running in March to its lowest level in nearly three years.

    LAST UPDATE : Apr 03, 2013, 7:38 AM EDT
  • NICOSIA, Cyprus (AP) — All banks in Cyprus except the two largest in the country are to reopen for business Tuesday, more than a week after they shut down to prevent a drain on deposits by customers worried they would lose part of their savings.

    LAST UPDATE : Mar 25, 2013, 3:25 PM EDT
  • People queue at an ATM outside a closed Laiki Bank branch in capital Nicosia, Cyprus, Thursday, March 21, 2013.

    The European Central Bank warned that it would pull the plug on the country's banks at the start of next week if no bailout deal is agreed.

    LAST UPDATE : Mar 21, 2013, 2:00 PM EDT
  • Asian stock markets and the euro tumbled as a plan to fund a bailout for Cyprus by taxing its bank deposits raised worries it could spark an exodus of capital from fragile European economies.

    LAST UPDATE : Apr 04, 2013, 8:22 AM EDT
  • Students march under the snow while they protest against austerity measures on state schools, in Pamplona, northern Spain on Thursday, March 14, 2013.

    Pols still want higher taxes and budget cuts, but are slowing the pace in hopes of avoiding any further slowdown in economic growth.

    LAST UPDATE : Mar 15, 2013, 8:39 PM EDT
  • President of the European Central Bank Mario Draghi, left, speaks to Spain's Prime Minister Mariano Rajoy, right, during a meeting at the Moncloa Palace, in Madrid, Spain, Tuesday, Feb. 12, 2013.

    Spain has succeeded in stabilizing a banking system that almost collapsed last year and is well-positioned for better economic times going forward, said Mario Draghi said

    LAST UPDATE : Feb 12, 2013, 2:52 PM EST