FRANKFURT

By Angeline Benoit & Alessandro Speciale

Euro-area economic confidence fell more than forecast, Spanish consumer prices dropped the most in five years and German unemployment unexpectedly rose in a burst of data backing Mario Draghi’s warning that more stimulus may be needed.

Greek 10-year bond yields dropped to a record 5.57 percent on Wednesday, breaking the previous record of 5.58 percent, set on June 10.

The development is in line with the wider climate that has prevailed in European markets since ECB President Mario Draghi said on Friday that the bank was prepared to respond with all available tools if eurozone inflation drops further.

By Stefan Riecher

Germany probably underperformed Spain last quarter for the first time in more than five years as the euro-area recovery almost ground to a halt.

By Giorgos Mantelas

By Nikos Roussanoglou

Athens offers the smallest discounts in rental rates for professional properties among 21 cities in the Europe, the annual report by Savills estate agents has found.

The city-state Monaco has the highest number of millionaires, compared to any other city in the world, a new study shows.

A total of 29.21% of Monaco's population is classed in this financial bracket, according to a survey by Spear's, in association with leading wealth consultancy company WealthInsight.

By Simon Kennedy

When the European Central Bank policy makers first convened in June 1998, Bundesbank President Hans Tietmeyer didn’t like what he saw.

By Stefan Riecher & Giovanni Salzano

When the European Central Bank unleashed a stimulus barrage in June, it cautioned that the economy would take some time to respond. Data due this week may test its patience.

By Vassilis Ziras

Nikos Chrysoloras & Georgios Georgiou

Cyprus wants to start talks with the European Central Bank on a debt swap that would ease the burden on the country’s largest lender, two people familiar with the discussions said.