Multi-speed Europe

By Yiannis Papadoyiannis

Greek banks currently find themselves at the worst point since the start of the crisis, as credit sector officials say that deposits have now dropped below 130 billion euros, which means the savings of the last 11 years have now evaporated.

By Anna Edwards, Renee Bonorchis & Stefania Bianchi

Barclays Chief Executive Officer Antony Jenkins said he expects a solution to the standoff between Greece and international creditors, which risks ousting the country from the eurozone.

A closely watched survey shows uncertainty over the financial future of Greece is weighing on the eurozone economy.

Financial information company Markit said on Wednesday that concerns over Greece are acting as ?a brake on growth.?

Bulgaria's government has proposed to parliament to ratify the agreement with Norway to avoid double taxation of income.

The agreement was signed in July of last year to update the regulation framework governing the bilateral economic relations, the cabinet said in a statement on Wednesday.

By Tom Körkemeier & Jan Strupczewski

The chiefs of the European Central Bank and the International Monetary Funded headed to Berlin for talks late on Monday with the leaders of France and Germany on how to proceed with Greek debt negotiations.

By Nikos Chrysoloras

Greek officials and creditor institutions are locked in talks for another weekend as both sides work against a payment deadline to avert default and a euro-region exit.

German Institute Ifo and its president told CNBC that “It is time for a bigger debt haircut and more radical measures to help Greece”. He added that he believes that Greece should temporarily leave the Eurozone.

Turkey?s economic growth will remain broadly unchanged at 3 percent in 2015 and 2016, significantly below the country?s long-term potential, said the European Bank for Reconstruction and Development (EBRD) in its latest Regional Economic Prospects report on May 14. 

Finding a deal on Greece takes time because it is hard to strike the right balance between the new government's plans and the euro zone's rules, ECB executive board member Benoit Coeure said on Wednesday.

Growth in the eurozone strengthened to 0.4 percent in the first quarter, official EU data showed on May 13, with a surprising performance by France where the economy exceeded powerhouse Germany's.