HSBC slashes Greek bank forecasts

Bank of Cyprus is preferred play The Greek banking sector needs to adapt to an austere environment, dominated by sluggish credit expansion, higher impairment charges, higher retail deposits costs and the fear

Merkel says euro zone has bought itself time

Euro zone countries have bought themselves time to deal with the currency area's debt crisis and must now consolidate their public finances to secure the euro's future, German Chancellor Angela Merkel said

Euro zone May jobless stable

Euro zone unemployment held stable at 10 percent in May, a sign that a long and steady deterioration in the labour market may have stalled, but the outlook remains pessimistic as austerity

Negative outlook for Dutch banking system

The outlook for the Dutch banking system remains negative, Moody's Investors Service said in its new outlook for the Netherlands, reflecting the many uncertainties and risks associated with the still ongoing radical