"I am very concerned about the European economy," European Central Bank policymaker Mário Centeno told CNBC's "Squawk Box Europe" on Friday. The ECB on Thursday took down its gross domestic product expectations for the euro area.

EUROPEAN shares pared declines to close flat on Thursday, after the European Central Bank’s interest rate cut boosted bank stocks, offsetting pressures from rising long-term bond yields. Read more at The Business Times.

A tectonic shift in German fiscal policy has compounded uncertainty for traders trying to bet on how fast the European Central Bank will cut rates for the rest of the year, with a change to the bank's guidance on Thursday reinforcing that.

Inflation in Europe eased to 2.4% in February, supporting the case for another interest rate cut from the European Central Bank but leaving open how far the central bank will go in lowering borrowing costs.

Will the European Central Bank face a problem that has bedeviled the Bank of Russia? European governments are about to embark on a big increase in defense spending, fueled by growing doubts about the reliability of the U.

When the system went down on Thursday, the chaos that descended in the 10 hours it took to identify and fix the problem blocked the welfare payments of more than 15,000 mostly elderly and poor Greeks

The euro edged higher after the European Central Bank cut interest rates but signaled it could move cautiously with further easing. The euro rose 0.3% to $1.082. It had been flat

European shares pared declines to close flat on Thursday, after the European Central Bank's interest rate cut boosted bank stocks, offsetting pressures from rising long-term bond yields.