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Glance: Europe's Key Institutions

Following the chaotic bailout of Cyprus, top European Union officials are saying it's time to rethink how the region manages its crisis — and who should be involved. Full story

Weak U.S. data sends dollar lower, Wall Street seen down

LONDON (Reuters) - Surprisingly weak U.S. housing and labor market data erased the dollar's gains against the euro and the yen on Thursday and pointed to a lower start on Wall Street. Full story

News Summary: Eurozone recession drags on

DUBIOUS RECORD: The eurozone is now in its longest recession, a six-quarter slump that has topped the downturn that hit the region in the financial crisis of 2008-9. Full story

S&P says Cypriot deposit grab may set euro zone precedent

LONDON (Reuters) - The grab on bank deposits that accompanied Cyprus's bailout could be repeated elsewhere in the euro zone, and the bloc's banking union may not be strong enough when it is introduced, Standard and Poor's said on Wednesday. Full story

Divisions hamper Europe's plans to tackle failing banks

BRUSSELS (Reuters) - The European Central Bank clashed with Germany on Tuesday over how quickly the euro zone should complete a system to deal with failing banks. Full story

Eurozone growth hopes emerge after industrial data

A larger-than-expected increase in industrial production across the 17 European Union countries that use the euro has raised hopes that the recession in the currency bloc has eased or even ended. Full story

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Articles

German ZEW investor morale rises less than expected in May

Spain, Portugal push for full banking union as Germany finds hurdles

Mixed signals for the global economy

ECB survey points to euro zone contraction this year

ECB's Asmussen warns about risks of low interest rates

Global economic growth slowed in April: PMIs

Draghi says high debt countries must not row back on budget goals

EU predicts eurozone recession to continue in 2013

Eurozone inflation falls to 3-year low in April

Green light for some tweaking of euro austerity

Video

  Maria's Observation: Why Worry Over Cyprus?

Cyprus' economy is minuscule in relation to its peers in the euro zone. CNBC's Maria Bartiromo shares her observation on the parliament rejecting a plan that the EU would bail out the country.

  Global Markets: Euro Banks Skid on Cyprus Bailout Plan

CNBC's Kelly Evans reports euro zone concerns have resurfaced on news of a proposal that would tax depositors.

  McVey: Number 1 Thing Missing Is CEO Confidence

Discussing where investors should expose themselves, and the state of optimism surrounding the euro zone, with Henry McVey of KKR. "What we see is a world where the central banks are having to overextend themselves to overcompensate for government dysf...

  Political Gridlock Grips Italy

CNBC's Michelle Caruso-Cabrera reports Italy's election is rattling markets and reviving concerns over instability in the debt plagued euro zone.

  Political Deadlock Grips Italy

CNBC's Michelle Caruso-Cabrera reports the latest outcome from Italy's elections have left the country with no clear majority in the Senate, which could cause economic chaos and further damage to the euro zone.

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Related Photos

Eurogroup chairman Dijsselbloem waits to address the European Parliament's Economic and Monetary Affairs committee in Brussels
Eurogroup chairman Dijsselbloem waits to address the European Parliament's Economic and Monetary Affairs committee in Brussels

Eurogroup chairman Jeroen Dijsselbloem waits to address the European Parliament's Economic and Monetary Affairs committee to discuss the way in which assistance to member states has been conducted, particularly Cyprus, in Brussels May 7, 2013. REUTERS/Francois Lenoir

Eurogroup chairman Dijsselbloem arrives to address the European Parliament's Economic and Monetary Affairs committee in Brussels
Eurogroup chairman Dijsselbloem arrives to address the European Parliament's Economic and Monetary Affairs committee in Brussels

Eurogroup chairman Jeroen Dijsselbloem arrives to address the European Parliament's Economic and Monetary Affairs committee to discuss the way in which assistance to member states has been conducted, particularly Cyprus, in Brussels May 7, 2013. REUTERS/Francois Lenoir (BELGIUM - Tags: BUSINESS POLI