Latest update Eurozone economic news, Brussels turns up pressure over Libor, Banks face fines of up to 30 per cent of revenues as the European Commission warns financial institutions over antitrust issues
European Central Bank unveils €1.1bn profit on crisis bonds, Debt bought under the now-defunct Securities Markets Programme, which was designed to calm financial market fears of a eurozone break-up
Meanwhile, European Union chief urges shift away from deficits, Olli Rehn wants eurozone leaders to put less focus on deficit targets and instead move to liberalising economies so deficits shrink with growth
From Paris, France setback threatens eurozone recovery, Business activity in France remains weak, according to purchasing managers' index data, while Germany is more robust, yet lower than expectations
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