Europe and Turkey ere set to sign an agreement offering Ankara cash and closer ties in return for help in stemming the flow of migrants to Europe.» Read More
The austerity measures being rolled out in countries across Europe will have a devastating effect on the living standards of its population, an economist told CNBC Friday.
Groucho Marx once said that money frees you from doing things you dislike. “Since I dislike doing nearly everything, money is handy,” said the Marx Brother.
France's Sarkozy wants the European Central Bank to get a banking license, the back door way to turn on the spending spigot; Germany's Merkel is opposed.
Stock markets have taken such a beating over the past few months that they are now more resilient to any upheavals, apart from a complete breakdown of the euro zone, an analyst told CNBC Thursday.
October Consumer Price Index fell 0.1 percent, a little lighter than expected, core CPI up 0.1 percent, in-line with expectations. Headline inflation now up 3.5 percent year over year (2.1 percent ex-food and energy), but the big worry: crude over $100. Headline CPI will not be so tame if that continues.
If the European Central Bank commits to a program to buy bonds from 'danger' states then the euro zone should stay intact, Patrick Armstrong, managing partner at Armstrong Investment Management, told CNBC Wednesday.
Confronted with turbulence in the provinces, the eurozone has sent in new governors. In place of the wayward George Papandreou, Greece now has Lucas Papademos, former vice-president of the European Central Bank. Instead of the unruly Silvio Berlusconi, Italy has Mario Monti, former head of competition policy at the European Commission, according to the FT.
Europe would find it hard to convince emerging markets such as Brazil or China to invest in a European bailout fund, a former European Commissioner warned on Tuesday.
"I think it's a pretty hard sell for Europeans to go to China or Brazil or Singapore or wherever and say, 'Hey guys, we've got this fantastic idea with you putting some of your money into a bailout fund that we're not prepared to put our money into," former EU Commissioner and Chairman of the BBC Trust Lord Patten told CNBC.
The only real solution to the crisis currently dragging down the euro zone is the scrapping of the single currency, according to John Wadle, head of regional banks research at Mirae Asset.
Investors can't seem to shrug off the situation in Europe, as markets start the week on a down note, with Rod Smyth, Riverfront Investment Group, and Kevin Caron, Stifel Nicolaus.
Italy manages a bond sale, and the Swiss are scolding - it's time for your FX Fix.
The changing of the guard at the top of Italy and Greece provided a small boost to markets Monday morning, but the new leaders have a long way to go to restore market confidence, investors warned Monday.
If we’re not to blame capitalism for the current wave of dissatisfaction, who are we to blame? Selfish prats. They can be found across the political spectrum and in all socio-economic groups. They make poor decisions and screw stuff up for everyone else.
The window of opportunity to save the euro is rapidly closing, as the sovereign debt crisis erodes the solvency of Europe’s banks and drives up borrowing rates for even once rock-solid countries like France.
Markets moved higher Friday on renewed optimism that Europe would be able to handle its debt crisis, with Bill Greiner, Scout Investments, and Rob Morgan, Fulcrum Securities.
Global markets are rallying today as Papdemos is sworn in as Greek's new prime minister and austerity measures pass in the Italian Senate, with CNBC's Michelle Caruso-Cabrera.
Political change in Italy will hold market attention Friday in what could be an otherwise quiet day, with the U.S. bond market closed for Veteran’s Day.
The swirl around Italy's debt woes is likely to dominate markets Thursday, after the rapid rise in Italian borrowing costs sent risk assets cascading around the globe Wednesday.
Fears that Italy, the world's third-largest debtor nation, cannot afford its obligations shook world markets, sending investors into the relative safety of the U.S. dollar and Treasurys.