Politics Angela Merkel

  • Piazza Venezia, Rome, Italy

    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.

  • Piazza Venezia, Rome, Italy

    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.

  • european_union_cracked_200.jpg

    The euro zone debt crisis could claim more political scalps across the euro zone, according to analysts.

  • Jim Rogers

    The world is definitely going to face another financial crisis stemming from problems in Europe, Jim Rogers said Wednesday.

  • Former U.S. Federal Reserve Chairman Paul Volcker

    The scale of Europe’s debt problems has forced its central bank to go beyond its traditional role in order to limit the cascading effect of the crisis, the former Chairman of the U.S. Federal Reserve Paul Volcker, told CNBC on Tuesday.

  • Gold Bars

    Gold surged to over $1790 an ounce touching a six-week high on Monday as investors continued to pile into the traditional safe haven on an intensifying European crisis that has brought Italy's debt woes into the forefront.

  • President of the European Commission Jose Manuel Barroso chats with U.S. President Barack Obama as (from L to R) Russian President Dmitry Medvedev, German Chancellor Angela Merkel, French President Nicolas Sarkozy and Japanese Prime Minister Naoto Kan follow behind as the leaders emerge from lunch on their way to the first plenary session at the G8 Summit on May 26, 2011 in Deauville, France. France is hosting the G8 Summit, which focuses on issues including African development, the Arab Spring

    The Group of 20 is seeking to meet again, possibly before Christmas, with the aim of resurrecting a deal to provide an international firewall around Greece, G20 sources have told the Financial Times, saying negotiators at the Cannes summit had been close to an agreement.

  • German Chancellor Angela Merkel and French President Nicolas Sarkozy

    Those looking for firm action in the final G20 communique would have had a hard time finding much to get their teeth into.

  • International Monetary Fund Director Christine Lagarde

    Europe failed to get the leaders of the world's wealthiest economies to help out with its debt troubles, but everyone left a G20 summit Friday relieved that at least they forced the Greek prime minister not to hold the world hostage with a bailout vote.

  • greece_flag_cracked_200.jpg

    Greek Prime Minister George Papandreou insisted he was not resigning at today's emergency cabinet meeting, according to state television.

  • The former Greek Prime Minister, George Papandreou

    Greek Prime Minister George Papandreou's grip on power looked shakier Thursday after the storm surrounding his wish for a referendum on Greece's bailout deal grew, but he apparently has no plans to leave power.

  • factory-worker2-200.jpg

    Europe made a serious mistake in trying to carve itself out as a services industry region to the detriment of manufacturing, a CEO told CNBC Thursday.

  • Evangelos Venizelos

    Tensions between Greek Prime Minister George Papandreou and Finance Minister Evangelos Venizelos are increasing the risk of a Greek government collapse, after Europe and the International Monetary Fund (IMF) warned the debt-laden country Wednesday that it will cut off its aid flow until a planned referendum is resolved.

  • France's President Nicolas Sarkozy (R) welcomes German Chancellor Angela Merkel as she arrives for a meeting on debt crisis.

    The European council of heads of states have met 7 times this year and still have another meeting in the diary. Europe’s finance ministers have met 11 times and plan two more before the year is out.

  • Was Papandreou Correct to Call Referendum?

    Are Greek austerity measures too severe? Was Greece's PM correct to call a referendum? Peter Morici, University of Maryland, and Jeffrey Kleintop, LPL Financial, discuss.

  • Merkel, Sarkozy Grilling Papandreou

    Telis Demos, Financial Times, sheds insight on the meeting between European leaders after the Greek PM called for a referendum on the bailout deal.

  • greece_church_flag_200.jpg

    Simply incredible. After Greece entered the European Union under likely false pretenses about their financial condition, and after the European Union has obsessed for months trying to find an orderly solution to the massive debt issues of Greece, Greek leadership now decides to suddenly be uber-democratic and ask for a referendum.

  • E.U.

    Just five days after  EU leaders agreed a new plan to tackle the debt crisis, it is already facing huge criticism. The market, fueled by the collapse of MF Global on Monday, is showing Angela Merkel and Co exactly what it thinks on Tuesday.

  • European Central Bank

    A month-long rally for stocks and a European Union deal on its debt crisis have lifted investors' mood, but at least one economist is amazed at the reaction to Europe’s latest attempt to solve its sovereign debt woes.

  • businessman_crystalball_200.jpg

    It's been an ama-a-a-zing week for risk-on currencies, but this strategist thinks a shift is coming.