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  • EU Leaders Set Proposal

    CNBC's Ross Westgate with a look at today's proposals to shore up Europe's debt crisis, including a tax on financial transactions and mandatory balanced budgets.

  • Sarkozy/Merkel Meeting Leads Markets Lower

    CNBC's Ross Westgate has the details on the Euro leaders' meeting, and discussing its impact on the markets, with Keith McCullough, Hedgeye Risk Management, and Andre Julian, OpVest Wealth Management.

  • WOTS Now: Sarkozy, Merkel & the Markets

    CNBC's Simon Hobbs with the latest details from the European leaders, and the White House responds to Gov. Rick Perry's threat to the Fed chairman, with CNBC's Eamon Javers. Also, the Fast Money traders weigh in on Europe's economy and how to play it, with Dennis Gartman, The Gartman Letter.

  • Merkel & Sarkozy Meet

    CNBC's Ross Westgate has the latest details on the meeting between the two European leaders, and a preview of today's press conference, with Michael Hewson, CMC Markets; Daniel Gross, Yahoo Finance, and CNBC's Michelle Caruso-Cabrera.

  • Merkel And Sarkozy Meet Amid Greece Crisis

    Though Tuesday's Sarkozy-Merkel meeting won't focus on issuing euro bonds, some say its adoption may be the only way to save the EU, reports The New York Times.

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    German growth disappoints, British inflation rolls on, and Sarkozy and Merkel are set to meet - time for your FX Fix.

  • Recession-themed newsprint cuttings

    The next recession could happen within a quarter of a year, one fund manager told CNBC Tuesday, as weak German economic growth figures were announced.

  • Sarkozy, Merkel & Your Money

    A preview of tomorrow's meeting between the two leaders and its impact on global markets, with Charles Dallara, Institute of International Finance.

  • After the turbulence of the summer, there has been plenty of speculation about whether Western economies may suffer a double dip into recession after recovering from the downturn of 2008-09.

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    Uncertainty over sovereign debt and the volatility in world markets could mark a period of "2008 redux," and the best option for investors is to remain cautious with long-term assets and hold on to cash, Julian Pendock, a partner at Sendock Capital, told CNBC.

  • Unemployed men queuing for coffee and bread at a soup kitchen run by the Bahai Fellowship at 203 East 9th Street, New York, circa 1930.

    As the European markets were braced for another turbulent day, one analyst at Citi warned that a decade of economic slowdown could follow if Italy and Spain default on their debt repayments.

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    The German banking sector should be able to withstand stresses resulting from exposure to peripheral Europe, with the possible exception of Commerzbank, which has a high level of PIIGS exposure, according to Michael Rohr, head of financials at Silvia Quandt Research.

  • Tennis

    August is famously the month when most of Europe hits the beach. Markets are quiet, parliaments are closed, and very little happens.

  • EU Leaders Under Pressure

    European Union leaders are under pressure to take action to stem the spreading debt crisis. CNBC's Michelle Caruso-Cabrera with the details.

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    What has become clear to anyone who is not actually running a euro zone member state or a central bank in Frankfurt is that reacting to yesterday’s crisis simply leads to tomorrow’s crisis.

  • eu building brussels

    Let's make this quite clear: there is no need for the markets to get spooked by German Finance Minister Wolfgang Schaeuble's comments about "no carte blanche for ESFS bond buying".

  • German Chancellor Angela Merkel

    Since the euro zone debt crisis began, disagreements between the German Chancellor and the head of the European Central Bank have hampered attempts to find a lasting solution, analysts have said.

  • German Chancellor Angela Merkel

    German Chancellor Angela Merkel pressed Monday for a quick agreement on a new rescue package for Greece, and said she is confident that Italy will push through an austerity plan.

  • German Chancellor Angela Merkel

    German Chancellor Angela Merkel has certainly changed her tune. Now she's warning about the exposure of European financial institutions to credit default swaps that insure Greek bonds.

  • German Chancellor Angela Merkel

    Germany has been a frequent cudgel in recent fights over the American economy. When Germany has grown faster than the United States, stimulus skeptics like to point across the Atlantic Ocean and say that austerity works. When it has grown more slowly, people who think the American stimulus made a big difference — including me — return the favor the Mew York Times reports.