The present crisis of the Eurozone is a direct consequence of a half hearted, half considered, half explained and therefore half finished integration process, writes the former Prime Minister of Hungary.
The U.K. deputy prime minister said on Thursday that any solution to the euro zone crisis must not lead to some member states dictating terms to other European nations—such as the U.K.—that are outside the currency union.
Recent declines in banking and financial stocks are part of a "banking crisis in slow motion," one investor told CNBC as the markets awaited the outcome of a key vote on the European Financial Stability Facility (EFSF) in Germany.
Economists at Citigroup have again cut their global gross domestic product forecasts for 2011 and 2012 as growth prospects “continue to deteriorate quickly.”
Matt Bishop, US business editor at The Economist magazine, told CNBC why US investors should be concerned about the outcome of the German vote on expanding the EU bailout fund.
Stocks have rallied in recent days on hopes that European Union leaders and policy-makers are close to an agreement that would significantly increase the firepower of the European Financial Stability Fund (EFSF)-- essentially the euro zone's rescue fund for troubled member states -- so that it can help deal with the zone's long-simmering debt crisis.
As European markets fell Wednesday immediately after European Commission President Jose Manuel Barroso confirmed plans for a financial transaction tax, the idea was met with scorn in some quarters.
A positive feedback loop between banks and weak sovereigns is emerging, with a potentially calamitous effect on the euro zone and the global economy, Martin Wolf writes in the FT.
Insight on the forces affecting the markets now, with Mad Money host Jim Cramer.
In the aftermath of the MENA turmoil, Japan’s triple crisis, the U.S. debt-ceiling debacle and the latest round of the Eurozone turmoil, the world economy remains closer to “serious damage” than ever since fall 2008. Globalization is at risk.
The good news is that European leaders are banding together to save the Euro by borrowing from the European Central Bank. The bad news is, its still the same as borrowing from the member states, says blogger Vince Farrell.
CNBC's Silvia Wadhwa has the latest details on Tuesday's meeting between Greek Prime Minister Papandreou and German Chancellor Merkel, and a look at whether Europe will be able to overcome its debt crisis, with Rich Ross, Auerbach Grayson; Louise Cooper, BGC Partners; and CNBC's Steve Liesman.
After a weekend of talks at the International Monetary Fund’s annual meeting in Washington over how best to deal with the euro zone debt crisis, we appear no closer to a resolution.
The Obama administration, increasingly alarmed by the spillover effects of Europe’s financial crisis, has begun an intensive lobbying campaign to persuade Chancellor Angela Merkel of Germany to ramp up efforts to stem any contagion from the debt crisis in Greece, the NYT reports.
The “Mad Money” host lays out his “Game Plan.”
A situation where Greece cannot pay back its public debt can no longer be excluded, European Central Bank Governing Council member Klaas Knot was quoted as saying on Friday.
Austerity-weary Greeks lashed out against more tax hikes and pension cuts with a new round of strikes, with public transport workers, taxi drivers, teachers and air traffic controllers walking off the job Thursday.
The chances of Italy defaulting on its debt repayments are actually smaller than the market is pricing in, according to analysts at Credit Suisse.
The European banking system is the biggest threat to global equities, according to a survey of investors by Barclays Capital.
Germany sold 4.188 billion euros of 10-year government bonds on Wednesday in an auction that attracted greater demand than at a previous sale and sent borrowing costs to a record low in the category.