George Soros has issued a passionate plea to the German government to lead the eurozone out of recession by boosting growth, creating a joint fiscal authority and guaranteeing common bonds, or itself leave the currency union to save the future of Europe. The FT reports.
After Thurday’s announcement by the president of the European Central Bank, Mario Draghi, in which he detailed the central bank’s pledge to buy government bonds of struggling euro zone countries, newspapers in Germany have hit out at the plan with surprisingly few exceptions.
Jack Bogle, Vanguard Group founder, reacts to the ECB's new bond buying program. "The market generally takes these things far too seriously," he says. "These are stopgap solutions -- which is really all we can ask for."
European Central Bank Chief Mario Draghi has announced a new "unlimited" bond-buying program to help heavily indebted euro zone countries, but will it work?
Discussing the ECB's plan to buy short-dated Spanish and Italian bonds and the future of the euro, with CNBC's Kelly Evans, Michelle Caruso-Cabrera, Silvia Wadhwa, and Barclays' Barry Knapp.
The European Central Bank will refrain from publishing any formal cap on bond yields when it announces a new plan to buy distressed eurozone sovereign debt at its governing council meeting on Thursday, two people familiar with the matter said. The FT reports.
A slowdown in Germany could make politicians there even more averse to a bailout for the neighbors, this strategist says.
The euro zone will stay intact even if a vulnerable country ends up leaving the currency bloc, Luxembourg’s Finance Minister told CNBC.
Interest rates paid by companies in the eurozone’s weaker economies have surged, highlighting the bloc’s fragmentation as the European Central Bank loses control of borrowing costs. The FT reports.
Only a quarter of Germans think Greece should stay in the eurozone or get more help from other countries in the currency union, a Financial Times/Harris poll has found.
There might be those who say with a smirk "About time!", when these latest rumors about a possible resignation of — dare I say — teutonically stubborn German central bank president Jens Weidmann flittered through the headlines.
Greece has “one last chance” to prove its credibility to international lenders, Eurogroup chief Jean-Claude Juncker told a press conference in Athens. But with the country set to ask for yet another extension on its bailout, some economists are questioning whether it’s time to expel Greece from the euro zone – or whether, perhaps, it will choose to leave of its own accord.
German Chancellor Angela Merkel tops Forbes’ list of the world's 100 most powerful women for the second-consecutive year, and Secretary of State Hillary Rodham Clinton is No. 2.
Euro trade data is upbeat but Spanish bank loans are getting worse - it's time for your FX Fix.
Germany's conservative coalition is pushing to pay moms who stay home to care for children ages 1 to 3. Opposition parties are outraged, calling the plan an antiquated take on family politics.
German Chancellor Angela Merkel said Thursday Germany is committed to do everything they can to maintain the euro and renewed her call for fiscal discipline by praising Canada for not "living on borrowed money" and saying it should serve as a model for Europe.
The euro currency could face significant negative pressure as fears that the stagnating euro zone crisis continues unabated and global economic growth remains muted according to analysts.
The governing council of the European Central Bank (ECB) is set to take center stage on Thursday with speculation mounting about what sort of intervention, if any, could be announced.
Happy days are here again for the euro - for now, says this strategist.
Financial markets spiked Friday on a report that ECB President Draghi may propose new measures to ease Europe's debt crisis.