German Chancellor Angela Merkel said the ceasefire agreement in eastern Ukraine has not been respected or fully implemented.» Read More
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.
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.
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.
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.
Telis Demos, Financial Times, sheds insight on the meeting between European leaders after the Greek PM called for a referendum on the bailout deal.
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.
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.
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.
It's been an ama-a-a-zing week for risk-on currencies, but this strategist thinks a shift is coming.
The U.S. needs to be careful of what Greeks call "mati"—the evil eye. While the market cheered the Greek bailout deal with a 340 point climb, a deal is not a deal until the deal is done.
Even if China would like to support the Eurozone, it cannot bail out risky crisis economies. There is a win-win solution, but that requires concessions on both sides.
Following Thursday's much-anticipated euro zone deal, investors are looking again at stocks although a rally in Europe petered out at mid-day.
The market whip, with Jon Najarian, OptionMonster.com; Jim Iurio, TJM Institutional Services; and Ken Heebner, Capital Growth Management. And Charles Dallara, former asst. Treasury Secretary who negotiated the Greek debt agreement, discusses what happened behind closed doors leading up to the deal.
“Buy Low. Sell High. And don’t get them confused!” There are few more important rules for investors. I’m struck once again by the faithful Pavlovian response of those who were hating stocks as they dipped briefly into Bear Market territory and now, after a 14% gain (in the S&P 500), are waving their bidding paddles and fanning their short-term gains.
As markets have been rebounding on euro hopes, the eurozone leaders have been debating a plan that should satisfy the financial markets. The hope is futile. A comprehensive plan does not exist. The eurozone crisis will get worse before it will get better.
Negotiators remain divided, however, on the issue of what will happen to the remaining 50 percent of the current outstanding 205 billion euros ($284.9 billion) of debt load.
With France's economic growth outlook fast deteriorating, President Nicolas Sarkozy increasingly has little choice but to launch a new round of belt-tightening six months from a presidential election.
Congratulations and commiserations: next week, you will take up one of the most important central banking jobs in the world; but you will also bear a frightful responsibility. The FT reports.
Here’s your quick translation of the news that the International Monetary Fund is “considering” a plan to back a special investment vehicle being proposed as part of the expansion of the European Financial Stability Facility.
Can they make it? Amid reports of intense disagreements, European Union leaders are now out of time for their EU Summit meeting tomorrow, after which German Chancellor Angela Merkel said they would present a coherent plan for dealing with the euro zone crisis. There were reports that began surfacing yesterday that disagreements were so intense it was possible it could be put off again. The EU Finance Ministers meeting scheduled for Wednesday has reportedly been postponed.