Barclays is comfortable with its exposure to Europe and now has more cash on its balance sheet than before the 2008 financial crisis, CEO Robert Diamond told CNBC Wednesday.
The idea that Paulson needed a crisis in order to solve a bigger crisis could be seen by some as a post-game rationalization by the former official, but it raises some interesting questions for German Chancellor Angela Merkel and Europe's ongoing sovereign debt crisis.
On July 21, EU leaders agreed to a second bailout for Greece, one that was supposed to draw a line under the euro zone debt crisis and give the new government in Athens a chance come to grips with the huge debts it inherited when it was elected. One month later, and the situation appears to be getting worse rather than better, according to Simon Derrick, the head of currency research at Bank of New York Mellon.
"I think the German PMI announcement will have an impact on spread widening, because investors will see it as an indication that the world is slowing, Germany is slowing, and in general, risk is increasing," Adrian Schmidt, FX strategist at Lloyds Bank Corporate Markets, told CNBC.
Predictablity on the global political stage is failing to allay market uncertainty, says Vince Farrell.
Insight on how the euro can find stability again, with Frank Engels, Barclays Capital co-head European economics.
European leaders are being pushed into closer fiscal union sooner than they had anticipated by volatile markets concerned over a dearth of ideas on how to solve the sovereign debt crisis in the euro zone, analysts and investors told CNBC.
Euro bonds are exactly the “wrong answer” to the current crisis and would merely lead the euro zone to a "debt union" rather than a “stability union” according to German Chancellor Angela Merkel.
Europe’s economic and monetary union as constructed does not work and the euro zone needs some collective and determined leadership according to Jim O’Neill, the chairman of Goldman Sachs Asset Management.
The week's top business news and investment advice, including how to trade Europe, US financials, HP's sharp drop and the run-up in gold.
"The terror in Europe stopped, amid rumors there might be weekend meetings and things getting solved," Art Cashin said. "Europe is going to continue to drive this bus and we should be worried about any new things there."
The US and European Union pose divergent threats to a global economic recovery and despite weak growth in the United States, the euro zone debt crisis is more likely to impede a recovery, Paul Donovan, deputy head of Global Economics told CNBC.
The “Euro bond” solution to the euro zone’s sovereign debt problems appears to be an idea whose time has come, Moorad Choudhry writes.
A viewer tweeted me last week (@louisabojesen) saying "Don't phone lines exist between Berlin and Paris? Why was the face-to-face meeting necessary between French President Nicolas Sarkozy and German Chancellor Angela Merkel?"
Discussing Europe's debt problems; the transaction tax proposal, and what's ailing banks, with Richard Bove, Rochdale Securities, and Ed Groshans, Height Analytics.
Even as France and Germany were proposing new euro zone reforms, Finland was inking its own deal with Greece. Now others want in.
The debate over whether a tax should be imposed on financial transactions continued Thursday morning as markets around Europe sank again.
The Merkel-Sarkozy proposed fix for Europe is a "step in the right direction," but a "revival" of the transaction tax could drive customers from Europe to banks in emerging markets and the U.S., Deutsche Bank CEO Josef Ackermann warned.
Investors were hoping for more than they got from the meeting between Frances's Nicolas Sarkozy and Germany's Angela Merkel. Here's what to do now.
As stock markets in Europe faltered Wednesday after Tuesday's meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy failed to reassure, some investors told CNBC that they are starting to become bullish after recent market falls.