France's Francois Hollande says world powers must work together to prevent a further worsening of relations between Russia and NATO member Turkey.» Read More
The exit of any of the countries in the euro region from the single currency would cause "complete chaos" in that country and is "almost inconceivable", Erik Nielsen, global chief economist at UniCredit, told CNBC Tuesday as the euro zone debt crisis continued to loom over European markets.
Former German Chancellor Gerhard Schroeder told CNBC that his successor, Angela Merkel, should never have tolerated the Greece-bashing as the euro zone debt crisis unravelled.
Sometimes a summer vacation can set you up for the autumn, allowing you some-hard earned rest to recharge the batteries before returning to the office, light of heart and confident about the prospects for the rest of the year.
Why what goes on in European economies has such an impact on the U.S. markets, with CNBC's Michelle Caruso-Cabrera. And a trader triple play, with Eric Wilkinson, independent trader; Boris Schlossberg, GFT Forex; and Bill O'Neill, Logic Advisors, on gold. And can the EuroZone be saved, with Tony Nash, Economist Intelligence Unit, and CNBC's Simon Hobbs.
The man who ran Germany when the euro began trading has an idea to save the euro zone: the creation of a "United States of Europe."
"If you look at the situation of the economic crisis it was always more political than financial. We need to simplify the decision-making process because at the moment it is far too complicated," Jose Maria Aznar, former Prime Minister of Spain, told CNBC.
Dismal news is sending the euro tumbling - but that doesn't mean you should jump in on weakness.
Nothing tells the story of August like the data. The DJIA is off by 4.7 percent month to date but the losses elsewhere show just what a difficult month it has been.
The size of the new fund earmarked for bailing out struggling euro zone economies is "enough" at 440 billion euros ($635 billion), a key German policymaker told CNBC Wednesday.PIIGS is a not too favorable term used by bond analysts, academics, and the press, to refer to certain countries of Europe. So which countries make up the PIIGS? Why are they important to track? CNBC explains.
"Inflation fears at the start of the year were always something I was skeptical about and which I always thought were overdone," Bob Parker, senior advisor at Credit Suisse, told CNBC. However, he added he was concerned that inflation could become an issue in 2013.
Not since the grim period after World War II has Germany had significant blackouts, but it is now bracing for that possibility after shutting down half its nuclear reactors practically overnight. The New York Times reports.
Global recession in 2012 is “65 to 75 percent certain" and could deteriorate into a lengthy depression, Roger Nightingale, economist and strategist at RDN Associates, told CNBC on Monday.
The Celtic Tiger boom years, and the subsequent bust, have made Ireland seem like a basket case, with the recent history of its housing market consigned to economics textbooks forever as an example of a hugely overinflated bubble.
EU leaders yesterday rounded on the new Head of the IMF calling her comments on Europe 'misguided'. Christine Lagarde's assessment is certainly stark. The former French Finance Minister argues economies are now in a 'new dangerous' phase' that requires Europe's banks be forced to recapitalize in order to cut the 'chain of contagion'.
German “bad bank” agencies holding billions of euros of Greek debt have still to decide whether to join a bond swap designed to cut Athens’ refinancing burden as part of an EU bail-out, the FT writes.
In Jackson Hole Wyoming on Saturday Jean-Claude Trichet, the president of the European Central Bank was due to give a speech to a meeting of policy makers hosted by the Federal Reserve. As he prepared to speak the euro zone faced huge problems.
Following weeks of heavy losses for banking stocks across Europe, the Sunday Times in the UK reported Sunday that European officials are working on a "radical plan" to prevent a fresh pan-European credit crunch.
Forbes Magazine might have just put German Chancellor Angela Merkel on the throne for the "Most Powerful Woman" in the world, but at home her less exulted throne of government is shaking.
Germany is playing a cat and mouse game with less successful European economies as negotiations over the euro zone crisis continue at the country level, Giles Keating, head of research at Credit Suisse, told CNBC Friday.
The world could be heading into another fully fledged credit crisis, according to Satyait Das, the author of Extreme Money: Masters of the Universe and the Cult of Risk.