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.
CNBC's Ross Westgate with a look at today's proposals to shore up Europe's debt crisis, including a tax on financial transactions and mandatory balanced budgets.
CNBC's Ross Westgate has the details on the Euro leaders' meeting, and discussing its impact on the markets, with Keith McCullough, Hedgeye Risk Management, and Andre Julian, OpVest Wealth Management.
CNBC's Simon Hobbs with the latest details from the European leaders, and the White House responds to Gov. Rick Perry's threat to the Fed chairman, with CNBC's Eamon Javers. Also, the Fast Money traders weigh in on Europe's economy and how to play it, with Dennis Gartman, The Gartman Letter.
CNBC's Ross Westgate has the latest details on the meeting between the two European leaders, and a preview of today's press conference, with Michael Hewson, CMC Markets; Daniel Gross, Yahoo Finance, and CNBC's Michelle Caruso-Cabrera.
Though Tuesday's Sarkozy-Merkel meeting won't focus on issuing euro bonds, some say its adoption may be the only way to save the EU, reports The New York Times.
German growth disappoints, British inflation rolls on, and Sarkozy and Merkel are set to meet - time for your FX Fix.
The next recession could happen within a quarter of a year, one fund manager told CNBC Tuesday, as weak German economic growth figures were announced.
A preview of tomorrow's meeting between the two leaders and its impact on global markets, with Charles Dallara, Institute of International Finance.