Standard and Poor's should've waited at least a week to announce it had put 15 European Union nations on its CreditWatch for potential downgrade, said the chairman of tire maker Pirelli.
"Merkel und Sarkozy wollen automatische Strafen für Schuldensünder." That's the headline for the news about Angela Merkel's and Nicolas Sarkozy's plan to rescue Europe in Germany's Der Tagesspiegel newspaper.
Standard and Poor’s has warned Germany and five other triple-A rated members of the euro zone that they risk having their top-notch ratings downgraded as a result of deepening economic and political turmoil in the single-currency bloc.
CNBC's Michelle Caruso-Cabrera highlights Angela Merkel and Nicolas Sarkozy's latest proposals.
Chancellor Angela Merkel and President Nicolas Sarkozy announced in Paris today that they will push for changes to the EU Treaty to prevent governments from spending too much. There are still analysts advising clients on how to prepare for a potential breakup, with CNBC's Michelle Caruso-Cabrera. Jens Nordving, G10 FX Strategy at Nomura, also weighs in on the euro.
The market has been driven higher by hopes for a solution to European woes. I think this is probably just a set up for a dramatic crash once it is revealed that the signals of solidarity coming from Germany's Angela Merkel and France's Nicolas Sarkozy have been false signs.
French President Nicolas Sarkozy and German Chancellor Angela Merkel are calling for a new treaty to address debt troubles, with CNBC's Steve Liesman. Thomas Lee, JP Morgan, also discusses the market rally.
French President Nicolas Sarkozy and German Chancellor Angela Merkel are outlining what's being called a euro zone master plan, with CNBC's Steve Liesman.
The euro is holding firm against the dollar, boosted by optimism on Italian austerity measures and the Merkel-Sarkozy meeting, with Marc Chandler, Brown Brothers Harriman.
Now that the euro has bankrupted Greece and pushed Italy and other Mediterranean states to the brink, Angela Merkel proposes tough, EU-administered disciplines on national deficits.
Markets appear to have high hopes for this week’s summit meeting in Europe to begin putting an end to the financial crisis. Yet there’s ample reason to believe the market’s hopes will be dashed again. Here's why.
European leaders huddle and the euro lifts - it's time for your FX Fix.
As the German chancellor, Angela Merkel, and the French president, Nicolas Sarkozy, are about to meet in Paris, CNBC's Annette Weisbach in Frankfurt and Stephane Pedrazzi in Paris discuss what will be on the meeting's agenda.
Europe's sovereign-debt crisis, which has dragged on for more than two years, is entering a pivotal week, as leaders across the continent converge to prevent a collapse of the euro and a financial panic from spreading.
U.S. futures were little changed after nonfarm payrolls were about in line with expectations at 123,000, but the headline unemployment rate of 8.6 percent, well below expectations of 9 percent, and October nonfarm payrolls were revised upward.
With reports on payrolls, employment, capital spending, and construction, here's your data driven FX Fix.
The West is facing a "mission impossible" as it attempts to tackle high unemployment, inflationary pressures and exchange rate tensions, an economist told CNBC.
After a week that saw stocks fall heavily and euro zone borrowing costs rise sharply, a report in the Italian press highlighted just how eager for some kind of action the market is.
There will be huge opportunities for investors over the next 16 to 20 months because markets will soon reach a "cathartic moment" as they head towards total dire straits, a chief economist told CNBC.
Guess where we'll be getting our cues from this week. From the bond markets and the politicians! Tadaaa! Fantastic! So something new to look for then! Unfortunately...not the case. Glancing at the agenda, the most important political event to be aware of is the Euro group meeting of Finance Ministers on Tuesday.