European markets finish the week with a mixed results. Bank stocks are among the best performers. Analysts say ECB liquidity injection has eased fears, but the ECB's Draghi warns not to expect further injection of funds into banks. Spain intends to base 2012 budget on higher deficit target than stated earlier. With Jim Bianco, Bianco Research and Diane Swonk, Mesirow Financial.
German tax collection experts have volunteered to go to Greece to help combat widespread evasion, in a move that risks reigniting tensions between Berlin and Athens, the Financial Times reports.
How markets are responding to the passage of a Greece austerity package, with CNBC's Steve Liesman, Rick Santelli, and Scott Nations, NationShares president & CIO.
Greek parliament passes the austerity bill and riots follow in the streets of Athens, with CNBC's Julia Chatterley.
David Malpass, Encima Global, and John Browne, Euro Pacific Capital, discuss Italian Prime Minister Mario Monti's efforts so far in addressing the debt crisis.
Mario Monti, Prime Minister of Italy, discusses Italy's economy as Europe works to solve its debt crisis, with CNBC's Maria Bartiromo.
Markets in Europe are mostly down as Greek opposition to the austerity plan heats up. Bank stocks are among the biggest losers. Spain approves sweeping labor market reforms. Four Greek ministers resign in protest over the new austerity package. Greece's police union threatens to issue arrest warrants for EU, IMF officials.
The danger of disaster in the financial markets has receded since the start of the year, after additional liquidity injections, one strategist told CNBC Friday.
A Greek debt deal was clinched today. Insight on the agreement, with Peter Boockvar, Miller Tabak, and Barry Knapp, Barclays Capital.
Greek protesters burned German flags as thousands marched through the streets of Athens on Tuesday, according to CNBC staff on the ground. This could be seen as straightforward biting the hand that feeds.
There have been almost as many new acronyms slipping into business news as there have been euro zone summits in recent months.
The debt crisis will continue to plague the euro zone even if Greece gets an agreement and its second bailout, with Portugal likely to be the next country to face the scrutiny of the markets, an economist told CNBC Monday.
“We do not want higher inflation and we’re not tolerating higher inflation,” Fed chairman Ben Bernanke told Congress yesterday. In a way, that’s true. Washington is exporting higher inflation , which it does not want, to the emerging world, which must tolerate it. And Brussels has joined in.
U.S. markets lose early gains after a surprise drop in consumer confidence. Homebuilders are down today after home prices fall again. RadioShack shares plunge after the company severely lowers its Q4 forecast. And the bull run in gold appears to remain intact.
Hopes for a Greek deal persist, and British consumers are feeling better - it's time for your FX Fix.
Euro zone unemployment has risen to its highest level since the euro single currency was introduced, data showed on Tuesday, a day after EU leaders promised to focus on creating millions of new jobs to try to kickstart Europe's floundering economy.
Chancellor Angela Merkel cemented her political ascendancy in Europe on Monday when 25 out of 27 EU states agreed to a German-inspired pact for stricter budget discipline, even as they struggled to rekindle growth from the ashes of austerity.
Germany's unemployment rate fell to a record low in January, data showed, though subdued retail sales figures suggested concern about the euro zone crisis rather than a healthy jobs market had driven consumer spending in the run-up to Christmas.
Markets in Europe extend losses as Wall Street slumps. Bank stocks among the biggest losers. Yields fall in the latest 5- and 10-year auction of Italian debt. Negotiations between Greece and private-sector creditors continue. Underwriters hike cost of insuring Portugal bonds and want upfront payment. And Germany's Merkel to actively support re-election efforts of Frances's Sarkozy.
"I am convinced we can avoid a Greek default," Wolfgang Schauble, Germany Federal Minister of Finance tells CNBC's Maria Bartiromo. "We are trying to do a growth friendly deficit deduction," he adds. Oilli Rehn, European Commissioner for Economic and Financial Affairs, also weighs in.