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Europe News Eastern Europe

  • Greek Parliament

    Greece's official lenders are signaling a growing reluctance to keep paying the bills of the nearly bankrupt nation, even as the government seeks leniency on its bailout terms.

  • Gavel

    As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wrongdoing by big banks and individuals at the center of the scandal. The New York Times reports.

  • 120712_Buffett_SimpsonBowles.jpg

    This is a transcript of Warren Buffett, Alan Simpson, and Erskine Bowles' Sun Valley live interview on CNBC's Squawk Box, July 12, 2012, from 8am to 9am ET.  They discussed why the U.S. needs to address its mounting debt problem and suggested some solutions.

  • Warren Buffett is interviewed on CNBC's Squawk Box, July 12, 2012

    This is a transcript of Warren Buffett's Sun Valley live interview on CNBC's Squawk Box, July 12, 2012, from 7:30am to 8:00am ET.  In his conversation with Becky Quick, Buffett says he now sees U.S. economic growth slowing, but residential housing is picking up slightly. He also says Europe has "been slipping pretty fast" over the past six weeks.

  • Cigarettes

    For years, law enforcement officers and smugglers have played cat and mouse in Europe, where contraband cigarettes are stashed in everything from furniture shipments to loads of Christmas trees, the New York Times reports.

  • Wall Street sign

    As big banks face the fallout from a global investigation into interest rate manipulation, American and British lawmakers are scrutinizing regulators who failed to take action that might have prevented years of illegal activity, the New York Times reports.

  • fx_fix_1_200.jpg

    The euro's slide stalls and Chinese consumer price inflation keeps slowing — it's time for your FX Fix.

  • Robert Diamond, CEO of Barclays.

    While it was big news when the Barclays chairman, Marcus Agius, resigned Monday over his bank’s role in the Libor rate-fixing scandal. Less noticed was his other resignation that same day, the New York Times reports.

  • Mario Draghi

    The spotlight in the European debt crisis has now shifted decisively toward the influential leader of the European Central Bank, Mario Draghi, who emerged from the recent summit meeting in Brussels with new powers and stronger backing to address the Continent’s financial woes. The New York Times reports.

  • Castle Square in Warsaw old town, 30th July 2010. (Photo by Luis Davilla/Cover/Getty Images)

    As EU leaders scramble to save the euro zone and cobble together policies to restore growth, Poland is solidifying its position as the union’s fastest growing economy, the Financial Times reports.

  • French President Francois Hollande (L) speaks with German Chancellor Angela Merkel (R)

    The French President is determined to show the French that he is willing to stand up to Berlin, to push the German Chancellor to contribute even more than before toward a lasting solution of the euro mess. The New York Times reports.

  • putin_vladamir_200.jpg

    Russia's prospects are brighter than those of many other economies, despite fears that the return of Vladimir Putin to the presidency will slow the pace of structural reforms and falling oil prices could hurt its budget.

  • european_union_crack2_200.jpg

    The head of the European Central Bank and other euro zone leaders worked on Saturday on a grand vision for the euro zone meant to reassure investors and allies that flaws in the currency union will be addressed quickly.

  • Euro bills

    As Europe works to prop up Spain’s wobbling banks, its leaders still face a problem that plagues the Continent’s increasingly vulnerable financial institutions — a longstanding addiction to the borrowed money that provides the day-to-day financing they need to survive.

  • Estonia

    Paul Krugman dismisses Estonia's economic progress. Here's the bigger picture, and the back story behind one of the most entertaining Twitter wars in euro zone history.

  • As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money, the New York Times reports.

  • Russia

    Russia’s typical out-of-step response to global events – the latest its refusal to condemn the Assad regime in Syria – show its increasing insignificance on the world stage, Nouriel Roubini, chairman of Roubini Global Economics and Ian Bremmer, president of Eurasia Group, argue in an op-ed in the Financial Times

  • European Central Bank

    The European bailout of 130 billion euros ($163.4 billion) that was supposed to buy time for Greece is mainly servicing only the interest on the country’s debt — while the Greek economy continues to struggle, the New York Times reports.

  • Budapest, Hungary

    The deepening euro zone crisis is threatening the integration of Eastern European nations into the single currency area, the Chief Economist at the European Bank for Reconstruction and Development (EBRD) told CNBC’s “Worldwide Exchange”.

  • Francois Hollande, France's president, arrives for a news conference following the European Leaders (EU) summit at the European Council headquarters in Brussels, Belgium, on Thursday, May 24, 2012.

    French President, Francois Hollande has cast himself as the European leader pushing hardest to forge a growth-oriented “new path” through the euro zone’s grinding debt crisis, pitting him against the austerity-minded German Chancellor Angela Merkel, the New York Times reports.