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CNBC Franchise Archive Europe: Economy

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  • Euro Zone Growth Forecasts Cut Sharply Thursday, 11 Apr 2013 | 9:44 AM ET
    Job seekers speak with recruiters at the NYC Restaurant Job Expo at the Gabarron Foundation in New York, U.S., on Tuesday, April 9th, 2013.

    Economists have sharply cut expectations for euro zone economic growth this year, now seeing a 0.4 percent contraction compared with a 0.1 percent decline predicted just three months ago.

  • Portugal, Ireland Could Get 7-Year Bailout Extensions Thursday, 11 Apr 2013 | 9:15 AM ET

    Euro zone finance ministers will probably agree on Friday to give Ireland and Portugal seven more years to repay loans from the European Union, a senior official said on Thursday.

  • Cyprus Central Bank Denies Plan to Sell Gold Thursday, 11 Apr 2013 | 6:20 AM ET

    The Central Bank of Cyprus denied that it will sell 400 million euros ($525 million) worth of its gold reserves as part of the conditions to Europe's bailout of the island state.

  • Spain Politicians Raise Walls to Keep Out Protestors Thursday, 11 Apr 2013 | 1:33 AM ET

    Spanish police will erect barriers around politicians' residences to shield them from protests over the growing number of home evictions and to call for changes to mortgage laws.

  • Europe Shares Close at 1-Week High Wednesday, 10 Apr 2013 | 11:49 AM ET

    European shares extended gains to close sharply higher on Wednesday, with investor sentiment boosted by U.S. stocks reaching record highs and a successful Italian bond auction.

  • Italy Hikes Debt Targets to 130 Percent Wednesday, 10 Apr 2013 | 11:35 AM ET

    Italy's caretaker government on Wednesday sharply hiked its targets for public debt this year and next despite waves of austerity measures, and said there was now room for less restrictive fiscal policy.

  • Merkel on Course for Re-Election Despite Euro Crisis Wednesday, 10 Apr 2013 | 11:26 AM ET
    German Chancellor Angela Merkel, speaks in front of a flag of the European Union

    German Chancellor Angela Merkel's conservatives and their junior coalition partners have enough support to win a governing majority in September's election for the first time in more than three years, according to a poll out on Wednesday.

  • Portuguese Banks Need Extra 8 Billion Euros: Moody's Wednesday, 10 Apr 2013 | 10:33 AM ET
    Lisbon, Portugal

    Banks in bailed-out Portugal need an extra 8 billion euros ($10 billion) in capital, based on conservative tests of their financial health, Moody's Investors Service said on Wednesday.

  • Luxembourg to Scrap Bank Secrecy With EU Wednesday, 10 Apr 2013 | 8:07 AM ET

    Luxembourg plans to lift bank secrecy rules for European Union citizens who have savings based in the country, the prime minister announced on Wednesday.

  • Germans Among Poorest in Europe: ECB Study Wednesday, 10 Apr 2013 | 2:42 AM ET

    Germans are one of the poorest groups in Europe, according to the surprising findings of a joint survey by various divisions within the European Central Bank.

  • US and Europe Separated by Deep Gulf on Policy Wednesday, 10 Apr 2013 | 1:52 AM ET
    President Barack Obama and White House Chief of Staff Jack Lew.

    The effort by U.S. Treasury secretary Lew to persuade Europe to consider shifting its focus from budget balance to growth highlighted a deep trans-Atlantic policy gulf, the NYT reports.

  • Soros Tells Germany It Should Leave Euro Wednesday, 10 Apr 2013 | 1:42 AM ET
    George Soros

    Billionaire investor George Soros is the latest person to criticize Germany's role in the euro zone crisis, telling the country that it should consider leaving the euro zone.

  • Europe Risks 'Endless Depression' in Austerity Pursuit Wednesday, 10 Apr 2013 | 12:00 AM ET
    recession.jpg

    After Portugal's rejection of the cost-cutting measures on which its bailout package depends, Invesco Perpetual's chief economist has added his voice to the anti-austerity camp, warning it could lead to "almost endless depression".

  • Europe Shares Close Mixed Despite Miners Boost Tuesday, 9 Apr 2013 | 11:55 AM ET

    European shares closed mixed on Tuesday, with upward momentum coming from the basic resources sector as benign Chinese inflation data raised hopes of further monetary easing by Beijing.

  • A man eats food donated  by the Greek church in central Athens.

    Greek consumer prices entered deflationary territory for the first time in 45 years, data showed on Tuesday.

  • Slovenia Faces 'Severe Banking Crisis': OECD Tuesday, 9 Apr 2013 | 6:06 AM ET

    Slovenia is heading toward a severe banking crisis and a deep recession despite recent reforms, according to the OECD.

  • Siemens, Germany

    German imports fell sharply in February for the third time in the last four months and exports also declined.

  • Japan’s Yield Hunters Are Chasing European Debt Tuesday, 9 Apr 2013 | 1:25 AM ET
    A trader monitors the foreign exchange and stocks index in Tokyo.

    Japanese investment in Europe's bond markets are expected to jump following the Bank of Japan's drastic action to ease monetary policy, the FT reports.

  • EFSF Set to Launch New Cyprus-Backed Bond Tuesday, 9 Apr 2013 | 1:17 AM ET

    The European Financial Stability Facility is set to launch a new five-year benchmark bond on Tuesday that remains part-guaranteed by bailed-out Cyprus.

  • European Shares Close Off Highs Ahead of US Earnings Monday, 8 Apr 2013 | 11:48 AM ET

    European shares closed off their highs on Monday but remained in positive territory, shrugging off poor investor sentiment data for the euro zone.

Contact Europe: Economy

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