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CNBC Franchise Archive Europe: Economy

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  • UK Food Bank Visits Surge, Not Just for the Poor Friday, 8 Feb 2013 | 2:11 AM ET
    Cans of food at the Thamesmead food bank in London.

    With unemployment at a 16-year high and one in five people living below the poverty line, the number of people using food banks in the U.K. has escalated during the recession. But it's not just the less well-off that are in need of help.

  • Europe's Economy Still Weak: ECB's Draghi Thursday, 7 Feb 2013 | 9:09 AM ET
    ECB’s New Bond Plan: OMT! Crisis Averted, for Now

    Economic activity in the euro area will remain weak in early 2013 before gradually recovering later in the year, European Central Bank (ECB) President Mario Draghi said on Thursday.

  • Carney Sets High Bar to Bank of England Changes Thursday, 7 Feb 2013 | 7:38 AM ET
    Incoming Bank of England Governor Mark Carney

    Mark Carney, the next governor of the Bank of England, said on Thursday any rethink of how British monetary policy is run should be made carefully but changes should be looked at over time.

  • Scandal, Economy Push Up Yields at Spanish Auction Thursday, 7 Feb 2013 | 5:15 AM ET
    Is Spain Facing Japan-Style Stagnation?

    Political uncertainty over a corruption scandal and revived concerns over the economic health of the euro zone forced the Spanish Treasury to pay more to borrow at a triple-bond auction on Thursday.

  • Some US Companies Are Seeing a Bottom in Europe Wednesday, 6 Feb 2013 | 4:17 PM ET
    European Parliament building in Brussels, Belgium.

    American companies aspire European region to boost its profit in 2013 after years of weakness.

  • Monte Paschi Loss Could Be Up to 1 Billion Euros Wednesday, 6 Feb 2013 | 9:20 AM ET
    The Monte dei Paschi di Siena SpA logo is seen on one of the bank's branches in Rome, Italy.

    Board members at Monte dei Paschi are expected to say that Italy's third largest bank may have lost up to 1 billion euros on trades, higher than the initial estimate.

  • Shorting Sterling Ahead of Carney Hearing: Bad Idea? Wednesday, 6 Feb 2013 | 7:46 AM ET
    Incoming Bank of England Governor Mark Carney

    Incoming Bank of England Governor Mark Carney is set to address policymakers at a U.K. parliamentary committee on Thursday with many expecting sterling to fall as he delivers his dovish policy outlook, but analysts have told CNBC that this could prove to be wrong and the currency could in fact move sharply higher.

  • Europe Consumers Are World’s Most Pessimistic: Survey Wednesday, 6 Feb 2013 | 6:55 AM ET
    A customer browses garments for sale inside a Hennes & Mauritz AB (H&M) store in Stockholm, Sweden, on Tuesday, Jan. 29, 2013.

    Europe suffers the worst consumer confidence levels in the world, according to a survey by market research firm Nielsen which showed that Greek, Hungarian and Portuguese consumers topped the poll of pessimists.

  • Avoid Spain, but Buy Spanish Regions: RBS Wednesday, 6 Feb 2013 | 6:52 AM ET

    Spanish regions are Prime Minister Mariano Rajoy's biggest headache: they're highly indebted and decentralized. RBS has found a sweet spot in Spain's strongest regions with returns of 14 percent over the past three months since the bank initiated the trade.

  • Iceland to Support Crown Via Market Intervention Wednesday, 6 Feb 2013 | 5:14 AM ET

    Iceland's central bank said it planned to support the crown currency after it temporarily suspended its regular purchases from market makers.

  • Should Draghi Cut Rates to Dampen the Euro? Wednesday, 6 Feb 2013 | 3:33 AM ET
    Mario Draghi

    Record high unemployment mean the European Central Bank has scope to lower interest rates in order to weaken the spiraling euro, ING Senior Economist Carsten Brzeski said.

  • Signs of Recovery for Euro Zone, Optimism Builds Tuesday, 5 Feb 2013 | 4:11 AM ET

    The euro zone's embattled economy has turned a corner, according to a business survey on Tuesday that showed businesses are more optimistic about the future but highlighted a growing chasm between the region's economies.

  • Merkel Has 'Full Trust' in Rajoy's Government Monday, 4 Feb 2013 | 11:02 AM ET
    German Chancellor Angela Merkel and Spain's Prime Minister Mariano Rajoy address a press conference at the Chancellery in Berlin on February 4, 2013 after their meeting.

    Angela Merkel told Spain's Mariano Rajoy she had full confidence in his government's ability to push through reforms, brushing aside a growing corruption scandal.

  • Commerzbank Posts Surprise Quarterly Loss Monday, 4 Feb 2013 | 8:55 AM ET
    commerzbank-200.jpg

    Commerzbank, Germany's No. 2 bank, posted a larger-than-expected quarterly loss after a cut in its medium-term profit forecasts had a damaging effect on its tax accounting.

  • Peripheral European economies are paving the way for an earlier return to growth than forecast thanks to fast-growing exports and falling labor costs, Standard & Poor's said in a new report on Monday.

  • Euro Zone Factory Prices Fall, Mirror Inflation Monday, 4 Feb 2013 | 5:06 AM ET
    The European Central Bank headquarters in Brussels.

    Euro zone factory prices fell for the second month in a row in December, mirroring the trend in consumer inflation and leaving room for a possible European Central Bank interest rate cut to revive the weak economy.

  • This Week, Watch What Central Bankers Say, Not Do Sunday, 3 Feb 2013 | 7:02 PM ET
    European Central Bank (ECB) headquarters in Frankfurt, Germany.

    Central banking is in a state of flux as policymakers from Tokyo to Washington ditch prevailing orthodoxies to try to grab a bigger share of a slow-growing global economic pie.

  • France On Track for Growth Target: Minister Sunday, 3 Feb 2013 | 10:31 AM ET

    French Finance Minister Pierre Moscovici on Sunday said the government believed it could reach its 2013 economic growth target of 0.8 percent.

  • RBS Told to Pay Libor Fines From Bonus Pool Sunday, 3 Feb 2013 | 5:50 AM ET
    Royal Bank of Scotland

    Royal Bank of Scotland faces the prospect of scrapping all bonuses for its investment bankers this year to free up cash to pay fines for its involvement in a global interest rate rigging scandal.

  • Inflation Nears ECB Goal Amid Record Joblessness Friday, 1 Feb 2013 | 1:37 PM ET
    ECB’s New Bond Plan: OMT! Crisis Averted, for Now

    Euro zone inflation fell to a two-year low as companies cut prices at a time of record joblessness, potentially giving the European Central Bank more scope to lower interest rates.

Contact Europe: Economy

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