CNBC Franchise Archive Europe: Economy


  • ‘Debt Peril’ Awaits UK Households If Rates Rise Friday, 12 Jul 2013 | 1:20 AM ET

    Up to 650,000 more UK households face "debt peril" if mortgage rates rise unexpectedly before the economy returns to full strength. The Financial Times reports.

  • Deja Vu: Greek Unemployment Breaks Another Record Thursday, 11 Jul 2013 | 11:16 AM ET

    Fuelled by three years of austerity Athens has imposed in return for bailout funds from its foreign lenders, unemployment inched up to 26.9 percent in April.

  • Bank of England Faces ‘Big Challenge’ Wednesday, 10 Jul 2013 | 7:00 PM ET

    The U.K.'s economy will continue to improve, but the Bank of England faces a "big challenge" to maintain that recovery while ending quantitative easing, according to a report from Pricewaterhouse Coopers (PwC).

  • EU Gives Spanish Banks the Thumbs Up Wednesday, 10 Jul 2013 | 8:01 AM ET

    Spain's banking aid program is on track and its economy is stabilizing, despite the difficult macroeconomic conditions, the European Commission said on Wednesday.

  • ECB: Asmussen's 'Extended' Rate Guidance Unintended Wednesday, 10 Jul 2013 | 2:05 AM ET

    The European Central Bank's guidance on interest rates extends beyond 12 months, and the bank could pursue other measures to shore up the euro zone, ECB policymaker Joerg Asmussen said.

  • Portugal Opposition Socialists Want New Bailout Plan Tuesday, 9 Jul 2013 | 7:08 AM ET
    Antonio Jose Seguro

    Portugal needs a new bailout program due to the failure of the current austerity policies, the head of the main opposition party said.

  • Greece May Reach Surplus by End of 2013: Lagarde Monday, 8 Jul 2013 | 9:10 PM ET
    International Monetary Fund Managing Director Christine Lagarde

    Greece's budget could be back in surplus by the end of the year, although a lot of work still needs to be done in terms of reforms, says IMF's Managing Director Christine Lagarde.

  • Risky Business: UK Companies Go for Growth Monday, 8 Jul 2013 | 7:00 PM ET
    The sun rises over skyscrapers in the Canary Wharf business district in London, U.K.

    An increasing number of British chief financial officers believe now is the time to take risk onto their balance sheets amid a shift towards expansionary strategies, according to new research by Deloitte.

  • France Finance Minister, Pierre Moscovici

    France's finance minister, Pierre Moscovici, has called on his country's business community to be conscious of the need for reform, and has attacked what he described as "French-bashing."

  • ECB's Draghi Defends Interest Rate Guidance Monday, 8 Jul 2013 | 10:48 AM ET

    European Central Bank President Mario Draghi reiterated on Monday his commitment to low interest rates, saying higher rates were not currently warranted.

  • UK Backs Plans to Jail Reckless Bankers Monday, 8 Jul 2013 | 9:13 AM ET

    Senior bankers found guilty of "reckless misconduct" could face prison, according to plans backed by the U.K. Chancellor of the Exchequer.

  • Euro Zone to Decide on Greece's Cash Injection Sunday, 7 Jul 2013 | 7:42 PM ET

    The euro zone must decide on Monday how to keep Greece on a lifeline but is divided over whether to delay aid payments to Athens in an attempt to force through unpopular reforms.

  • How Much Is a Royal Baby Worth to the UK Economy? Sunday, 7 Jul 2013 | 7:00 AM ET
    Kate Middleton

    How much is a royal baby worth? Millions, yes, but according to these calculations, a lot more than you might think.

  • European stocks may have loved the forward guidance issued by both the European Central Bank and the Bank of England, but some economists have expressed concerns.

  • Portugal PM Says Deal in the Works, Wards Off Crisis Thursday, 4 Jul 2013 | 3:47 PM ET

    Portugal's prime minister has found a way to maintain government stability with the junior partner in the ruling coalition, but the full details still need to be hashed out.

  • How It Happened: Markets, ECB and BoE Decisions Thursday, 4 Jul 2013 | 8:19 AM ET

    European Central Bank took a historic step on Thursday by providing forward guidance on interest rates. Here's how it all happened.

  • Carney Shows Markets Who's Boss; Sterling Falls Thursday, 4 Jul 2013 | 3:34 AM ET
    The Bank of England

    The Bank of England kept its main interest rate unchanged on Thursday but warned that rising bond yields would weigh on its current outlook for growth, which led to a sharp weakening of the sterling against the dollar.

  • Draghi Walks on Ice as Portugal Fears Intensify Thursday, 4 Jul 2013 | 12:14 AM ET
    Mario Draghi

    A political crisis in Portugal that has sent the country's bond yields soaring to as high as 8 percent this week puts ECB President Mario Draghi back in the hot seat.

  • No Move Expected from European Central Bank Wednesday, 3 Jul 2013 | 11:17 AM ET

    The European Central Bank, eyeing tentative signs of euro zone economic recovery, is expected to eschew an major decisions on Thursday and keep its easy-money policy in place.

  • Latvia Set to Be Euro Zone’s Newest Member Wednesday, 3 Jul 2013 | 10:26 AM ET

    Latvia is set to join the euro, after the European Parliament voted in favor of its inclusion in the single currency zone.

Contact Europe: Economy


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