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CNBC Franchise Archive Europe: Economy


  • Tony Blair Warns of 'Fragile' Europe, Harsh Austerity Wednesday, 1 May 2013 | 7:45 AM ET
    Tony Blair, Middle East Envoy

    As labor movement protests take place across Europe to mark the May Day public holiday, U.K. former prime minister Tony Blair warned that the situation in Europe is "very fragile."

  • ECB’s 'Super Mario' Could Struggle Without Luigi Wednesday, 1 May 2013 | 6:58 AM ET
    the headquarters of the European Central Bank (ECB) in Frankfurt, Germany

    The European Central Bank (ECB) and its board members are gathering in the Slovakian capital of Bratislava for what could be one of the most interesting ECB meetings in some time.

  • Why European Rate Cut Could Be Too Little, Too Late Wednesday, 1 May 2013 | 4:14 AM ET

    Analysts question whether an ECB rate cut on Thursday will offer any relief to small businesses and households in the euro zone.

  • Why Slovenia's Downgrade Is a Bad Omen Wednesday, 1 May 2013 | 3:35 AM ET
    View over Lublijana, Slovenia.

    Moody's rating agency's double notch downgrade of Slovenia to junk status puts the country firmly in the spotlight again amid rising concerns that the heavily-indebted country may seek a bailout.

  • Facing a Fiscal 'Nightmare,' Cyprus Approves Bailout Tuesday, 30 Apr 2013 | 12:02 PM ET

    Cyprus's parliament voted to back an EU bailout on Tuesday, tying lawmakers to impose substantial losses on bank depositors, and wind down one of the its biggest banks.

  • German Austerity Isn't Deterring Smokers: CEO Tuesday, 30 Apr 2013 | 6:30 AM ET

    Alison Cooper, CEO of Imperial Tobacco, said cigarette and tobacco sales in Germany were "excellent," despite EU weakness.

  • Soros Battles Top German Economist in Euro Spat Tuesday, 30 Apr 2013 | 5:28 AM ET
    George Soros

    Billionaire investor George Soros has struck back for distorting his arguments on Germany's role in the euro zone.

  • ECB Rate Cut Just Became Even More Likely Tuesday, 30 Apr 2013 | 5:12 AM ET
    ECB headquarters in Frankfurt am Main, Germany.

    The odds of a rate cut by the European Central Bank increased significantly on Tuesday after euro zone inflation eased to a two-year low and unemployment hit a new record high.

  • Why Cypriots Are Blaming the ECB for Their Crisis Tuesday, 30 Apr 2013 | 3:56 AM ET

    Increasingly, people on the financially stricken island of Cyprus are focusing their anger on the European Central Bank, the NYT reports.

  • Spain's Economic Siesta Continues Tuesday, 30 Apr 2013 | 3:43 AM ET
    Prime Minister of Spain, Mariano Rajoy.

    Spain's GDP figures were in line with estimates from the Bank of Spain, but the country has now reported seven consecutive quarters of contraction and the government is easing up on austerity measures.

  • Spaniards Fleeing Hard Times Pack for Latin America Tuesday, 30 Apr 2013 | 1:18 AM ET

    With Spain in the doldrums, many Spaniards are coming to the Americas, where economic indicators point admirably upward, the GlobalPost reports.

  • Europe Shares Close Higher on Italy Hopes Monday, 29 Apr 2013 | 12:01 PM ET

    European shares closed higher on Monday after Italy's new Prime Minister announced his reform plans in his maiden speech to parliament.

  • Italy Will Die From Austerity Alone: Prime Minister Monday, 29 Apr 2013 | 11:19 AM ET

    Italy must focus on reviving its economy and it will lobby its European partners to obtain more growth-oriented policies at the EU level, new Prime Minister Enrico Letta said in his maiden speech to parliament on Monday.

  • Still Good Reasons to Join the Euro: ECB's Asmussen Monday, 29 Apr 2013 | 10:39 AM ET
    The European Central Bank in Frankfurt, Germany

    There are still good reasons for countries to join the euro zone, despite its difficulties at the moment, European Central Bank Executive Board member Joerg Asmussen said on Monday. Emerging economies in eastern Europe are among potential candidates to join the single currency.

  • Economic Mood in Euro Zone Sours Again in April Monday, 29 Apr 2013 | 6:06 AM ET

    Confidence in the euro zone's economy fell for a second straight month in April and by more than expected, data showed on Monday, strengthening the case for a cut in interest rates this week. Likely of most concern, the pessimism has set in even in Germany, Europe's biggest economy.

  • Greece Passes Law to Unlock More Rescue Loans Monday, 29 Apr 2013 | 3:17 AM ET

    Greek lawmakers on Sunday approved a reform law to unlock about 8.8 billion euros of rescue loans from the EU and the IMF. The legislation makes it easier to fire government employees for disciplinary reasons and extends an unpopular property tax.

  • Europe Closes Down After US GDP Miss Friday, 26 Apr 2013 | 11:56 AM ET

    European shares closed lower after U.S. growth figures missed expectations pointing to a potential slowdown in the world's biggest economy.

  • Spain 'Throws in the Towel' on Austerity Friday, 26 Apr 2013 | 9:02 AM ET

    Spain will take until 2017 to meet the European Commission's budget deficit target of 3 percent of gross domestic product, the country revealed on Friday.

  • Kenneth Rogoff, Harvard University

    Economists Carmen Reinhart and Kenneth Rogoff revealed they have received "hate-filled" and "threatening" emails since their influential research on austerity was exposed as containing a error last week.

  • No Such Thing as Austerity in the UK: WPP CEO Friday, 26 Apr 2013 | 4:50 AM ET
    Canary Wharf at night.

    The U.K. government has received a damning indictment from the CEO of the world's biggest advertising group, who said that austerity in the U.K. is a falsehood.

Contact Europe: Economy


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