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As uncertainty continues to grip the European markets, identifying surefire investment opportunities has become increasingly difficult, if not impossible. However, one analyst argues that high-end European real estate may be a viable option for today’s investors.
Greece's debt buy back will be voluntary and must succeed, the country's Finance Minister Yannis Stournaras said.
Bankia’s subordinated debt and hybrid securities holders will face large losses on their investments as part of a restructuring demanded by Brussels in return for eurozone aid. The FT reports.
Greece has hired Deutsche Bank and Morgan Stanley to conduct a voluntary buy back of its debt, a senior finance ministry official told Reuters.
Even as markets have been focused on a potential bailout for Spain, analysts say Italy, which is heading for a protracted recession, may also need aid in 2013.
Most Cubans have not paid taxes for half a century, but that will change under a new code starting January 1.
For a few hedge funds, Greek debt is turning into one of the trades of the year.
In Germany, 61 percent of all apprentices receive full-time employment at the company where they train. And the rate is growing, according to the latest statistics from the Association of German Chambers of Commerce and Industry, DIHK.
Even as some housing markets in Europe have cratered, Germany’s housing market has gone from strength to strength, particularly in its cities, as a result of low interest rates and high demand. Though the phenomenon has prompted fears that Germany was heading for a housing bubble, property experts told CNBC that the strongman of Europe was safe, for now.
Central bankers are joining premier-league footballers as global-economy elites.
Hours after euro zone finance ministers and the International Monetary Fund (IMF) arrived at a much-awaited deal to help Greece reduce its debt, sending risk assets higher, market experts began expressing doubt over whether this deal will be successful in resolving the nation’s long-term debt troubles.
Lakshmi Mittal is meeting with France's president over accusations of “lying” and “blackmail."
Two-thirds of chief executives and chief financial officers from around the world view the euro zone crisis as an opportunity to gain competitive advantage over rivals, according to a survey by global consultancy firm Accenture.
Euro zone finance ministers and the International Monetary Fund clinched agreement on reducing Greece's debt on Monday in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat.
Though the crisis in Europe has been pushed aside in recent months, the new year is likely to bring new concerns that more countries are in line for debt defaults.
The euro zone may be in recession but the region’s efforts to repair budgets, cut labor costs and improve competitiveness is signaling a more dynamic future for its economy, according to a report commissioned by a European think tank The Lisbon Council and Germany-based Berenberg Bank.
As international creditors to Athens prepare to meet on Monday, one German newspaper says policymakers are considering a haircut on Greek debt to make it more sustainable.
Some of Barclays’ biggest investors have urged Antony Jenkins, the bank’s new chief executive, to take an axe to its investment bank. The FT reports.
International lenders take a third stab on Monday at reaching an agreement on lowering Greece’s debt to sustainable levels. A positive outcome would pave the way for the release of key aid to Athens and should cement the risk appetite that has resurfaced in markets, well, at least for the short-term, analysts said.
EU finance ministers must urgently dispel doubts over their “political will” to create a single bank supervisor so talks do not drag on and upset “fragile markets”, the official spearheading the reforms has warned. The FT reports.