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Europe is likely to continue to send shockwaves through stock, currency and bond markets over the next few weeks, but its leaders are slowly heading toward agreement on sorting out the euro zone debt crisis.
The likelihood of Greece raising more funds through its privatization efforts this year is “very low,” the CEO of the Greek privatization program said on Tuesday.
European markets are expected to open slightly higher Tuesday as investors hope for further action on the euro zone debt crisis.
European markets are expected to open sharply lower on Monday following heavy losses for stocks in Asia overnight and on Wall Street following Friday’s far worse-than-expected jobs data.
Joschka Fischer, former vice-chancellor of Germany blasted Chancellor Angela Merkel for not being prepared to solve the euro zone crisis, should the June 17th Greek elections produce a non-bailout vote.
Spain is now competing with Greece to be the euro zone country with most sway over the markets. How can you play this situation – other than taking all your cash out of the bank and hiding it under the mattress?
German bond prices could fall as much as 35 percent when the crisis in the euro zone comes to a head and their safe haven status becomes less attractive, Carl Weinberg, Chief Economist at High Frequency Economics said on Friday.
Simon Derrick, head of the Bank of New York Mellon's currency strategy team, has put together some "scary numbers" about the euro zone crisis.
European shares were called to open mixed on Friday as European leaders squabbled over how to resolve the euro zone debt crisis and a slowdown in job creation in the region’s largest trading partner, the U.S., began to show signs of the crisis’ effects on the global economy.
European shares were called to open lower on Thursday as fears that Spain may not be able to rescue its own banks without the aid of an international bailout sparked fears of further crisis within the euro zone and brought the euro to a 2-year low versus the dollar.
Zoe Konstantopoulou, a member of parliament for the left-wing, anti-bailout Greek party Syriza told CNBC that Greece’s bailout deal was a “death sentence for Greek society.”
European shares are called to open lower Wednesday as Spanish banking worries drag on investor sentiment.
European shares seen opening slightly higher Tuesday as markets closely watch Spain amid soaring bond yields and concerns over the Spanish banking system.
In the high-stakes game absorbing the euro zone, the stronger economies have got to show their hands to help restore stability, a former central bank official told CNBC Monday.
Greece will try to attract investment by becoming more “business-friendly” and cutting taxes, a politician from right-wing New Democracy, which is leading opinion polls at the moment, told CNBC Monday.
International Monetary Fund chief Christine Lagarde says she has more sympathy for poor African children than Greeks suffering under the country's economic problems and austerity measures.
European shares were called to open the first day of the trading week higher following opinion polls showing the Greek pro-bailout parties leading at the weekend.
To euro zone countries in need, euro bonds would be a noble expression of European solidarity and a crucial instrument for preserving the common currency. The NYT reports.
The European Union on Friday launched a challenge against Argentina's import restrictions at the World Trade Organization, calling the Latin American country's trading and investment system "protectionist and nationalistic."
European shares were called to open lower on Friday, ending another dismal week for equities, as investors learned that at least half of the euro zone’s member states are making contingency plans for a Greek exit from the single currency.