CNBC Franchise Archive Europe: Economy


  • LISBON, Portugal— Portuguese prime minister says he has taken note of European Union concerns about his debt-heavy country's spending plans but is determined to make his anti-austerity program work. Prime Minister Antonio Costa says his center-left government's budget for this year lays the foundations for new growth, job creation, better welfare...

  • Reaction: European banks rebound from sell-off Friday, 12 Feb 2016 | 5:58 AM ET

    Our live blog tracked a rebound in European banking stocks, aided by Commerzbank's return to profit.

  • UK PM is a good negotiator: Fmr Italy PM Friday, 12 Feb 2016 | 5:21 AM ET
    UK PM is a good negotiator: Fmr Italy PM

    Italy’s former Prime Minister, Enrico Letta discusses the refugee crisis and the European Union’s relationship with the U.K.

  • That's certainly true for Germany, Europe's largest economy, where energy cost savings appeared to have buoyed consumers and the influx of refugees prompted the government to increase spending. The risks are heightened by the fact that many governments cannot spend much due to high debt and many banks— not just in financially troubled Italy and Greece— are...

  • Portugal fin min: Must maintain positive market perception

    Mario Centeno, Portugal's finance minister, says his country needs to communicate its commitment to fiscal consolidation.

  • FRANKFURT, Germany— The German economy grew 0.3 percent in the fourth quarter from the quarter before thanks to higher consumer and government spending. Those domestic factors offset a downward effect from Germany's typical strength, foreign trade. The largest of the 19 economies that use the euro currency weathered headwinds from an economic slowdown in...

  • UK's Osborne on market uncertainty Friday, 12 Feb 2016 | 3:37 AM ET
    UK fin min on market uncertainty

    George Osborne, U.K. finance minister, says he will be discussing the recent market volatility an duncertainty with other finance ministers.

  • ATHENS, Greece— More than a dozen tractors rolled through Athens on Friday, honking horns and flashing lights outside parliament as thousands of Greek farmers thronged the capital's main Syntagma Square to protest tax hikes and pension reforms. Tents were set up in the adjacent central Syntagma Square in preparation for an all-night sit-in.

  • Bank solidity is high: EC's Moscovici Friday, 12 Feb 2016 | 2:31 AM ET
    Bank solidity is high: European Commissioner

    Pierre Moscovici, European Commissioner for economic and financial affairs, says the market fundamentals of Europe's banks are solid.

  • Negative interest rates are bad: CIO Friday, 12 Feb 2016 | 2:14 AM ET
    Negative interest rates are bad: CIO

    Giles Keating, deputy global CIO at Credit Suisse, says the current banking crisis is more similar to 1987 than to 2008 and talks about interest rates.

  • European stocks open higher as oil jumps 4% Friday, 12 Feb 2016 | 1:49 AM ET

    European markets opened higher on Friday after getting hammered the day before as crude oil prices saw a rebound.

  • Should you worry about Europe's banks? Friday, 12 Feb 2016 | 1:41 AM ET
    Should you worry about Europe's banks?

    Jeroen Dijsselbloem, president of the Eurogroup, discusses concerns over Europe's banking sector.

  • *Yen at 15- month high despite Japan's verbal intervention. TOKYO, Feb 12- Asian shares slid on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets. Shares in Australia and South Korea fell about 0.5 percent...

  • Stocks may be close to a bottom: Jim Paulsen Thursday, 11 Feb 2016 | 3:22 PM ET
    Jim Paulsen, Wells Capital Management's chief investment strategist.

    Stocks may be close to a bottom and this catalyst will cease recession fears, according to Wells Capital Management's Jim Paulsen.

  • BRUSSELS— Greece and its international creditors are still weeks away from any possible agreement about the targets that Athens must meet to secure billions to rebuild its shattered economy. He said technical-level talks must continue at a good pace so senior officials can return to Athens "and reach agreement in a few weeks. In return for a bailout worth...

  • *Deep skepticism that U.S. rate hikes will happen in 2016. WASHINGTON, Feb 11- Federal Reserve Chair Janet Yellen returned to Congress with a brave face on Thursday amid a worsening meltdown in global markets and growing skepticism the U.S. central bank can carry out its long-planned pivot to "normal" monetary policy. As she did at a House of Representatives panel on...

  • L'Oreal 2015 sales up across markets, net profit down Thursday, 11 Feb 2016 | 12:53 PM ET

    PARIS— Leading global cosmetics company L'Oreal saw its sales grow 12 percent last year, with increases across old and new markets despite difficulties in Brazil and global economic uncertainty. The Paris- based company reported Thursday that its net profit fell to 3.3 billion euros in 2015 from 4.9 billion euros the year before. L'Oreal said growth...

  • Portugal's fellow euro states keep wary eye on its budget Thursday, 11 Feb 2016 | 11:39 AM ET

    BRUSSELS— Portugal's fellow states in the 19- nation eurozone are keeping a wary eye on its new government's plans to roll back budget austerity measures, with the bloc's top executive and Germany both warning the country not to miss deficit targets. Although Portugal has received conditional approval for its budget from the European Commission, German...

  • WASHINGTON— Federal Reserve Chair Janet Yellen cautioned Thursday that global economic pressures pose risks to the U.S. economy but said it's too soon to know whether those risks are severe enough to alter the Fed's interest-rate policies. But she said the Fed thought it should study the issue again now that other central banks, including in Europe and Japan,...

  • LONDON, Feb 11- Sterling fell to a 15- month low against a basket of currencies on Thursday, as investors fretted about slowing global growth prospects and their impact on the UK economy, with some pricing in risks of an interest rate cut in Britain. Interest rate markets are not pricing in a Bank of England rate hike until 2020. Sterling was down 0.5 percent against...

Contact Europe: Economy


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