With European banks under pressure, recession isn't out of the question — but the current panic is overdone, one expert told CNBC.» Read More
"No one ever made a dime panicking, but many people made gigantic amounts of money taking advantage of those who did."
CNBC's Steve Liesman has the update on the EU's plan to to lever up EFSF money to shore up bank capital.
CNBC's Steve Liesman has the story on the European Union's plan on levering the European Financial Stability Facility to shore up bank capital, much like a TARP, and use some of this money as seed money for the European Investment Bank.
The euro has been taking it on the chin lately - and there is more to come, says this strategist.
The UK’s opposition finance spokesman Ed Balls called on the government to provide a credible policy to encourage economic growth telling delegates at the Labour party’s annual conference the coalition government’s austerity plan “just wasn’t working”.
The euro zone will be in a recession before the end of the year, an economist from the Royal Bank of Scotland told CNBC Monday.
There is a lot of pressure in Germany, says Julian Callow, Barclays Capital chief European economist, who weighs in on the large amount of capital that Germany is providing to aid other countries. The ECB is not acting as aggressively as the Federal Reserve did during the end of 2008, during the U.S. financial crisis, he adds.
Attempting to decipher what will happen next in the euro zone crisis following the annual meeting of the International Monetary Fund in Washington is no easy task.
After a weekend of talks at the International Monetary Fund’s annual meeting in Washington over how best to deal with the euro zone debt crisis, we appear no closer to a resolution.
The Obama administration, increasingly alarmed by the spillover effects of Europe’s financial crisis, has begun an intensive lobbying campaign to persuade Chancellor Angela Merkel of Germany to ramp up efforts to stem any contagion from the debt crisis in Greece, the NYT reports.
European policymakers are quickening their preparations to cope with an escalation of the region's debt crisis as talk of a possible Greek default gained pace.
Traders expect more stomach-churning volatility in the week ahead as investors fret about Europe and adjust their portfolios for quarter's end.
Germany is set to vote September 29 on new European stability fund powers, and that's just one of several big risk events looming in the euro zone. Here's how to trade on them.
The euro gets hammered as Greek default approaches. The currency trade behind the euro bailout, with CNBC's Melissa Lee and the Money in Motion traders. And the dollar's gain is gold's pain.
The Australian dollar has been having a rough ride, and this strategist says there's more to come.
The G20 promises help, but riskier currencies still take a hit - it's time for your FX Fix.
"It's not just about Greece," says Jeffrey Palma, UBS head of global equity strategy, who adds that the markets will be impacted until all the debt problems in Europe have been solved; with Ben Lichtenstein, TradersAudio.com, who says the markets can find themselves back to 1200 in a mater of days.
A situation where Greece cannot pay back its public debt can no longer be excluded, European Central Bank Governing Council member Klaas Knot was quoted as saying on Friday.
Stocks successfully tested their summer lows Thursday, but they are likely to take another run at them, as investors remain fearful of recession and European banking crisis.
Now that the Federal Reserve has launched Operation Twist, it's the European Central Bank's turn - and they may go further.