CNBC's Wilfred Frost reports the latest of European banks stress test results. The "Fast Money" traders weigh in. » Read More
Today, the Bank of England left rates and quantitative easing on hold as Governor King decides to wait before more additional easing measures are taken and says that the events in Europe are beyond his control.
ECB President Mario Draghi has almost completely closed-off the prospect of aggressive bond buying from the European Central Bank or the prospect of quantitative easing.
CNBC's Simon Hobbs reports on the ECB's Mario Draghi not signaling more bond purchases as well as his performance at this morning's press conference.
Draghi's ECB moves markets up, then down. S&P futures initially moved up, then down, as ECB head Mario Draghi said he was "surprised" by the reaction to his now-famous comment that "other elements might follow" if there was a new fiscal treaty. He said this was not necessarily a signal that he would be initiating more bond purchases.
The Bank of England holds steady, New Zealand stands pat, and everyone is watching the EU summit - it's time for your FX Fix.
The European Central Bank is widely expected to cut interest rates back to a record low of 1 percent from the current 1.25 percent on Thursday and provide longer-term loans to banks that are struggling to find funding.
Fiscal transfers from Germany to other countries in the euro zone will be essential to resolving the euro zone debt crisis in the long term, Erik Britton, director at Fathom Consulting told CNBC.
The European Union is to stop all bilateral aid payments to China, India, Brazil and other fast-growing economies as a result of a review into development spending. The Financial Times reports.
Analysts see little chance investors will gets what's on their wish list from the EU this week, but European leaders will probably muddle through by providing enough of a framework towards a solution to their sovereign crisis to at least temporarily appease markets.
Never one to shy away from drama, investor Peter Schiff thinks the ECB is about to take a step in a dangerous direction. And he’s grabbed his bullhorn to shout, “don’t do it!”
Will the Europeans announce their own version of quantitative easing? Peter Schiff, Euro Pacific Capital president, discusses what the EU needs to do to get it's financial house in order.
What may have seemed like timid or even bumbling leadership is looking more like a consistent strategy of brinkmanship aimed at remaking the euro zone in Germany’s likeness. The New York Times reports.
The reforms Chancellor Merkel is pushing—hard caps on national government deficits--will ensure either the ultimate demise of the euro, years of economic stagnation or worse.
Headlines on the debt crisis are coming fast and furious - and this strategist says it's time to stay away from the euro.
The European debt crisis has revealed that the euro zone is in a final phase and cannot be saved as a single entity, David Murrin, chief investment officer at Emergent Asset Management, told CNBC Tuesday.
The US economy has not, by any means, emerged fully from the recession of 2008. The real-estate sector is still suffering grievously from the effects of the crash, and unemployment remains uncomfortably high.
Australia is growing, China is slowing, and everyone is eager for the EU summit, already - time for your FX Fix.
A break-up of the single European currency would have severe consequences on the UK economy, with unemployment pushing above 4 million, the pound appreciating sharply and major banks failing, analysts at ING wrote in a market note.
Frans van Houten, CEO, Royal Philips Electronics, "half-hearted measures are not going to cut it and we have now seen this for several months in a row and it is having a real effect on the economy."
Will the master plan agreed to by the leaders of France and Germany on Monday work?