The European Central Bank will stop issuing 500-euro banknotes towards the end of 2018. » Read More
CNBC's Silvia Wadhwa has the details on new ECB chief Mario Draghi surprising the markets by cutting rates, and CNBC's Rick Santelli shares what the issues are surrounding the rate cut.
Discussing Greek prime minister George Papandreou's talks with the opposition, with Petros Doukas, former deputy finance minister of Greece/Capital Partners chairman.
Greek Prime Minister George Papandreou insisted he was not resigning at today's emergency cabinet meeting, according to state television.
CNBC's Steve Liesman & Silvia Wadhwa discuss the ECB's decision to cut its main interest rate by 25 basis points to 1.25 percent; with CNBC's Carl Quintanilla.
Greek Prime Minister George Papandreou's grip on power looked shakier Thursday after the storm surrounding his wish for a referendum on Greece's bailout deal grew, but he apparently has no plans to leave power.
The Greek crisis gets more dramatic and central bankers confer - it's time for your FX Fix.
Europe made a serious mistake in trying to carve itself out as a services industry region to the detriment of manufacturing, a CEO told CNBC Thursday.
Tensions between Greek Prime Minister George Papandreou and Finance Minister Evangelos Venizelos are increasing the risk of a Greek government collapse, after Europe and the International Monetary Fund (IMF) warned the debt-laden country Wednesday that it will cut off its aid flow until a planned referendum is resolved.
The European council of heads of states have met 7 times this year and still have another meeting in the diary. Europe’s finance ministers have met 11 times and plan two more before the year is out.
More curve balls from Europe are likely to be hurled at Thursday's markets, as traders also look to U.S. economic data for signs of continued improvement.
To cut or not to cut? The new president of the European Central Bank will make a decision sure to move the euro on Thursday.
With Greece’s government on the brink of collapse, even the successful adoption of Prime Minister George Papandreou’s referendum on a debt deal leaves room for volatility and uncertainty in Europe for weeks, historian and author Niall Ferguson told CNBC Wednesday.
The question remains is the glass half full—the economy showing new signs of life as indicated by preliminary data for third quarter GDP growth at 2.5 percent—or is it half empty—the economy creating too few jobs and growing too slow to be self sustaining?
The European Central Bank: The big bazooka. There are plenty of important events this week, from Federal Reserve Chairman Ben Bernanke's presser to the Group of 20 nations (G20) to nonfarm payrolls. But the story most closely watched is ECB President Mario Draghi's first press conference tomorrow. Why? Not just because many believe he may cut interest rates a month early, it's that many are betting he will reiterate that he is going to continue to buy sovereign bonds.
When Jon S. Corzine joined MF Global last year it seemed like a strange choice — the firm had none of the glamour, let alone the profits or footprint of Goldman Sachs, the bank he ran during the 1990s.
Greek Prime Minister George Papandreou is gambling his political life and legacy on a no confidence vote on Friday, which could be crucial to the future of Greece. To help solve Europe's sovereign debt crisis, a special organization was set up in 2010 called the European Financial Stability Facility, or EFSF. So what is it and how does it work? CNBC explains.
European leaders gathering for an emergency meeting Wednesday in Cannes could get more attention than Fed Chairman Ben Bernanke, unless he has a surprise policy move up his sleeve.
Simply incredible. After Greece entered the European Union under likely false pretenses about their financial condition, and after the European Union has obsessed for months trying to find an orderly solution to the massive debt issues of Greece, Greek leadership now decides to suddenly be uber-democratic and ask for a referendum.
The City of London Corporation joined St Paul’s Cathedral on Tuesday in suspending legal action against a group of protestors camped by the side of the cathedral.
The current European conundrum is not just a financial crisis. It’s a crisis of governance and leadership.