The dollar index also hit its highest level since March. » Read More
As the European debt crisis threatens to engulf even France along with Italy and Spain, Bernard Connolly's longstanding proposition that a common currency for the region would end in ruin is getting a wider hearing.
CNBC's Steve Liesman reports on markets waiting to hear if the IMF will get a loan from the ECB, and the Fast Money traders take a look at whether gold is losing its safe-haven appeal.
The three-pronged deal reached by European leaders in October aimed at preventing the euro zone debt crisis from spreading further did no more than “trick” markets into thinking a lasting solution had been found and has in fact made matters worse, Nomura’s Bob Janjuah said on Friday.
Brazil gets a ratings lift, but the European Central Bank is less helpful on the debt crisis - it's time for your FX Fix.
Occupy London Stock Exchange demonstrators announced on Friday they had “repossessed” a building belonging to Swiss investment bank UBS in Hackney East London.
The austerity measures being rolled out in countries across Europe will have a devastating effect on the living standards of its population, an economist told CNBC Friday.
Analysts identified five main problems – among them, over-regulation and low productivity – the country needs to tackle to make its economy more competitive.
Volker Wieland, professor of Monetary Policy and Theory and chair for Monetary Theory and Policy, at Goethe University, joined CNBC to discuss the role of the ECB in the euro zone crisis.
Groucho Marx once said that money frees you from doing things you dislike. “Since I dislike doing nearly everything, money is handy,” said the Marx Brother.
"The solution for this crisis of the euro will be more economic governance at the European levels," Pedro Sanchez, the vice-president of the Spanish socialist party PSOE told CNBC ahead of difficult general elections. "Europe will never be the problem for the world or the member states, it will be the solution," he added.
Stock traders Friday will be watching headlines from Europe, and increasingly they will be turning to Washington for any signs of movement by the Congressional "super committee." It is also a day for options expirations, another source of volatility.
Like a good horror movie, accepting the possibility for the Euro disaster to be averted at this point requires a healthy suspension of disbelief. In fact, so much disbelief must be suspended that it would make the Exorcist seem like a documentary.
Fitch warned that Europe's debt crisis could threaten the credit outlook for U.S. banks, with the Fast Money traders.
As investors’ fears mount that many euro area nations are about to tip into recession, even countries like creditworthy France are finding it much more expensive to borrow money in the open market, the New York Times reports.
Discussing whether the ECB could implement its own form of quantitative easing to save the euro, with CNBC's Steve Liesman.
Instead of being hurt by the European debt crisis, US banks could actually end up benefitting from the turmoil across the Atlantic, analyst Dick Bove said.
France's Sarkozy wants the European Central Bank to get a banking license, the back door way to turn on the spending spigot; Germany's Merkel is opposed.
Contagion fears rise in Europe and the British go shopping - it's time for your FX Fix.
Stock markets have taken such a beating over the past few months that they are now more resilient to any upheavals, apart from a complete breakdown of the euro zone, an analyst told CNBC Thursday.
The European Central Bank has been urged to increase access to its funding to Italian banks by the head of UniCredit as the euro zone crisis puts further strains on money markets, the FT reports.