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Markets are over their fears that the worst will happen in the world economy as investors hope that Europe will finally find some solution to the debt crisis, Wilbur Ross, WL Ross chairman and CEO, told CNBC Friday.
The Nordic country of 5 million people may decide to leave the single European currency and return to its markka if it is forced to cough up funds to support weaker euro zone members, Matthew Lynn, an analyst with Strategy Economics, wrote in a research note on Thursday.
The domino effect of a Greek default is almost inevitable because of the integrated banking system within Europe, a consultant told CNBC Thursday.
The public sector has borne the brunt of the Greek bailout to date, and the private sector must start making a greater contribution, Angel Gurria, Secretary-General of the Organization for Economic Co-Operation and Development (OECD), told CNBC Thursday. The IMF, or International Monetary Fund, is an intergovernmental agency that works to keep exchange rates and the international system of payments stable.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.
Leading European banks say they would rather sell assets than raise expensive new capital to meet compulsory demands from the European Union for higher capital ratios, threatening a further contraction of credit to the enfeebled eurozone economy.
Slovakia's in the spotlight, the Senate goes after China, and the FOMC minutes are coming - time for your FX Fix.
Slovakia will most probably cave in to international pressure and vote for the expansion of the euro zone's bailout fund, but the previous rejection should serve as a lesson, analysts told CNBC.com Wednesday.
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Moody’s downgrade of 12 British banks last week is irrelevant to the current state of the UK banking sector, analysts told CNBC.com, adding that hell has a better chance of freezing than any British bank failing.
Should we feel confident that the crisis will soon be over? No. At least, nobody now sees the euro zone crisis as a little local difficulty. It has become the epicenter of an aftershock of the global financial crisis that could prove even more destructive than the initial earthquake, writes Martin Wolf in the FT.
European authorities plan to set a higher than expected capital threshold for the region’s banks and give them six to nine months to achieve that level or face government recapitalisations under the auspices of the eurozone’s 440 billion euro rescue fund, senior regulators said. The FT reports.
Discussing what it means if Slovakia is the main focus of investors money, with Keith McCullough, Hedgeye Risk Management CEO and Andrew Julian, OpVest Wealth Management.
Suffocating global debt problems and overreaching intervention programs will be good for the US dollar but bad for asset prices otherwise, investment guru Marc Faber said.
Marc Faber of the Gloom, Doom & Boom Report, shares his outlook on the global economy. "Despite of the fact the ECB and European governments will flood the markets with liquidity to bail themselves out, global liquidity is tightening," he says. "It's bad for asset prices but it's good for the US dollar."
British data confuses, Trichet talks tough, and Dr. Doom is gloomy again - it's time for your FX Fix.
Roger Altman, former Deputy Treasury Secretary and Evercore Partners chairman & founder discuss why Europe's problems are worse than America's. "The liabilities of the eurozone's banks account for some 300 percent of their GDP," he adds.
The world's advanced economies are headed for a second recession, regardless of whether there is further chaos in Europe, Nouriel Roubini told CNBC on Tuesday. He also said the ECB needed to cut rates and the bailout fund needed to be expanded to 2 trillion euros.
The crisis plaguing the euro zone has reached a "systemic dimension", outgoing European Central Bank President Jean Claude Trichet said on Tuesday, warning that the risk of economic shocks spreading further across the financial sector has increased.
Since August the market has been very volatile. Huge market swings for stocks added to a sense of crisis as investors fretted over Greek default, the global banking system and a slowdown in the US economy.
CNBC's Ross Westgate reports that the Dexia Board has agreed to the rescue plan after its marathon meeting.