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    Political change in Italy and Greece may help soothe markets and allow investors to focus on whether the coming week's US economic data signal growth.

  • Money Match Up

    The fate of the euro comes down to Italy, as the country holds a crucial austerity vote this Saturday, with CNBC's Melissa Lee and the Money in Motion traders. The trade behind Italy's debt crisis.

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    Splitting the EU – creating a small core of euro zone countries and a looser outer circle – has been taboo. But as Europe debt crisis worsens, France and Germany are discussing the idea more intensively, the Christian Science Monitor reports.

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    Headlines are filled with Italian bond yields and the status of Italy’s economy. Weren’t we just obsessing about Greece and Papandreou? What happened to Greece? They didn’t get fixed, but the gnat-like attention span of markets has shifted once again. I wonder what it will be next week.

  • Bank in Greece

    As the bets that European banks made on United States mortgage investments went bust a few years ago, bankers piled into what they saw as a safe refuge: bonds issued by countries in Europe’s seemingly ironclad monetary union. The NYT reports.

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    Japan walks softly carrying its intervention stick, and Italy votes on austerity - it's time for your FX Fix.

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    Europe’s banking sector is ready for a shake-up as its largest financial institutions try to slim down their operations in response to the sovereign debt crisis. The NY Times repeorts.

  • Nouriel Roubini

    Italy may need to exit the euro zone and revert to its own national currency to resolve its debt crisis, thereby forcing the break-up of the euro zone, Nouriel Roubini wrote in an opinion piece in the Financial Times on Friday.

  • Statue and Italian Flag in front of Vittorio Emanuele monument.

    Political change in Italy will hold market attention Friday in what could be an otherwise quiet day, with the U.S. bond market closed for Veteran’s Day.

  • BlackRock Investment Management Institute’s Ewen Cameron Watt says he sees an opportunity in Italian short-dated debt.

  • Partial solar eclipse, Manila, Philippines

    Doomsday talk about Europe has been everywhere, but the euro keeps hanging in. Here's one strategist's reason why.

  • Lucas Papademos

    Lucas Papademos might have been hoping to gently ease into retirement after close to four decades as an economist and central banker.

  • European Central Bank

    Euro zone weakness is impacting the global economy: European Union lowers growth forecasts.

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    The swirl around Italy's debt woes is likely to dominate markets Thursday, after the rapid rise in Italian borrowing costs sent risk assets cascading around the globe Wednesday.

  • Piazza Venezia, Rome, Italy

    Fears that Italy, the world's third-largest debtor nation, cannot afford its obligations shook world markets, sending investors into the relative safety of the U.S. dollar and Treasurys.

  • Piazza Venezia, Rome, Italy

    Fears that Italy, the world's third largest debtor nation, cannot afford its obligations shook world markets, sending investors into the relative safety of the U.S. dollar and Treasurys.

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    Italy sends the euro tumbling, and Britain needs more exports, please - it's time for your FX Fix.

  • Piazza Venezia, Rome, Italy

    Financial markets will again be put to the test Wednesday by developments in Italy, which investors fear could drag down the world economy if it does not get its fiscal house in order soon.

  • With all eyes on Swiss central bankers and Italian lawmakers, it's Europe day again - time for your FX Fix.

  • Market's Pavlovian Response to Europe

    Are we still entrenched in the pattern of risk-on or risk-off? "It's too simplistic," says Kevin Ferry, Cronus Futures Management. "There's like a Pavlovian response that when the euro goes up you buy risk assets."