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Central Banks European Central Bank

  • Bernanke Testifies to Congress on U.S. Monetary Policy

    It's not often you hear the head of the world's largest bond fund compliment the Fed for doing a good job — particularly when interest rates are near zero. But Pimco's Bill Gross had high marks for Fed Chief Ben Bernanke.

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    After hitting the highest level since the euro's creation, unemployment in the 17-member single currency area will show no signs of abating, adding to worries that a prolonged recession may be in the cards, analysts said.

  • MF Global

    MF Global’s chief risk officer urged senior executives and the company’s board to pare back its $6.3 billion proprietary bet on the debt of troubled European nations roughly three months before the futures broker declared bankruptcy, according to his prepared congressional testimony, the Financial Times reports.

  • Buckingham Palace

    The euro has been moving higher even without a deal sealed for Greek debt, but this strategist says it's time to check out.

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    The euro has had a nice run in the last two weeks, but this strategist thinks the party is just about over.

  • Bill Gross

    The European Central Bank won't solve the euro zone's debt crisis as long as the European Union behaves like a "dysfunctional" family, Bill Gross, Pimco founder and co-chief investment officer, told CNBC on Tuesday.

  • Global Markets Update: The Bull Run in Gold Continues

    U.S. markets lose early gains after a surprise drop in consumer confidence. Homebuilders are down today after home prices fall again. RadioShack shares plunge after the company severely lowers its Q4 forecast. And the bull run in gold appears to remain intact.

  • Hopes for a Greek deal persist, and British consumers are feeling better - it's time for your FX Fix.

  • Reichstag Parliment building, Berlin, Germany

    Germany's unemployment rate fell to a record low in January, data showed, though subdued retail sales figures suggested concern about the euro zone crisis rather than a healthy jobs market had driven consumer spending in the run-up to Christmas.

  • Greece

    There are two primary questions: will a default by Greece actually occur? And, if a default occurs, what will happen?

  • Global Markets Update: Europe Extends Losses as Wall Street Slumps

    Markets in Europe extend losses as Wall Street slumps. Bank stocks among the biggest losers. Yields fall in the latest 5- and 10-year auction of Italian debt. Negotiations between Greece and private-sector creditors continue. Underwriters hike cost of insuring Portugal bonds and want upfront payment. And Germany's Merkel to actively support re-election efforts of Frances's Sarkozy.

  • E.U. Flags

    Bowing to mounting evidence that austerity alone cannot solve the debt crisis, European leaders are expected to conclude this week that what the euro zone countries need is a dose of economic growth. The New York Times reports.

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    With the European financial crisis still threatening a trail of defaults, United States banks are betting that their insurance is going to pay out, the New York Times reports.

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    Greece once again appears on the verge of reaching a deal with its private-sector creditors on how much of a loss they would be willing to accept on their bond holdings, The New York Times reports.

  • The health of the global economy, and that of markets, depends on the success of a series of medium-term handoffs between the public and private sectors – in growth, balance sheets and credit flows.

  • Money Match Up

    Is the risk rally for real? Stocks, risk currencies rally on hopes of a global recovery. Currency traders signal the all-clear on the global economy, with CNBC's Melissa Lee and the Money in Motion traders. And will the jobs report ruin the rally. The currency trade behind next week's jobs report. With Joe LaVorgna, Deutsche Bank.

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    Everyone is thinking of the European Central Bank’s Greek bond holdings the wrong way.

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    During Europe's financial crisis the European Central Bank has been "an anchor of stability and confidence," former president Jean-Claude Trichet said.

  • A Euro sign sculpture stands in front of the European Central Bank's (ECB) headquarters.

    The European Central Bank has reportedly come under pressure to “participate” in the haircuts being negotiated for Greek bonds.

  • Jean-Claude Trichet: Future of Euro Zone

    Former president of the European Central Bank discusses the future of the euro zone, bondholders clashing on Greek interest rates and whether or not Europe will have a more centralized power.