Italy's making some economic headway and citizens have a choice of two countrymen to thank.» Read More
The debt crisis facing the developed world is big and will take a generation to resolve, Angel Gurria, Secretary General of the OECD, told CNBC Thursday.
Europe’s recovery is on track, but reform of the financial services sector and strong policy action to improve the fiscal health of EU member states is needed in order to prevent future crises, the International Monetary Fund has said.
Greek trade unionists dutifully turned out for a one-day general strike on Wednesday but the chanting of anti-austerity slogans outside parliament lacked the defiance of a year ago.
Looking at an under the radar way to play the action in Greece, with Andrew Busch, BMO Capital Markets/Money in Motion currency trader.
Sovereign debt is weighing on the euro, but the loonie is lifting off again. Time for your FX Fix.
The Bank of England raised its medium-term inflation forecast to just under 2 percent in its May inflation report, potentially paving the way for a November rate rise.
The boss of French banking giant BNP Paribas has told CNBC that he sees no risk of contagion from the problems facing Greece, Portugal and Ireland.
In Ireland the Irish Times columnist Morgan Kelly has caused a stir by suggesting that his country needs to break free of the terms of its bailout from the European Union and the International Monetary Fund if it is to thrive as a nation.
Given such a debt burden, what are the chances that a country with Greece's history would be able to finance its debt in the market on terms consistent with a decline in the debt burden?
Britain's economy is unlikely to grow as fast as before the financial crisis because its most productive sectors have been hardest hit, jeopardising government plans to cut the deficit, reports the FT.
Rumor in the market today is that another 60 billion Euros will be flowing to Greece from the EU or the IMF, or maybe both. It really should come from the IMF in my mind since they are the yahoo's that predicted long term interest costs for Greece would be 5.6% in 2012. While there is always a chance for a miracle, long term Greek bonds are at an almost 16% yield. So if Greece is to get money, it'll have to come from the EU or the IMF.
Germany and the rest of Europe will loan Athens more money to keep Greece servicing its debt and prevent writedowns by European governments and banks on loans they've already made to Greece.
The euro has dropped more than 5% against the dollar in a matter of days. But this strategist says it won't last.
Rumor time for the euro, good times for commodity currencies. Time for your daily FX Fix.
CNBC's Simon Hobbs has the story on what the Greeks owe that makes the rest of Europe so scared.
The plan to deal with the euro zone debt crisis and avoid restructuring before 2013 is failing, Willem H. Buiter, Chief Economist at Citi Investment Research and Analysis said on Tuesday.
Europe should help countries that are in trouble but these countries need to show that they are tackling their deficit problems themselves, like Britain has done, UK Chancellor of the Exchequer George Osborne told CNBC in an interview Tuesday.
Greece on Tuesday denied a Dow Jones report that it expects a new aid package of nearly 60 billion euros ($85.71 billion) to deal with its debt crisis.
As far as Europe’s real economy is concerned, the problems on the periphery are just that, peripheral, according to Credit Suisse’s Robert Barrie.
Restructuring Greece’s debt is both desirable and inevitable, despite insistence from European Union officials over the weekend that the idea is off the table, reports the New York Times.