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Central Banks European Central Bank

  • European Central Bank

    The European Central Bank three-year loan program at 1 percent, active today, was a success, with banks snapping up 489 billion euros ($641 billion) worth of debt. Stock futures initially rose when the announcement was made at roughly 5:30 a.m. ET, but then quickly reversed, as did the euro. Why the sell-off?

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    Heavy bank borrowing dents the euro, and the Bank of England is dovish - it's time for your FX Fix.

  • Nouriel Roubini

    Famous economist Nouriel Roubini, credited for predicting the financial crisis, made a plea to policymakers to take the tough action needed to address current economic problems, in an article published on the Financial Times' website.

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    New U.S. home sales data, showing sales were worse than reported for the past four years, and reports on European bank borrowing could produce some of the bigger headlines Wednesday, as markets wind down ahead of the quiet holiday week.

  • Euro Zone Crisis in Focus

    Steven Davies, CEO of Javelin Wealth Management says that recent developments from euro zone have addressed concerns such as support for the banking sector and tightening of liquidity.

  • U.S. investors could feel reverberations from Europe’s use of a “back-door bazooka,” one “Fast Money” trader said Tuesday.

  • What is a Backdoor Bazooka?

    Brian Kelly, Shelter Harbor Capital explains the term "backdoor bazooka", and whether it will provide a solution for the euro zone's financial woes.

  • This story has been a slow moving train wreck all year, and will likely go into next year as well. The Euro zone continues to struggle with the fact that some of its members haven't been as fiscally responsible as others. Who'd have thought  would become a common finance term? Thanks to our global reach, CNBC.com was on top of every twist and turn. Of particular interest to our readers were our round-ups of the  and

    What were the biggest business stories of the year? Many a journo-hotshot will be glad to tell you. But here at CNBC.com, we like when our readers tell us what interests you.

  • European Central Bank

    A couple of weeks ago, the European Central Bank announced a bunch of extraordinary moves. Banks would be given access to much longer-term credit facilities and have their reserve requirements cut, while the type of collateral that can be used for borrowing from the central bank would be expanded.

  • Spain

    Blowout Spanish auction, is the European Central Bank program working? You have to think it's having an effect.

  • European Central Bank

    A break-up of the euro would be “absurd” and “unthinkable,” Vítor Constâncio, Vice-President of the European Central Bank (ECB), told CNBC Tuesday.

  • Recession-themed newsprint cuttings

    The U.S. economy next year won't look all that different from this year, with low growth but little chance of recession, Goldman Sachs' chief economist Jan Hatzius told CNBC Monday.

  • Stability for Europe?

    Depending on Goldman Sachs' economic forecast for 2012, the eurozone may see gradual stabilization in late 2012. CNBC's Maria Bartiromo speaks to Jan Hatzius, Behind the Report chief economist regarding 2012 predictions.

  • Global Markets Update: Draghi Says Analysis of Euro Zone Breakup Cost Due

    European shares slide as the ECB's Draghi says nothing about bond buying in speech. The ECB's Constancio says a euro zone breakup is unthinkable. Spain's incoming PM wants to reduce the deficit by $21.6 billion. Saab plans to liquidate after a Swedish court accepts its bankruptcy application. Oil stocks fall on weak economic recovery. And ratings agency Fitch says it's skeptical about Europe's ability to tackle its debt crisis. With Keith McCullough, Hedgeye Risk Management.

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    The brawl has made for cracking entertainment. It's been a super-fun read. But it's time for government officials in the United Kingdom and France to shut their traps and get their heads back into the game of saving the euro zone's economy.

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    The main topic of discussion this morning was Mario Draghi's interview in the Financial Times, where he warned that any country trying to leave the euro zone would still face austerity measures and would be "in a much weaker position." He reiterated no increase in the current bond buying program, and no printing money.

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    The euro may have had a rough week, but this strategist sees a way it could reverse course - sharply.

  • Mario Draghi

    Mario Draghi has warned of the costs of a euro zone break-up, breaching a taboo for a president of the ECB, even as he sought to play down market expectations about the bank’s role in combating the sovereign debt crisis. The FT reports.

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    Kim Jong Il KOs the won, and the euro eases as investors get edgy - it's time for your FX Fix.

  • German Chancellor Angela Merkel and France's President Nicolas Sarkozy speak at a meeting on debt crisis.

    The year ahead will see slow global economic growth combined with political uncertainty to create to a similar outlook for  stock markets to 2011 with a significant chance of continued stock market volatility, according to a research note published by HSBC’s global head of equity strategy, Gary Evans.